Valuation still looks convincing, page-34

I've said it before, but a portfolio of 10% UPRO 90% snp500 will outperform almost any active managed fund over any 5-10+ year period aside from a tiny group of quant and hedge funds, who are prone to rapid downfalls by the nature of their approach regardless.

Any idiot can throw 10% into UPRO and 90% into a generic index fund, over time people have already and will continue to move away from active investing as it is shown how difficult it is, especially over long periods. Why pick an active fund when with a tiny portion of a portfolio in a leveraged index and the rest in a general index you can already do better than a team of overly privileged finance gurus on exorbitant salaries with a marketing and sales team?