Is the VXX a safe bet if your patient?
Given that an individual investor has the advantage of patience when investing, isn’t buying something like the VXX at these levels a pretty safe/smart bet? Given a 1-2 year time horizon, I would expect a spike in the VIX at some point just based on the way investors tend to over-react to political events. The only way the VXX doesn’t spike again is if were entering an era of extremely stable global politics and sustained economic prosperity…right?
This seems like easy money so I’m curious what a possible argument against this bet would be?