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I think I have figured out a way to move at least part of a portfolio from a traditional IRA to a Roth IRA with little to no risk

Neglecting the tax implications entirely, you should definitely read the SEC bulletin at http://www.sec.gov/investor/pubs/leveragedetfs-alert.htm: "Leveraged and Inverse ETFs: Specialized Products with Extra Risks for Buy-and-Hold Investors".

These ETFs are not intended for buy-and-hold, and over time (i.e., more than 1 day) their performance will not hit the multiple. If they did, then everybody who was bullish long would just buy the 3x fund and make 3 times as much in the long run.

ETR
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