For growth and stability in the long run, well-chosen, diversified investments like the QQQ or VOO funds are better options. Leveraged ETFs were built for short-term investing tactics, not long-term strategies.
The SPDR S&P 500 (SPY) and Invesco QQQ (QQQ) ETFs are doing well as they sit at their all-time highs. SPY has risen for three straight weeks and is trading at a record high of $530 while QQQ has soared to $452.