Should you invest in the Direxion daily S&P biotech Bull 3x fund?

You should not expect the fund to provide three times the return of the benchmark's cumulative return for periods greater than a day. The Direxion Daily S&P Biotech Bull 3X Fund (LABU) is an ETF that seeks to replicate 300% of the daily performance of its benchmark, the S&P Biotechnology Select Industry Index.

Where can I buy a Direxion ETF?

ETFs are generally available for purchase on exchanges, much like stocks—and can be bought and sold throughout the trading day whenever exchanges are open. Direxion ETFs cannot be purchased directly from Direxion, but are available for trading on most trading platforms.

What is a Biotechnology Index?

The Index is a modified equal-weighted index that is designed to measure the performance of the biotechnology sub-industry based on the Global Industry Classification Standards (GICS). One cannot invest directly in an index. You know that TRADING is different than investing.