Richard Donadio Comment On Regulatory Notice 22-08
I oppose restrictions to my rights to invest
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I oppose restrictions to my rights to invest
let u make money in peace
Leveraged EFTs and inverses are good products. I use them in my retirement Roth IRAs and they have been useful. I have been through market ups and downs with them. I am against restricting them further.
I strongly oppose regulations that would limit my ability to invest in leveraged funds. I do not feel like I should be required to go through a special process in order to do this. These funds are a fundamental part of my investment strategy, and removing them as an option would cause significant harm to my portfolio, especially with the market down. I understand these investments entail higher risks, which is made abundantly clear. I also feel like I can easily understand the goals of these funds. Please do not remove my ability to utilize them as I see fit.
Hello: I believe that I, as a retail investor, should be able to choose my investments. All of the market is risk/reward; this seems a slippery slope. Here is how I use leveraged funds: I rebalance quarterly using a safe bond fund, selling the excess and buying the shortfall (See Jason Kelly's 3 sig. System). Sincerely, Dr. Saul Cohn
I have the eight ro diversify my investments without the over reach of the government. I am using earnings which h have already been taxed to.purchase crypto.
I plan to use crypto in investments to supplement my retirement.
Government is never very good at fixing a broken system..
However, ..Now the Govt is trying to fix something that is not broken and will more than likely cause issues that never existed before the regulations proposed.
The outcome will likely hurt investors.
I am expressing my opinion of opposition of adding regulation to my ability to buy leveraged and inverse funds. I understand the risks involved and don't feel that taking a test, for example, is necessary. It is just bureaucracy that isn't necessarily going to help with me be less foolish with losing my money, or not.
I am the only person who should choose how to invest my money. The notion that the US Government has the right or ability to remove personal choice, freedom, and responsibility from our lives is simply wrong and frankly unconstitutional. Capital markets work a lot better than government and I am more than capable of making my own investment choices.
I oppose any regulations by FINRA that would restrict my ability to invest in leveraged or inverse funds or any other public securities. Private investors are expected to understand that all investments involve risk. Perhaps a disclaimer should be required by all brokers that investing in certain types of funds will expose the investor to more risk than usual.