Thomas Kalka Comment On Regulatory Notice 22-08
I should be allowed to choose where I want to put my own money and when, I am of sound mind and have the ability to asses risk on my own.
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I should be allowed to choose where I want to put my own money and when, I am of sound mind and have the ability to asses risk on my own.
As a professional advisor, I understand all the risks to my investments and therefore do not need regulation on what I can or cannot invest in. Individuals have different risk tolerances, and as such should have the freedom to match it.
Dear FINRA,
I am not interested in government regulators mandating which products I am allowed to investment in or not invest in. I am not interested in passing your tests or other arbitrary performances for you to demonstrate that I am capable of doing what I choose to do with my money. Did any investors actually ask for you to intervene on this matter? Please keep your fingers out of my brokerage accounts.
We don't need any more paternalism in the financial markets! My brokers (Schwab and Fidelity) provide ample warnings about investing in leveraged or inverse funds. I don't need a regulatory agency holding my hand as well. You cannot regulate away stupidity. There will always be people who lose their shirts by making stupid investments. I have a relatively small stake in a single leveraged ETF, and I do not need anyone else monitoring me if I decide to increase or decrease my investment or make an investment in a different leveraged fund.
Please do not restrict small investors from investing in Leveraged Funds
I am opposed to limiting my ability to purchase levered ETFs like upro, tmf, and tna. These funds allow small diy investors like myself to gain leverage without complex option strategies.
Paired with a good risk parity style portfolio it offers less volatility than 100% equity investing and similar or greater return.
I want to be able to use leveraged an inverse ETFs as a tool to hedge portfolios in volatile markets or invest less capital with leveraged ETFs to gain exposure to a theme. I want to maintain my right to choose from these investments
Hi, please do not restrict leveraged ETFs. They are a powerful tool for retail investors to get leveraged exposure, without having to go through margin, options, futures etc.
I understand that restrictions on leveraged funds are being considered. I have been investing in leveraged and inverse leveraged funds for many years and find them a useful way to hedge and occasionally enhance returns. I always read the prospectuses and think that since they are not marginable or nearly not marginable then they present minimal risk. They are a useful tool and less onerous than investing in a basket of options, I am knowledgeable and would resent any kind of restriction on these types of investments.
Hello, I would encourage all involved to restrict regulation on these types of investments by stopping access. Use other tools. I've invested for 25yrs on my own and made money. I have also lost. I learned the most by losing and this experience motivates me to do research. Impose educational notices and let AI bots do the work. I will be able to secure financial options for charities and other do to my investments over these decades.