Patrick Carney Comment On Regulatory Notice 22-08
I do invest in leveraged funds and I would hate to lose the ability to invest in those funds. They have boost my retirement fund considerably.
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I do invest in leveraged funds and I would hate to lose the ability to invest in those funds. They have boost my retirement fund considerably.
*IF THIS GOES PUBLIC PLEASE RESPECT MY PRIVACY AND DONT USE THE WORD 'DIG'*
I HAVENT BEEN ABLE TO RESPOND TO A REQUEST FOR COMMENTS SUGGESTIONS REQUESTED A COUPLE OF YEARS AGO BECAUSE I WAS TAKING CARE OF 3 FAMILY MEMBERS WHO HAVE DEMENTIA ONE OF WHICH RECENTLY DIED SO I AM NOW ABLE TO COMMENT IMMEDITELY.
AWHILE BACK I HAD WENT TO VARIOUS FULL SERVICE BROKERS SEEKING TO JOIN UP BUT THEY ALL HAD TOO ACCOUNT MINIMUMS. I THEN CONTACTED SEVERAL OF THE TOP FIRMS INCLUDING GOLDMAN SACKS, MORGAN STANLEY, WELLS FARGO, USBS, MERRYL LYNCH, ETC.
All of the public should have access to make the same investments. This proposition is incredibly prejudiced.
Investors like me use these investments as a tool during certain market cycles. To take them away would greatly alter how I see the market and can use all the tools that I have to invest for my future. Leave these etf/etns alone
I oppose restrictions to my right to invest in leveraged an inverse funds. I am aware of the potential risks and potential benefits and have spent a lot of time studying them already. I consider them an important part of my overall strategy and have been able to fine tune their use over the years. I do not go overboard with them and they are not a high percentage of the money I invest. I rarely hold them for more than a few days and only sometimes overnight. Usually when I do it is to hedge my positions and therefor I am able to actually trade less.
Individual investors should have right to select funds for their family that they deem necessary. No regulators. No progress to pass test, the prospectus exists for a reason.
My money is mine to do with as I please! I do NOT need to be "nannied" in my investments, and I certainly do not need for music and my generations to be shut out of participating in financial markets!
Comments: I strongly support the provision of detailed, useful information about the structure, and past and anticipated future performance of leveraged ETFs, but very much object to limits or prohibitions of individuals' freedom to perform leveraged ETF trades, or to hold onto trades as mid-to long-term investments, especially where a leveraged ETF has a long, documented positive history.
I strongly oppose restrictions on my right to invest in public investments such as leveraged and inverse funds since these types of investments are important to my investment strategies. Leveraged and inverse funds help me grow my retirement account faster and to hedge against inflation and a bear market. Leveraged and inverse funds should be available to all the public not just the privileged. Furthermore, I am investing my own money and it should be 100% my decision how I invest it and what level of risk I am willing to accept.
Last time I checked I'm over 21, a free citizen of a free state, and I don't need government philosopher kings making decisions for me or 'protecting' me.
You have no right to impinge, impose or restrict my rights to use the subject products. Right now said products are providing me with extremely low cost hedges for my family portfolios.
Without those hedges, my financial future would be unprotected from mindless federal government fiscal policies and the Federal Reserve insanity of the past 15 years.