Larry Hradek Comment On Regulatory Notice 22-08
If you need more money. Get the billionaires to fork it over. You've gotten everything we own, every day of our lives!!!!!
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If you need more money. Get the billionaires to fork it over. You've gotten everything we own, every day of our lives!!!!!
I want to be able to choose any and all public investments vehicles that I feel is right for me and my family to maximize return on my investments. I oppose any restrictions on my investments such as leveraged and inverse funds. I have been investing for three decades, already understand the risks involved and do not need FINRA to protect me by imposing the proposed measures. Thank you.
The current downturn in the stock market has hurt many investors. When bond yields were at historic lows in the past year, I continued purchases of 2x inverse 20 and 10 year treasury bond etf's, until they became 20% of my portfolio. This was my hedge against inflationary pressures, because higher p/e ratios cannot be maintained when bond yields rise. My 2X inverse bond holdings have now increased over 63%, while stocks have gone down over 25% this year, and the inverse bonds now comprise over 33% of my portfolio, keeping my losses negligible.
Do not create new regulations to restrict investments just because they are risky.
Its a slippery slope to begin restricting individual Americans from their own poor choices with consequences. Its how we learn & a paternalistic approach retards that learning. When you begin taking away freedoms in a free country, pretty soon anything could be on the chopping block. Instead, how about some nudges toward good choices from our SEC to inform & educate the public instead?
This is [REDACTED] and I should be able to buy this freely. Thanks.
I believe it is every American's right to have a choice in where to store, spend, and invest our hard earned money. the banking system has failed us. yielding is .05% interest while they make billions on our money is an insult and should be a crime. crypto gives me the freedom to be in control of my own money and let me put my hard earned money to work for me, garnering all the profits (less uncle Sam's cut).I have made more just in interest alone in the last year, than I have keeping my money in the bank for the last 40 years. keep your hands out of my money except for taxes.
Limited use of leveraged and leveraged inverse ETFs serve an important part of our family's investment portfolio; the risks associated with these products -- the impact of volatility on returns, tracking errors associated with holding leveraged ETPs longer than 1 day, etc. are *very* clearly spelled out in each ETP's prospectus, with most going so far as to provide tables to illustrate such risks.
My investment, my choice, my money.
I definitely do not want FINRA to make any changes to Proposed Rule #22-08. Public traded funds need to remain public. This almost reminds me that I may not be ELITE enough to participate in what has always been available to the public. The thought of being tested to see if I know enough about these funds is ludicrous. I don't believe that FINRA should be awarded this kind of control over the public. This may affect my financial well-being in the future.