Phillip Bergey Comment On Regulatory Notice 22-08
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.
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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.
I am a private citizen and individual investor concerned about limits on leveraged and inverse. These funds are an important tool for me as they present another method of limited exposure to leverage with less downside risk than many other leveraged strategies. They are an extremely important part of my strategy as they allow for amplification of strategies that take advantage of market momentum that non-leveraged strategies do not.
It's my money, and it's my choice how to invest them. Restricting my rights is unacceptable. I even moved to another broker to avoid such restrictions. I'm PhD in Math and clearly understand all statistics processes at the market. Both leveraged and inverse funds allows me to create a portfolio with a great Sharpe ratio. It is much more difficult to hedge using only regular long instruments. I'm positive YTD mostly due to inverse funds, but S&P dropped 15%.
As a CPA and investor for over 40 years, Im writing to express my deep concern that proposed rules being considered by FINRA will limit my access to leveraged and inverse funds. These products are an important part of my investment strategy that help me mitigate risk and protect my long-term investments during market downturns.
Balancing my long-term holdings with inverse funds allow me to hold investments during downturns and limit my potential losses. This gives me flexibility in an uncertain market and the security to stay the path with my long-term investments.
A proof of competency will automatically segregate out those of a different background either due to the education system they were forced into by their location or if English isnt their first/native language. Investments should not be up to regulators but the individuals.
I use leveraged funds regularly to manage risks and hedge my portfolio. Access to leveraged funds should be choice and not up to government to decide.