Hwadong Park Comment On Regulatory Notice 22-08
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
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I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
I oppose restrictions to my right to invest. Investing should not be for the rich only but for everyone.
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
I'm troubled to learn that my access to invest in leveraged funds me be significantly hindered, if not outright prohibited. Those who are investing directly in the market can see for themselves how certain assets are performing and can put protections in place to guard against significant losses. It should be up to the the investor, not a bureaucrat what risks he or she wants to take. Please do not impose even more rules. They are not necessary.
Please stay out of people's private lives. I've held some of these funds for quite awhile. Have I learned a hard lesson on how these products work?--YES. But I've held in waiting for an eventual bear market that I know someday will come. Now that is almost upon us, you want to change regulations where people like me can't play the game no more? Just as I'm about to get some of my money back, you want to pull the rug out from under me? I don't think so. Leave me and my money alone. I'll take my lumps for MY mistakes, NOT YOURS!
If you need more money. Get the billionaires to fork it over. You've gotten everything we own, every day of our lives!!!!!
I want to be able to choose any and all public investments vehicles that I feel is right for me and my family to maximize return on my investments. I oppose any restrictions on my investments such as leveraged and inverse funds. I have been investing for three decades, already understand the risks involved and do not need FINRA to protect me by imposing the proposed measures. Thank you.
The current downturn in the stock market has hurt many investors. When bond yields were at historic lows in the past year, I continued purchases of 2x inverse 20 and 10 year treasury bond etf's, until they became 20% of my portfolio. This was my hedge against inflationary pressures, because higher p/e ratios cannot be maintained when bond yields rise. My 2X inverse bond holdings have now increased over 63%, while stocks have gone down over 25% this year, and the inverse bonds now comprise over 33% of my portfolio, keeping my losses negligible.
Do not create new regulations to restrict investments just because they are risky.
Its a slippery slope to begin restricting individual Americans from their own poor choices with consequences. Its how we learn & a paternalistic approach retards that learning. When you begin taking away freedoms in a free country, pretty soon anything could be on the chopping block. Instead, how about some nudges toward good choices from our SEC to inform & educate the public instead?