Lei Zhou Comment On Regulatory Notice 22-08
Need to be able to invest using leveraged tools
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Need to be able to invest using leveraged tools
As an individual investor, I should be free to choose which types of risks and investment strategies I want to use. While leveraged ETFs are more risky than some other types of investments, the same is true of regular equities compared to bonds, and options compared to equities, as commodities compared to precious metals compared to crypto currencies, and as a savings account compared to collectibles.
Everyone has their own strategy, knowledge, and risk tolerance that is unique to their own situation. Let people decide for themselves how they want to proceed.
Amateur investors cannot be protected from making mistakes through aggressive regulation. The only way to protect oneself from losses is education and experience. Leveraged ETFs are no more risky than some of the more volatile equities for which there are many.
We oppose restrictions and regulations that control or do not allow investments.
I am against this proposal, it is investors' right to choose any products they like.
Wenbo Liu
As an investor I should be allowed to invest as I please. The two experiences Ive had with financial planners, both certified and one a fiduciary, were disastrous. I lost significant amounts of money. Whereas when I have chosen my investments myself, including leveraged and inverse ETFs I have done much better.
Dont take that opportunity from individuals such as myself.
I am aware of the risks involved with leveraged ETF's I do not need new measures imposed on me,
Thanks
Please keep leveraged funds, I'm a small investor who's informed in my knowledge of how to trade and invest. My strategy is to buy and sell when it's going up but hold on when going down, so I'm not causing volatility in a down market or contributing to exacerbating a market panic. Please keep markets as free as possible. Thankyou
There are already several restrictions in place that make the public markets unfair towards those who are not institutional or professional traders as is demonstrated by the GME debacle. The risks of leveraged products are well advertised and there should not be government restrictions on those who choose to take those risks. Leveraged investments vehicles as those from ProShare/Direxion provide a cheap way for the home investor to include some leverage in their portfolio and even the playing field with large institutions who have cheap access to leverage the small investor does not.
I strongly oppose any new regulations regarding leveraged and inverse ETF's. I am not a high net worth individual. I depend heavily on these instruments to grow and secure my own retirement and savings. The risk I take is my own to manage, not anyone else's. Regulations are supposed to protect people like me, not reduce the tools and opportunities I have to improve my economic well being. Preventing me from using these instruments shrinks the tool bag I have to grow my wealth.