Myung Yoon Comment On Regulatory Notice 22-08
I should be able to invest leverage ETF with my own risk
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I should be able to invest leverage ETF with my own risk
I appreciate your concern for my financial well-being,1 Corinthians 10:24. But it is my responsibility and decision to use those resources as I believe I should, Acts 5:4. The last thing we need is more intervention in our personal affairs. We are responsible to educate ourselves and use that knowledge as we chose.
This would be an encroachment on personal freedom and our constitutional rights.
I do not believe we need government regulators limiting our investment choices. I have used leveraged funds to help balance my portfolio for years and I should have the rights to continue to do so. I am well educated and more than capable of properly using these financial instruments as part of my overall investment strategy.
I oppose restrictions as to how I choose to invest my money.
To whomever this may concern,
If a product is available, we should be all allowed to trade/invest on it. If it is thought to be a problem, make disclosures more visible and make all sign terms before trading but do not block or prohibit it!
Leveraged and inverse funds are important to my investment strategies. The pace and fundamentals involved are something I can wrap my mind around and use to my advantage, especially during such financial times. I speak for the have-nots and wish to leave some doors open for those with the ability to manage risk properly. I deserve the right to make the decision myself.
Thank you for this opportunity to leave a remark.
I have many years experience in investing, I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. I'm totally capable of understanding leveraged and inverse funds and their risks. I do not need these measures imposed on you. Thank you!
I believe I have the right to use leveraged or inverse ETFs as part of my investment strategy. Since shorting stocks is not allowed in a retirement fund, inverse ETFs give me the freedom to take advantage of situations where market conditions are unfavorable. Likewise, options can be used at far greater risk than leveraged ETFs. That said, some might enjoy the use of options to hedge a large position in an index or stock holding. Last time I checked, this was America and we can make our own decisions.
Having a balanced portfolio is important to being able to have a long term investment strategy. By limiting my ability to choose leveraged or inverse funds you place my future at risk. I am well able to read and understand the risks associate with investing. I see this move as away for the political elite and the rich to protect their wealth but take away the ability for me to protect my families future.