These leveraged funds provide outstanding trading and investment products for successfully managing my stock market investments. Individuals should have the same opportunities as the "professionals", many of whom do not perform as well as the good individual investor. There should not be barriers that prevent the average investor from participating in these products. The risks are apparent and most brokerage firms have their own warnings (TD Ameritrade - in bright yellow) or already prohibit trading (JP Morgan). For 2022, I am up 7% YTD and these levered products are helpful in achieving those returns. For comparison, most of the "professionals" are down -10% to -60% percent (see the "ARK" funds).
Daniel Gillett Comment On Regulatory Notice 22-08
These leveraged funds provide outstanding trading and investment products for successfully managing my stock market investments. Individuals should have the same opportunities as the "professionals", many of whom do not perform as well as the good individual investor. There should not be barriers that prevent the average investor from participating in these products. The risks are apparent and most brokerage firms have their own warnings (TD Ameritrade - in bright yellow) or already prohibit trading (JP Morgan). For 2022, I am up 7% YTD and these levered products are helpful in achieving those returns. For comparison, most of the "professionals" are down -10% to -60% percent (see the "ARK" funds).