Ravi Vedula Comment On Regulatory Notice 22-08
Proshares ETFs provides individual investors options to short and use leverage without taking excessive losses beyond the original investment and should be allowed to persist
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Proshares ETFs provides individual investors options to short and use leverage without taking excessive losses beyond the original investment and should be allowed to persist
I own some shares in ProShares, a mutual fund that I own as a hedge - in case the market turns nasty (as it is now), at least something will keep its value. ProShares is a publicly traded company, and bought on the advice of Vanguard, the largest brokerage/ mutual fund company in the world. I don't like you "protecting" me by telling me what I can and cannot invest in - or whether I can invest at all.
I should be able to chose my own investments, not regulators.
Leveraged and inverse funds are important to my investment activity.
I am an adult and do not need intervention by regulators.
Please do not limit our ability to invest freely in the way we choose. We shouldnt have to jump through hoops such as qualifications and tests in order to invest/trade.
I am opposed to your limitations you want to put on my investments
I am a 79yo conservative investor that uses SH & DOG to hedge my long positions. This enabled me to lose only 7% when the market dropped 31% in early 2020. Please do not take away my ability to do this Thank you.
I am not in favor of limiting investor choice when it comes to these types of funds, which allow investors an element of diversification with reduced committment of funds, which is especially useful given the high degree of correlation of all common stocks and bonds in the current Fed-related stock market correction. It may allow investors the ability to confiently hold core portfolios long term (it does in my case).
Leveraged ETFs are a critical tool for investors. Lifecycle investing studies show that in the absence of funding constraints, young investors are best served by the use of leverage. 100% equity is too low a number for investors in their 20s and 30s. Do not interfere with my choice.
The government should not impede a citizens right to invest their money.
An individual knows their finances better than the govenrment.
For the past decade I have invested a small fraction of my portfolio (between 1 and 4%) in leveraged mutual funds and ETFs. I realize that these are quite risky and that rebalancing is required. But a careful investor who is mathematically inclined is capable of handling them. The people you propose to prohibit from trading leverages funds are exactly those who should be able to continue doing so, with their own money.