Leveraged etfs are risky, yes. But what better way is there for a low net worth, young individual to increase their net worth. Most people that buy leveraged etfs, actually win. Look at upro's, spxl's, sso's, spuu's return over these decades. It will continue in a relevant sense. All of those etfs would have survived 2008 and ended up with more money than spy. If you want to restrict leveraged sectors, that's fine but restricting leveraged indexes are a bad idea. Also allow us to have a leveraged small cap value fund please.
Cesar Ramos Comment On Regulatory Notice 22-08
Leveraged etfs are risky, yes. But what better way is there for a low net worth, young individual to increase their net worth. Most people that buy leveraged etfs, actually win. Look at upro's, spxl's, sso's, spuu's return over these decades. It will continue in a relevant sense. All of those etfs would have survived 2008 and ended up with more money than spy. If you want to restrict leveraged sectors, that's fine but restricting leveraged indexes are a bad idea. Also allow us to have a leveraged small cap value fund please.