Brian Trapp Comment On Regulatory Notice 22-08
people need to research their investments and know the risks. don't restrict investment choices because people are not taking the time to do this.
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people need to research their investments and know the risks. don't restrict investment choices because people are not taking the time to do this.
I wish to tell you in the strongest possible way that I am absolutely apposed to the government telling me or my family how to invest my hard earned money in public investments, especially inverse public securities. I have used inverse funds for years to protect my portfolio against major downturns like we are experiencing right now in the market. They are an important hedge against irrational exuberance. I don't need the government being involved in my private investing strategies. I take personal responsibility for my failures and successes in the stock market.
Please do not limit people from buying these types of funds. Investors should be able to invest how they choose with their money, we understand the risks. This would allow only rich hedge funds to invest in these funds and would be very harmful to retail and normal investors. Please do not restrict the access to these tools. Investors already have to agree to the risks when they open an account and start buying stocks and bonds. I do not want my rights infringed on to invest and the pursuit of happiness obstructed. Please do not do this. Thank you very much.
Leveraged funds are important for young small time investors like myself to be able to have access to similar financial vehicles that large investors and institutions are able to use. I use the LETF's to be able to construct a balanced 60/40 portfolio that provides a higher risk-adjusted return than a stand alone index fund would be able to. Imo, there are many stocks that bare much higher risk than these LETF's, and it's impossible to eliminate all risk.
I believe that you should leave well enough alone. If people want to trade ETF's or any leveraged fund let them. it's their hard earned money to do with as they please.
I strongly oppose any attempt to take away my freedom to invest. And it is especially bad to limit my ability to invest against a current trend.
I want to be able to trade any investment product under my own assumed risk
I should have the right to be able to choose the public investment that suits me. It would be unfair that public investment should be open to all members of the public, not just the privileged. I understand the risks of leveraged and inverse funds in my investing process. I'm also operating while I can take the risk myself, and regulators don't need to impose restrictions. Leveraged and inverse funds are important to my investment strategy.
You do not know what's good for me, and preventing me from investing in leveraged/inverse funds is overreach. Why should the rich only be allowed to use these tools, but not me? Also, logically, if I can't lever up via ETFs, why am I even allowed to use options with very little oversight to obtain leverage? It's nonsense, and will probably just further income inequality.