Josh Lin Comment On Regulatory Notice 22-08
ILITY TO BUY LEVERAGED AND INVERSE FUNDS
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ILITY TO BUY LEVERAGED AND INVERSE FUNDS
I buy and sell leveraged ETF TQQQ frequently. I understand the risk in investment and use it as an important strategy to my investment goal. Right now I have a lot unrealized loss on TQQQ. If I am restricted from trading this leveraged ETF, then I will never recover my loss. Therefore, I strongly oppose any restrictions on my right to trade it. It is my investment and I should be able to determine what I want to do with it. Interference from FINRA is not necessary and is detrimental to my retirement account!
This is a ridiculous policy that only benefits high net worth individuals and institutions while trapping everyone else in conventional investments. People should have the FREEDOM to invest how they choose. There are so many ways for people to lose money in the stock market it seems like a very focused solution to an extremely broad issue.
I am an ultra high net worth investor. UPRO is an important part of my investing future. It is my dream to leave money to future generations. UPRO is an important part of my charitable giving. I plan to hold UPRO for the remainder of my life. I am a long-term investor. I understand volatility. I have held UPRO for eight years. It goes up and down. I have achieved a 28.5% CAGR by holding and not selling. I am an investor not a speculator. In the long run it will create significant wealth for me and my family. Please do not prohibit me and my family from investing in UPRO.
Leave our money alone,period!
i am a big fan of the investing tool TQQQ. The ETF is a valuable tool for my portfolio.
Agree this should only be used if thoroughly knowledgable of the strengths and weaknesses of its actions.
I've been investing for over 67 years. I do not need government bureaucrats looking over my shoulder telling me what I can and cannot invest in.
Please dont make cryptocurrency investment difficult for regular investors.
Land of the free means let us be free of government meddling.
Please don't restrict my investment strategies.