Jeffrey Harris Comment On Regulatory Notice 22-08
Please leave those of us with enough sense to tie our own shoes to invest as we see fit.
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Please leave those of us with enough sense to tie our own shoes to invest as we see fit.
I understand the financial risk that I am taking when I purchase leveraged and inverse funds. They are important aspects of my investing strategy. Please do not restrict these assets from the marketplace. Every ETF has a place in the market. Thank you.
Hello:
I am concerned about the possibility of being prevented from investing in various investments, like Leveraged and Inverse Leveraged funds.
I agree these are not for the uninformed investor. But in my case, I am informed. I used to have a series 7 license in my past. I do my own research, and make my own investment decisions. I am knowledgeable.
Please don't take away the INFORMED INVESTOR'S ability to invest in these.
STOP IT. Most people dont even know what ETF are and most pensions, 401k dont offer the ability to trade ETF of any kind. If youre so concerned about people losing their money then why dont you shut down casinos and Las Vegas. Stop trying to force people into mutual funds and managed accounts.
Occasionally, I have used "complex investment products," such as leveraged or inverse funds in my portfolio for specific purposes. As a retired person, I need growth in my investments to fund my living expenses and so far, 2022 has not been very kind. One bright spot in my portfolio has been the ProShares ETF that shorts the 20-year treasury bond which produces a return in a rising interest rate environment.
Having all options available to me as an investment opportunity available to me. I understand the risk. If you are going to limit my ability, limit it in the same way you limit options.
I have developed a trend system comparing a bull vs bear etf. I am 78 years old and have been in90%vesting for 55 years. 90% of my money is invested thru my agent. I do not make any decisions on that money. 10% of my mney is invested my way. I do not want to lose that opportunity
I NOW use leveraged ETFs after stock market has plunged ~20% or so. For example i am leveraged now since sp500 dropped from 4800 to 4100 and i believe we have bottomed. Its a great way to rebuild my wealth, especially since i lost a lot of money on UNLeveraged stocks during 2001 dot com and 2008 financial crisis. Why weren't you not protecting us from dot com stocks and citibank and bank of america where i lost massive amounts of money( all unleveraged stocks). So please don't patronize us about leverage.
Please do not stop us buying leveraged etf.
We live in free word and can make our own investment decesions.
I oppose limitations on my ability to buy the leveraged and inverse funds! Please reconsider it!