James Hunt Comment On Regulatory Notice 22-08
Unless these funds are fraudulent or engaged in illegal activity, investment decisions should be left to the individual and not officious government bureaucrats claiming to know better, but rarely do.
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Unless these funds are fraudulent or engaged in illegal activity, investment decisions should be left to the individual and not officious government bureaucrats claiming to know better, but rarely do.
Dear Sir / Madam,
I consider it my right to invest my earned funds exactly as I prefer. Ive worked hard to earn these funds and take exceptional care before placing any cash into a particular investment.
The idea that Im intelligent enough to have excess cash to invest but not intelligent enough to invest that excess cash is reprehensible to me.
My wife and I review our portfolio positions on a regular basis and pick positions which we anticipate will enhance and or hedge other positions in our accounts.
I oppose restrictions to my right to invest
Regulations that impede my investing strategies and choices (imposed by bureaucrats who enhance their wealth by the same strategies) are unethical. We live in a digital age where information and learning is rapid and exponential. To assume that most everyone except politicians and elite wealth classes are incapable of investing with leverage is pompous and sorely mistaken. Let free people live freely!
Before buying these products, my brokerage house qualified me and informed me these products were for knowledgeable investors. That is all the regulation we should need.
I very rarely use leveraged or inverse funds. I do not want to lose the freedom to do so. People will always find a way to shoot themselves in the foot.
I should be able to choose any investment that are offered to the public without taking any test or special process. I am an educated person and handle my own finances and with that I do my own risk management.
A person learns Trading and investing by doing
You will make mistakes and you will learn from them
I'm not a heavy buyer of leverage ETFs but I don't agree that we should not have limitations in the way we invest our money.
I have in crypto space for a little over two years, with a little instruction, anyone can invest. Regulating it like real estate is very short sighted from a taxable income source for government, and it is up to individual to exercise choice of investments and risk vs return. In addition bureacracy does not teach the valuable lessons of experience in investments like success and failure.