Fred Olitsky Comment On Regulatory Notice 22-08
I trade tqqq all the time. I love to trade this stock. PLEASE DO NOT TAKE AWAY MY RIGHT. FRED OLITSKY
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I trade tqqq all the time. I love to trade this stock. PLEASE DO NOT TAKE AWAY MY RIGHT. FRED OLITSKY
The public should be able to invest in all the available funds. At times, an inverse fund gives the investor the ability to protect other investments with a minimum investment. Taking away this avenue of investing, you are benefiting the large investors, while placing a muzzle on the smaller investors, which, in my opinion, will lower the options of the small investor.
I am an investor in New Hampshire, I oppose this. Investors, by definition, have made the choice to invest, knowing that certain types of investments are risky. I like leveraged and inverse ETF products. Sometimes I choose strategies to limit my risk, sometimes I don't, I accept the pros and cons associated with different strategies. I value the freedom to access a broad range of investment products. I do not want the FINRA to interfere with my choice.
I am strongly opposed to this change. The current prospectus explains all that any investor needs to know. The damage that these changes will do to responsible investors is way more than any possible, small, safety net that they may provide to a few.
So retail investors maybeee lost money while the market went down, but now when the market will go back up, you can't see them make money? Lol
I do not think that the use of leveraged and inverse funds need to be regulated. Any investor who would choose these types of funds has a specific purpose in mind, either of limiting risk without having to sell off positions, or of potentially increasing dividends--for example, in retirement. These investments are not that difficult to understand and can play an important part in a moderately educated investor's portfolio.
These funds should be available to all, or to none. Restricting some from buying these funds exacerbates inequality, giving the rich tools to multiply their vast sums of money while locking the middle and lower classes out of these gains.
I have been investing in the stock market for about 50 years now. I do like to use leveraged and inverse funds to maximize my profits no matter which direction the market is moving. I know and understand the risks involved with these funds, and I should not have to prove my experience with them on each trade. I think these funds should be allowed to be traded as they are right now. They should not be made more difficult to use by the average investor by government regulations.
Let me as an investor decide what investment vehicles are right for me
I oppose restrictions to my right to invest!!!
I have a right to make my own decisions on how I want to invest my money.
You shouldn't have to go through any special process
like passing a test before you can invest in public securities,
like leveraged and inverse funds. Explain that you are
capable of understanding leveraged and inverse funds
and their risks.