Joseph Kuo Comment On Regulatory Notice 22-08
Let us trade! Stop interrupting!
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Let us trade! Stop interrupting!
Dear Sir/Madam:
Leveraged and inverse funds are a vital part of helping me to hedge my portfolio and avoiding constant trading. I use these tools to short the S&P 500 or other indexes when they have become frothy (in my view). These products reduce the volatility and allow me to stay in core positions longer. I use them as short-term hedges and the risks of staying in them too long (decay) are well known. In short, they are an important part of my investor' toolkit.
The greedy government ought to keep its filthy paws out of our ability to invest....people should be ab;le to do what they want, if it is legal. The government is becoming like Nazi Germany. Do they prohibit buying booze and cigarettes? I should be able to choose public investments for me. I am capable of investing in inverse funds after 50 years investing experience. These funds balance and hedge my portfolio perfectly. The government should stay out of my choices
You have no right to take away my ability to hedge using inverse funds. You are trying to take away a tool from small investors and leave all the profit to the big boys. I've been using leveraged inverse funds for over three years, what gives you the right to take away my ability to predict a downturn and capitalize on it? You just want to leave all the profit to the big boys right when the market is going to crash. I will sue your butts off if you divest me of my investments and you cost me big money.
To Whom It May Concern:
Leveraged ETFs like those sold by pro shares are important in that they allow the average investor a way to hedge certain parts of their portfolio. Not allowing this would give the large houses and hedge funds an unfair advantage in the market. Investors that purchase these products know what they are. Quit trying to hamstring them.
I trade the TQQQ for several yrs now, it's always a winner for me. I do sit & wait & buy at the right time. Been trading for 25 yrs.
To whom it may concern,
I would like to continue to be able to exercise my rights as an investor with these financial instruments being available for purchase. I plan on purchasing more in the near future and oppose any obstacles that would prevent myself from doing so. I recommend that you allow me to purchase the securities as long as I live.
If there is one way I can make up my losses, is thru leveraged ETFs. Please stop this madness. Traders are smart enough to read and educate themselves before buying leveraged or inverse ETFs, including myself. If you like to help the traders, here is something much more important you can do: Make our funds available right away after each transaction and/or at least within the hour. In this age of digital fast money, there is absolutely no reason to hold our money hostage for TWO DAYS. Please correct this rule for the benefit of people. Thank you.
Id like to express my displeasure with the attempt to restricting my ability to easily and appropriately utilize leveraged and inverse ETFs. These tools are the only way I have an opportunity to achieve a comfortable and much needed retirement for myself and my family.
Limiting levered funds would be akin to limiting options, futures, swaps, or any other derivative products that investors use to hedge risk or seek profit. Leverage exists everywhere. One example is a mortgage. Another example is home insurance. There is nothing special about levered funds that is any different that other examples of the use of leverage in the economy.