Kenny Hall Comment On Regulatory Notice 22-08
To be able to invest is a part of being free and being able to live as we please don't take that away from us.
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To be able to invest is a part of being free and being able to live as we please don't take that away from us.
As a retail investor, I should be able to choose which investments I want to invest my money in (including leveraged and inverse funds), based on my own research and risk assessment. I don't see any need for additional tests and reading material Current prospectus and details are more than sufficient and no further checks and restrictions are needed.
I'm offended by the arrogant supposition that investors are somehow incapable of managing their investment risk and trading, investment, and hedging strategies. Leveraged and inverse funds are valuable and innovative tools that actually allow prudent investors to decrease/manage risk and improve tax efficiency. Any regulatory attempts to restrict the availability and utility of these investment tools to ordinary investors increases the risks ordinary investors are subjected to, and harms them by reducing potential returns and increasing potential tax liabilities.
The people should be free to invest their money in any legal asset. Full stop.
I completely disagree that regulators should be able to own the right to deny me the ability to use leveraged and inverse funds. I've been trading with these instruments for a decade and they have preserve my capital, and grown my net worth. Without these instruments, I'd be in trouble. These are very important particularly in the market we are in now when I can hedge my accounts for the short and mid term with great inverse funds. I'd be even less inclined to trade and invest without these instruments.
I oppose limitations to investing in leveraged funds. Limiting this favors Wall Street over me, the individual investor, and its not right. I am capable of making my own decisions.
Leveraged and inverse funds should be available to everyone, not just the privileged. We started buying leveraged and inverse funds in 2011 and over the course of the last 11 years, we have continued to invest more in those funds as we've seen our best returns from these investments. They have also gone down in value but we do not sell when it's down. Leveraged and inverse funds have enabled our family to have a level of wealth that would not have been possible without it.
Leveraged and inverse funds can play a useful role in a self-managed savings or retirement investment portfolio. Their use should be available to amateur, everyday investors as part of a personal investment strategy.
I oppose limitations on my ability to invest in funds.
I am extremely educated on the use of leveraged and inverse funds --I use them to protect other investments--why would you take this type of tool away