Laeeq Shah Comment On Regulatory Notice 22-08
We are assuming more risk on top of reward so there is a balance dont take away our financial freedom.
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We are assuming more risk on top of reward so there is a balance dont take away our financial freedom.
I am against it.
Leveraged and inverse funds are essential to my investment strategy, which involves extensive diversification among asset class and rebalancing. These funds allow me to run a sophisticated strategy that would otherwise be unavailable to me. With simple disclosures, the public can safely use these funds to access strategies that would otherwise only be available to the very wealthy.
I'm a regular everyday non-professional investor. I invested my entire life savings from my earnings, working my adult life in a blue collar job, totaling a 1 million dollar investment. Today, 3 years later, invested 100% in sqqq, I have $20,000 left. This fund never goes up. So yes, regulate These funds. My entire future is lost. My family is damaged. My kids can't go to College, I can never retire, I had to sell my house to live and I'm literally live in a car because I have nothing left. Because some investors play the game and win.
Individual investors nowadays have the smarts to make their own decisions about asset allocation and the investment vehicles they choose.
Leveraged and inverse funds are a important tool to my investment strategies. Government should not take it away from small investors like me, leaving the option to the privileged only.
Comments: I believe investors and traders should have unrestricted access to all funds and investments products including leveraged and inverse funds.
I strongly oppose any regulation on trading leveraged and inverse funds. I use them extensively to build wealth and create an income stream which my wife and I live on. Like any investment vehicle, these carry certain risks. However, I am ok with the risks because I harness the added power they give my trading strategies. It is much easier to profit trading them than individual stocks. I have come to rely on their availability and liquidity to make consistent gains and income. Please leave them as is and freely available to those who choose to invest in them.
To Whom it May Concern:
I am deeply troubled by the notion that the right of investors to access leveraged and/or inverse funds might be affected by new regulations. These funds are extremely important tools that help ordinary investors manage risk intelligently. Please do not make any changes - the current regulations are appropriate and correct.