“The keyword for retail in 2021 is agility the unprecedented events of 2020 showed this industry the importance of shock-proofing business,” a Forbes article explained. “Retailers need to expect the unexpected to solve the major problems experienced in the past year and move their business forward.”
RETL seeks daily investment results of 300% of the daily performance of the S&P Retail Select Industry Index. With its triple leverage, RETL gives investors the ability to:
Magnify short-term perspective with daily 3X leverage;
Go where there’s opportunity, with bull and bear funds for both sides of the trade; and
Stay agile, with liquidity to trade through rapidly changing markets
According to reports by Cowen Research, the sneaker resale market could reach $30 billion by 2030. “Flipping” sneakers buying them at retail prices, or below retail prices in some cases, and reselling them at a higher price has been big business for years. Those willing to put in the time, research, and legwork can see large profits quickly thanks to social media and growing digital marketplaces like StockX and GOAT, which are tailored specifically to the trade.
These schemes naturally attract many young hopefuls. Consider, for instance, 19-year-old entrepreneur Joe Hebert, or “West Coast Joe,” as his sneakerhead buddies almost certainly do not really call him. On Feb. 25, Bloomberg Businessweek published a lush profile on him and his budding sneaker-resale business, West Coast Streetwear. “Anything that’s releasing that I know I can make a guaranteed buck on, I’m gonna go full into,” he told writer Joshua Hunt. “That’s just my style.”