Glenna Garrison Comment On Regulatory Notice 22-08
I Work hard for my money and i will invest as I feel inclined.
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I Work hard for my money and i will invest as I feel inclined.
Please do not further restrict investors ability to buy leveraged ETFs. I already had to sign forms making it clear that I understand the unusual risks of investing in these investments (e.g., TQQQ. TECL, TNA). Anyone buying into these products knows what they are getting themselves into. Please DO NOT try to protect us from ourselves! Thank you for your consideration. -Richard Voss
This is yet another example of regulation overreach, and as always, it will hurt worst the people who are already most disadvantaged. Ill keep investing as I want. I have a high net worth, and Ill pass your tests. Im motivated, educated, and investment savvy. I can continue to get 2-3% more per year through my judicious use of leveraged funds, which when compounded over decades makes an enormous difference in my financial future. Regulation on these funds will limit their benefit to the already privileged, like me. Such regulation is paternalistic.
I want to be able to choose what I invest in and I don't want you to take that right away from me. I previously transferred our money from Vanguard to TDAmeritrade because Vanguard enacted similar regulations barring investing in inverse and/or 3x leveraged funds.
I am writing to express my opposition to regulations that would hinder my investment in public securities, such as leveraged and inverse funds. Leveraged and inverse funds have been important to my investment strategy in the past as both a protective hedge and for periodically seeking enhanced returns. I have educated myself on the risks involved with said securities. I know how to use them.
Leveraged and inverse funds are an important part of my plan for providing for my family generationally. Do not get in the way of providing for my family with your regulatory overreach.
I bought inverse ETF during pandemic to hedge against the market downturn risk and back then there were no restrictions. Now given the huge risk in the market, Id like to have the same ability to hedge my portfolio against the risk in the current market environment so in a health market, short sales or inverse ETFs balance the risk.
I--not you or other regulatory authorities--should be able to choose the investments suitable to me. Attempts to regulate and limit access to leveraged and inverse funds only harm equal opportunity and equality and do not level the playing field for investors. Requiring investors to meet certain requirements before accessing these products is a violation of liberty and the American way of life. If investors can invest in far more exotic and volatile investments such as unregulated cryptocurrencies, why are you seeking to limit access to leveraged and inverse products. This makes no sense.
Please do not regulate me out of making my own choices on investments with my money. My friends and I know what leverage and inverse funds are and how they work. They can help hedge investments and bring good returns if used properly and at the right times.
These should remain public securities for everyone and not just the elite and privileged. Let us continue to have the freedom to make our own choices, whether enhanced returns are made or someone suffers a loss. At least it was through our own research and choices.
I have invested in TQQQ. I found the investment is fair and just for individual investors who is willing to take the risk and reward as in every investment. I am an individual investor. I started investing in stocks more than 30 years ago. I found TQQQ is the best investment among all the ETFs as far as I know. I can understand the leverage without anyone tell me the risk and rewards. The cost is a little high at 0.95%. But, I think if you know what you are doing, it is worth it.
Keep all the etfs and funds. Keep regulations, warnings and information as well.