Brad Boudreaux Comment On Regulatory Notice 22-08
Having all options available to me as an investment opportunity available to me. I understand the risk. If you are going to limit my ability, limit it in the same way you limit options.
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Having all options available to me as an investment opportunity available to me. I understand the risk. If you are going to limit my ability, limit it in the same way you limit options.
I have developed a trend system comparing a bull vs bear etf. I am 78 years old and have been in90%vesting for 55 years. 90% of my money is invested thru my agent. I do not make any decisions on that money. 10% of my mney is invested my way. I do not want to lose that opportunity
I NOW use leveraged ETFs after stock market has plunged ~20% or so. For example i am leveraged now since sp500 dropped from 4800 to 4100 and i believe we have bottomed. Its a great way to rebuild my wealth, especially since i lost a lot of money on UNLeveraged stocks during 2001 dot com and 2008 financial crisis. Why weren't you not protecting us from dot com stocks and citibank and bank of america where i lost massive amounts of money( all unleveraged stocks). So please don't patronize us about leverage.
Please do not stop us buying leveraged etf.
We live in free word and can make our own investment decesions.
I oppose limitations on my ability to buy the leveraged and inverse funds! Please reconsider it!
You should be able to choose the investments that are available on the open market in your account without any interference from regulators.
I should be able to choose the public
investments that are right for me,
Public investments should be available to all of the public,
not just the privileged.
No reason to limit anyone's ability to invest in the market. As an investor I'm responsible for educating myself on the risks I'm accepting with my investments and weigh these risks against the potential returns.
I regard ProShares Short S&P as a viable alternative method of hedging portfolio risk.
I urge you to let investors continue to use this and similar securities in their portfolios.
I firmly believe everyone should be given the chance and freedom to invest in what they like as long as the risk is disclosed to them and they understand the risk. In my case I believe I fully understand the risks of leveraged ETFs before making my investments. Removing this freedom will definitely harm the efficiency of the market. Even if people's freedom in investments is reduced, there are always some investors nevertheless who will lose money regardless of products.