Ashvin Kadakia Comment On Regulatory Notice 22-08
I am a experience investor and I would like to make decision my own.
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I am a experience investor and I would like to make decision my own.
As an investor I look at various investment options to create a balance portfolio for my familiys Wealth. I understand that some of these may be riskier than others. I would like the option to decide for myself. If I can buy the product I should be allowed to do so. What will you regulate next the ability to buy high-end cars that may lose value faster than economy compact? By all means you may impose restrictions on a childs ability to buy an investment product. As an adult if I can vote for a president I should be allowed to buy the investment products that I can afford.
Comments:I have used leveraged ETFs for many years. I am very aware of the risks and benefits. They have mostly served me very well because I know when and how to use them. I dont need or want some government bureaucrat, who probably knows nothing about investing, to limit my investment options. The only thing this administration knows how to do is take my hard earned money and give it away.
Its so clear that if anyone expects a market downfall he must be able to protect his assets by buying inverted ETFs like fund managers with options and futures. Its a right retailer investor must have. Otherwise its a discrimination against them!
Don't take away my ability to invest in what I want.
I believe I should be able to invest in riskier products, with my skill and experience, and shoulder the risk accordingly.
I 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 I 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 on me.
I am very concerned new regulations will restrict or eliminate my ability to continue trading leveraged and inverse funds. I regularly use inverse funds as a small portion of my investment account to protect the account value when my buy and hold investments are impacted by unexpected world and national events which drive the market. The new regulations could be considered a TAKING (under 5th Amendment) as the government and large investors will benefit while the 'little guy's' investments ebb and flow based on influences I no longer have an ability to protect against.
I oppose any restrictions. These funds are critical for me to make a living. I am not rich. I am just getting by. Restricting access to these funds would hurt me signficantly.