Frank Wang Comment On Regulatory Notice 22-08
Please keep leveraged and inverse funds available for us as individual investors. I personally feel these leveraged and inverse funds are particularly important to us as investment options.
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Please keep leveraged and inverse funds available for us as individual investors. I personally feel these leveraged and inverse funds are particularly important to us as investment options.
It should be none of the governments business what I do with my money after I busted my [REDACTED] to get it we get taxed everywhere from Rotax gasoline tax property taxes we were taxed out the rear end!!!
As a professional investor with 15 years on Wall Street and another 8 years at the US Treasury, I find this stretch to be over-regulation. Investors should have the ability to choose investments and while limiting investment choices makes a sense for some investors, broadening the scope to require additional hurdles and an regulator review is an over stretching. Investing is risky. Investors are provided numerous tools and options to ensure they are making the appropriate decisions.
I believe I should be allowed to make my own informed decisions about investing in any public security. There are ample warnings and notifications in place and to segregate and make one class that is useful in hedging my portfolio harder to access only adds unnecessary and burdensome complications. While it is only a small part of my portfolio,over the past 10 years it is my second best performing asset and acts as a balance to other funds selections.
This is my right to trade and invest the leveraged investment, this kind of investments should be available to all public not just the privileged.
It's unnecessary to go through any special process a test before I can invest in public securities like those leveraged funds. I'm really aware of the how the leveraged and inverse funds works and their risk.
Leveraged and inverse funds are very important to my investment strategies. In the long run I can use it to gain better return. In volatile market, I can use product like UVXY to hedge my position.
I oppose limitations on investments.
I'm very unhappy with Government deciding what I can and can not invest in.. The Bigger concern of mine is Insider Trading by Government officials.
I should be able to choose the public investments that are right for me and my family. Leveraged and inverse funds are important to our investment strategies. Leveraged etfs will run well with enhanced return if the trend is up whereas inverse ETFs help to protect our investments during market correction and downtrend. Hence, public investments, especially hedging, should be available to all of the public, not just the privileged and wealthy ones. Investment is for long term in the broad market indices. From 1931 to 1971, stock equities appreciate 450%.
I regularly maintain positions in 2x leveled ets for the purpose of hedging and to maximize my upside without the use of margin debt or options with expiration dates. Products like SSO and QLD allow me to be patient, as well as invest less cash to achieve the same or similar performance as spy and qqq; each of which require putting up double the cash at risk.
I am writing to object to the subject proposed regulations. I do not believe an investor should have to go through any special process such as passing a competency test before one can invest in public securities such as leveraged or inverse funds. As with any investment, one is PERSONALLY responsible for understanding the goals and objectives by which the fund operates and the inherent risks in that particular investment. Leveraged and inverse funds and especially risk prone but such opportunities are needed to leverage one's portfolio.