Mike S Comment On Regulatory Notice 22-08
The leveraged ETF's are a way for the little guy to make money. One of the big advantages that Wall St. has over the little guy is a plethora of capital at their disposal. The little guy invests with the little extra savings from their paychecks or bonuses. It's almost impossible to build wealth with the little extra savings most Americans accumulate each year. The old saying used to be..."It takes money to make money". Leveraged ETF's has changed that.