Hugh Gilmartin Comment On Regulatory Notice 22-08
How about trusting American people to invested they see fit Stop your elite attitude ok
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How about trusting American people to invested they see fit Stop your elite attitude ok
I am a self guided investor and I want to express that I should be able to choose the public investment that are right for me and my family. I shouldn't have to go through any special process like passing a test before I can invest in public securities.
Hands off my freedom of choices
- It's abhorrent that regulators are proposing to choose the public investments that are right for me (not regulators). By definition public investments should be available to everyone, not just those who are of high net worth or in privileged positions. - I am university educated and capable of understanding both leveraged and inverse funds and the risks. I shouldn't have to jump through any additional hoops before using them. It's my money and I should be able to choose to do with it as I wish.
Leveraged funds (e.g. TQQQ) are integral part of my diversified investment strategy. I would like to continue investing with these leveraged funds without any restrictions or jumping through hoops and beaureocratic red tape.
I like having the ability to invest in leveraged funds. I do not want this option taken away, or limited by some gate-keeper that gets to decide what I do with my money.
These are calculated risks I take and provides me choices for high growth.
We, public retail investors, should be able to choose which public investments are right for me and my family.
I shouldn't have to go through a special process before I invest in a public security.
BUT, if there are certain conditions that MUST be known about any said public security, that must be provided to me like it is in TD Ameritrade when I invest in a leveraged or inverse security. That disclaimer HAS to be there.
Restrictions aren't necessary when the right education and transparency is available about ANY public security.
I not regulators should be able to choose the public investments that are right forme and my family. Public investments should be available to all of the public, not just the privileged.
Inverse leveraged funds allowed me to protect my self from disaster and becoming another burden on Government hand outs. The inverse funds soared during the COVID meltdown of March-April 2020, enough to offset my portfolio losses.
If people do not understand these, STAY AWAY! Do not limit my investing to what the dumbest person who has a brokerage account can understand. THAT IS WRONG!
America has become the blame someone else capital of the universe. Not this! Too many need these funds for protection.
I oppose any restrictions to my investment choices