Leveraged and inverse funds play a critical and essential role in my investments, particularly in times like today where the risk of a recession requires the tools to hedge my portfolio. With both bond and equity investments declining in value, as a super senior citizen I can't afford to have my portfolio gutted by inflation and bad economic management by my government.
Unlike large investors and hedge fund managers, small investors like me have limited tools to protect our portfolios. I understand that leveraged funds are not buy and hold long term investments but in periods of great uncertainty these tools are essential to protect and manage my portfolio. My brokerage firms have done a good job in the education of these higher volatility and risk funds. Do not take away my ability to manage my investments.
Donald Kunze Comment On Regulatory Notice 22-08
Leveraged and inverse funds play a critical and essential role in my investments, particularly in times like today where the risk of a recession requires the tools to hedge my portfolio. With both bond and equity investments declining in value, as a super senior citizen I can't afford to have my portfolio gutted by inflation and bad economic management by my government.
Unlike large investors and hedge fund managers, small investors like me have limited tools to protect our portfolios. I understand that leveraged funds are not buy and hold long term investments but in periods of great uncertainty these tools are essential to protect and manage my portfolio. My brokerage firms have done a good job in the education of these higher volatility and risk funds. Do not take away my ability to manage my investments.