Dirk Niggemeyer Comment On Regulatory Notice 22-08
To Whom It May Concern:
I am using leveraged and inverse funds to secure my retirement savings from market swings. Your proposed changes will undermine my financial security in retirement.
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To Whom It May Concern:
I am using leveraged and inverse funds to secure my retirement savings from market swings. Your proposed changes will undermine my financial security in retirement.
Why do you want to do this to me? I have made more money investing in leverage funds than I have in any other investments in over 40 years of investing. I wonder why regulators are trying to change things on us. Please do not change things so I can not invest in Leverage Funds!!!
I have invested in leveraged funds for over 20 years. Although they have risk, I am retired and would like to preserve wealth. I do this through leveraged funds. By investing 50% of my invested cash in a 2x leveraged fund, I get a return that is less than 2X in a given year but over a long period of time, I am likely to get more than 2X due to compounding. I understand these instruments are recommended for short term holding because of volatility decay. Over the last ten year period, the SPY ETF has had a 13.56% return while SSO 2X leveraged ETF has returned 22.97%.
Dear Sirs, for several years I have been investing in the market and I am well aware of the risks and rewards of the available assets and tools to negotiate them. I am a retired small trader with accounts at three different brokers, therefore I wrote three of these comments, one for each platform. I am an educated person and feel comfortable and aware of my investment proficiency, Please, do not impair my ability to use all the resources available to trade. Thank you.
I see no good reason for Government to change the laws.Let the market do what it does best!
I have the right, whether you believe I have enough money or not, to invest in whatever strategy I may want, whether incredibly complex or simple. There is ZERO correlation between net worth, and self-knowledge about investment strategies. I will lose all faith in the worlds largest FREE market if this rule is implemented.
I am opposed to regulations limiting investors ability to trade and invest in leveraged and inverse funds. Most brokerage firms already have safe guards in place to protect uneducated and unsophisticated investors, such as income and investment limits, and warning labels. Seriously - you have just as much risk in investing in Bitcoin - or AMC !! Or trading on margin !! These leveraged funds provide a way for me to hedge my portfolio and enhance my returns. I firmly believe existing safeguards are sufficient.
I oppose proposed restrictions on the use of leveraged investment products. I use them in a balanced portfolio which minimizes risk yet enhances returns. Individual investors are unable to access borrowed funds easily and these products offset that disadvantage.
Thank you.
Enough is enough!!!! Leave us alone! Quit trying to insert YOUR "opinions" upon us and let us take care of OUR finances! Feel free to worry about YOUR own financial situation! Good grief! This [REDACTED] is getting totally out of control! Shame on you all!!!
It is my right to invest in funds that I deem valuable to my portfolio. Hedging investments by using inverse funds is an important strategy.