In no way would I recommend anyone to vote to accept government restrictions on my investing. I am not a wealthy person, and I have no specialized or ultra-sophisticated trading systems. But I was able to limit the extent of my draw-downs by using ProShares Inverse funds to limit my down-side risk in both the 2000-2003 AND 2008-2009 market drops.
Government restrictions that limit my ability to offset the risk of market drops mean I am only able to make money when the market increases in value. If government places more restrictions on investors to limit my risk of market drops, I would be forced to submit to increased government welfare to support myself, since I am retired and unable to work due to physical ailments.
PLEASE DO NOT VOTE TO RESTRICT MY ABILITY TO USE LEVERGED OR INVERSE ETFs TO LIMIT DOWN-SIDE RISK IN THE EVENT OF A MARKET MELTDOWN!
Ian Abbott Comment On Regulatory Notice 22-08
In no way would I recommend anyone to vote to accept government restrictions on my investing. I am not a wealthy person, and I have no specialized or ultra-sophisticated trading systems. But I was able to limit the extent of my draw-downs by using ProShares Inverse funds to limit my down-side risk in both the 2000-2003 AND 2008-2009 market drops.
Government restrictions that limit my ability to offset the risk of market drops mean I am only able to make money when the market increases in value. If government places more restrictions on investors to limit my risk of market drops, I would be forced to submit to increased government welfare to support myself, since I am retired and unable to work due to physical ailments.
PLEASE DO NOT VOTE TO RESTRICT MY ABILITY TO USE LEVERGED OR INVERSE ETFs TO LIMIT DOWN-SIDE RISK IN THE EVENT OF A MARKET MELTDOWN!