Grace Fang Comment On Regulatory Notice 22-08
I like to continue to invest in leverage equity
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I like to continue to invest in leverage equity
I am a sophisticated investor with 45 years experience in investing in the stock market I have mutual funds, bond funds, and stocks in my portfolio. It is an investment built over the years to its current value of 2.2 million dollars. I could net have done this without the Leveraged funds I have invested in. I use the them as a long term investment and I use the inverse funds like TQQQ as a hedging device for long positions in the market. They are critical in my portfolio.
I believe it is my right to invest in any publicly held stock.
To whom it may concern,
I am a retail investor with over 20 years of investment experience. I am a software engineer, and generally a nerd that tries to built expertise in anything I have interest in.
I do no think that this regulation should pass.
I really dont understand what are you guys talking about. Are guys telling me that I cannot buy the TQQQ and the SQQQ stocks? If so, I dont understand why. Dont we have the right to invest in any stock in the stock market? I think we all the people should have the right to invest in any stock that is trading in the stock market.
I am opposed to all proposed new regulations
I have the capability of making my own investment decisions. A lot of people have investment strategies using these products and know the risks and do not put their life savings them.
I actually have a Series 7 license and understand the risks. There are others that do not have a license but are traders that make a living of trading. I do not feel the government needs to regulate. There is not widespread people losing everything. If there are people sustaining losses, those are the ones who need financial planning. Do not lump everyone into the same group!
"I oppose restrictions to my right to invest"
As a small private investor, I am well aware of risks associated with the various vehicles available on the markets, including inverse funds and leveraged funds. While not core, these are tools that sometimes make sense, and they should not be placed behind barriers that inhibit or even prohibit my access to them. I do not require and do not welcome regulations that block my ability to implement strategies to protect my investments or even take advantage of special circumstances to enhance my earnings.
We should have a free market to buy and sell products. If the issue is with brokers and their practices, then deal with them specifically. People are capable of assessing risk and reward. Please do not shut down leveraged products as they can have incredible returns.