Holly
It is certainly true that leveraged funds are more volatile than non-leveraged. However after a market downturn, they recover their lost value just as well as non-leveraged funds do. In other words, with leveraged funds one simply needs to take the long view towards investing, just as one should with non-leveraged funds.
In the spring of 2009, I invested in leveraged funds and held onto those funds until January of 2018. The amount of money I made has made my life much more useful to society and much more rewarding to me. I have been able to buy ecologically valuable lands and turn them into nature sanctuaries, thereby protecting them from development, in perpetuity. These sanctuaries not only protect nature in general, but the trees in them soak up carbon dioxide, thereby helping to reduce global warming.
Franklin Holly Comment On Regulatory Notice 22-08
Holly
It is certainly true that leveraged funds are more volatile than non-leveraged. However after a market downturn, they recover their lost value just as well as non-leveraged funds do. In other words, with leveraged funds one simply needs to take the long view towards investing, just as one should with non-leveraged funds.
In the spring of 2009, I invested in leveraged funds and held onto those funds until January of 2018. The amount of money I made has made my life much more useful to society and much more rewarding to me. I have been able to buy ecologically valuable lands and turn them into nature sanctuaries, thereby protecting them from development, in perpetuity. These sanctuaries not only protect nature in general, but the trees in them soak up carbon dioxide, thereby helping to reduce global warming.