Larry Palm Comment On Regulatory Notice 22-08
I have been investing for over 45 years and use leveraged and inverse funds from time to time. I understand the risks and rewards.
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I have been investing for over 45 years and use leveraged and inverse funds from time to time. I understand the risks and rewards.
I should be able to use leveraged funds and index funds to invest as it is easy to track instead of individual shares. Individual shares needs to be tracked daily, monitor their business, monitor quarterly results which consumes lot of time.
Leveraged funds are easy to manage and could trade easily without any hassles and they were trading since years.
I use leverage funds understanding the risk/rewards. I do not need to be told that it is too risky for me. I'm an adult and I make investment decisions based on my risk tolerance. If you try to close a fund I would demand restitution for any potential losses of principle
I understand that regulators are interested in restricting my ability to invest in certain investments.
With the plethora of information on the internet and other places, I firmly respect an individual's right and responsibility to invest as one feels appropriate for their needs.
I have, and am using leveraged and inverse funds as a way to hedge against wild market swings - such as we are currently experiencing.
we utilized leveraged and inverse funds for downside protection in the market. For when the market falls you can use inverse products for protection. These products are very important to our clients who want market upside with downside protection.
I should be able to choose the investments that I feel a suitable for me!
America stands for "Freedom." These regulations are unjust to your average blue color worker.
Most of us are full time employee workers don't have access to 401k's or Pensions. Companies these days simply don't offer them like the used to. Instead we get the one and only option of utilizing the IRA for retirement.
WhATs ThE BiG DeAL?
- 401k's have a yearly contribution rate of $20,500.00, plus other added benefits such as employee matching
- IRA's have a yearly contribution rate of only $6,000.00
I understand that regulators are interested in restricting my ability to invest in certain investments.
With the plethora of information on the internet and other places, I firmly respect an individual's right and responsibility to invest as one feels appropriate for their needs.
I have, and am using leveraged and inverse funds as a way to hedge against wild market swings - such as we are currently experiencing.
I believe people should be informed as to what type of risk they are taking but they are responsible for understanding what investment they are making and thus what magnitude of risk they are taking. Please don't restrict my ability to invest or my rights to invest in leveraged or inverse funds.
Thank you.
It is undemocratic and unAmerican to limit investors right to invest in financially sound investments such as leveraged and inverse products. These are necessary to ensure a level playing field for individual investors seeking diverse assets and non-correlated strategies versus the institutional giants that now dominate finance. It is unfair for the government to take away our rights to invest our own money how we want. Is this because the corporate mega brokers and hedge fund managers have paid off you or your election funds? How can you look at yourself in the mirror?