Jeremy Wales Comment On Regulatory Notice 22-08
You dont need to regulate my crypto, or anything if me, or others. Well take our power back now.
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You dont need to regulate my crypto, or anything if me, or others. Well take our power back now.
I oppose restrictions to my "RIGHT" to invest!!!!! I am capable of understanding leveraged and inverse funds and their risks. I use these to hedge against a market collapse that I have no control in.
As an investor, I should be able to invest in any public security I want even if it is a mistake. It's my money and I should be able to use (or waste it) as I want whether or not it unwise. The proposal limits the ability of small-time investors and reserves it only for the highest "elite" of the investment world. There is no clear definition of "complex products" which would allow you too much broad authority to define this term in whatever way you choose, to the detriment of small investors.
Leveraged investing in TQQQ provided a way for me to retire ... because my $2,250 monthly social security is WAY BELOW a half-way decent standard of living.
$30 trillion in debt... and inflation similarly growing out of control, and you want to legislate away my ability to protect myself against my irresponsible Congress...obsurd!
Hello, I am incensed you are contemplating making it nearly impossible to purchase leveraged and inverse funds. They definitely have their place and have been used successfully by millions. Please - do not cripple investor's ability to use these funds.
Thanks for taking comments; we already have enough disclosure on on leveraged + inverse products. WE like our choices. [I do agree with Warren Buffet; crypto currency = ''rat poison''] I have gotten for years, a warning thru my broker on the ''..unique risks......'' for these .I already understand them..............................................
I, not regulators, should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged.
I shouldn't have to go through any special process like passing a test before you can invest in public securities, like leveraged and inverse funds. I am capable of understanding leveraged and inverse funds and their risks. I do not need these measures imposed upon me.
We need to be able to participate in these kinds of investments in order to catch up what we've lost and manage our futures. I appreciate your attempts to help, but we need to be able to choose our own investments, take our own risks, learn from our mistakes, and benefit from our own risk-taking. I do not want you telling me what I can or cannot do, and I do not appreciate you feeling like you have to protect me from myself. I'm a well-educated, smart, courageous individual and do not need your help in this area.
we should be able to choose the public investments that are right for us and our family. Public investments should be available to all of the public, not just the privileged. We shouldn't have to go through any special process like passing a test before we can invest in public securities, like leveraged and inverse funds. We are capable of understanding leveraged and inverse funds and their risks Leveraged and inverse funds are important to our investment strategies.
I do not need you telling me what I can or can't invest it. I't my responsibility to assume risk, not yours. Quit being the nanny state.