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Todd Johnson Comment On Regulatory Notice 22-08

In the past 40 years, federal policy has increasingly placed responsibility for retirement saving squarely on the shoulders of individuals. It is highly inappropriate for the government to assign that burden to individuals, then limit or restrict the sorts of investment vehicles available to individual investors. That includes leveraged funds, which, when the associated risk is properly managed, can produce outsized returns to an individual with otherwise limited means and help insure a comfortable retirement.

Richard Riffe Comment On Regulatory Notice 22-08

Leveraged/Inverse Products ... like other investment products, leveraged and inverse funds or ETFs have a useful purpose for those who have some understanding of the terms "leveraged" and "inverse"...

All a person has to do to understand what "leveraged" or "inverse" means is some MINIMAL research on their broker's website or the AAII website or any of dozens of other investment/financial websites readily available.

Mike Geddes Comment On Regulatory Notice 22-08

Please note I've been investing with 3x leveraged ETFs (e.g. TQQQ) for over two years with no concern about the volatility of these instruments. The math should be simple for most people .... if 3x the underlying security, then invest only 1/3 of assets to obtain equivalent volatility of underlying security. This has proven to be beneficial since more funds are available to invest in more conservative funds to obtain less volatility of the total portfolio.