Mark Howard Comment On Regulatory Notice 22-08
Dear sirs:
Please do not increase restrictions upon investors unnecessarily.
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Dear sirs:
Please do not increase restrictions upon investors unnecessarily.
Please don't implement new regulations that attempt to protect stupid people from themselves. Leveraged and inverse products have been incredibly useful to me to hit my investment goals.
I believe that leveraged ETFs have their place. They allow a smaller dollar amount of capital to be at risk for roughly the same potential returns. They certainly are not for everybody and one should be made very aware of the risks, tracking errors, and internal costs. It should be stressed to the public about the pros and the cons of their usage and the importance of position sizing if allowed to be used.
I oppose restrictions on my right to invest my money in the manner that I see fit, including use of leveraged funds. These funds should not be restricted to just the priveleged or wealthy, but should be made available to anyone who desires to make the same type of public investment. I do not need or want special measures imposed on me to restrict my ability to make these investments with my own money.
LEAVE Our Finances ALONE
I just find it funny that youre now oh so concerned with our knowledge and ability to use leveraged ETFs now that the market is falling to crap. You just dont want the everyday Joe making money on the way down like the big boys do. Inexperienced traders lose money everyday on all kinds of stocks and all you fat cats profit from it but now you care about us not losing our money. I call [REDACTED]. Were making more money having the ability to buy inverse ETFs while the markets falling apart. Far more money than just going long on everything and you know it.
Every individual should have easy access to publicly available investment vehicles. There can be a place for these types of investments in many portfolios and any proposed rules should support equal access.
I am a registered Financial Advisor with 36 years of Brokerage experience. I use Ameritrade for my leverage ETF purchases. This is a means to catch up your market downside after a sell off. Please allow individuals this continued right. Thanks, Lowell Shepley
I'm frustrated and angry with our government and governmental agencies wanting to put regulations and other federal laws in place to make it more difficult to vote, to invest, to do anything requiring us to make our own decisions! We're not children and we're not stupid. In fact, many of us are quite intelligent. Case in point, me, I have a Master's Degree. Please for our Democracy's sake, stop treating us like naive, stupid children, because we see what government has done and what the government is doing now and we're definitely not happy.
Complex investments is a substantial way I earn money for my family. Leave our livelihood alone! Stop the government overreach! I don't need the government restricting our means of life!