Doug Mahady Comment On Regulatory Notice 22-08
[REDACTED] stay away from my crypto!
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[REDACTED] stay away from my crypto!
I am capable of understanding leveraged and inverse funds and their risks. I do not need these measures imposed on me. I have used leveraged ETFs for 5+ years and don't want restrictions placed on my ability to do so. They are extremely important component of my investments.
This proposed action is totally unacceptable in a free country. Instituting this policy will demonstrate that this government agency, and therefore this administration, believes in totalitarianism in its truest form. Is this really what you want to do and be remembered for, bringing this beloved country closer to fascism??
Let me spell this out for you:
- In a FREE country, I should be able to choose where I want to invest MY money, the money I worked for. All public investment options should be available to ALL, not just those whom the government chooses.
I do not plan to invest in either leveraged or inverse funds, but I don't feel you should restrict my ability to do so should my investment plans change.
I strongly object this regulation that would limit my ability to invest in any public traded investments.
I also strongly protest any special processes like taking test before I can invest in leveraged and inverse funds.
These funds have been part of my investment strategy for a number of years. I understand the risks involved with these fund and use them to balance out my portfolio.
We need all of the help we can get with the miserable shape that our Country is In!
I and investors like me, not regulators, should be able to choose public investments that are right for me and my family.
Public investments should be available to all of the public,
not just the privileged.
Using ETF and inverse ETF securities, along with other strategies, allowed me to avoid the 35-40% decrease in portfolio value experienced by almost all 4000 mutual funds and like instruments during the 2008-2009 market mini-crash. My family portfolio increased about 4% during that stressful period.
Let me be clear and succinct:
I understand your concerns and intentions but this country is land of free and opportunity.
I believe public investment should be available to everyone, not just the few privileged.
I am strongly against this proposed regulation change.
I believe that I'm smart enought to
(A) Not invest more than can afford to lose.
(B) Do my due diligence and do thorough investigation into investments BEFORE investing.
I also feel that it should be up to me to decide what public investments I do or do not invest in.