#1: As an American I take great offense to even more regulations on my ability to make intelligent investments, since a free citizen should be able to make or lose money on their own volition, not that of a Regulator . . . FYI the "motherly" $25,000 Trade Rule regulation cost me dearly at times in the past;
#2: My risk is less with leveraged ETFs as I invest much less than I am able with leveraged ETFs, which gives me a much larger cash position to take advantage of large market fluctuations;
#3: ETFs in general are inherently less risky than, say, commodity futures, many types of options, outright shorting of stocks, and cryptos . . . since all of these direct investment options offer infinite risk while specialty ETF or leveraged ETF risk in these options is limited to only the amount invested by an individual;
#4: ETFs offer the ability to invest with the professionals, or where I might otherwise be unable . . . such as IPO's which are normally limited to the 'best" customers of a broker, or those "in the know" or on the "inside;"
#5: Why should a Regulator, possibly one with NO investment experience at all, dictate my investment options ? . . . especially when I have more than 50-years of securities market experience;
#6: Any "cooling off period" would be a travesty as it might come at a time of great peril and, at the capricious whim of a regulation, block my timely ability to hedge profitable positions with a counter-trend ETF . . . which is Orwellian;
#7: Possibly worst of all is for a Regulatory body to deprive a small investor the opportunity to compound a portfolio of various ETF-types at an annual rate that would result in their becoming a large investor . . . like my ETF-portfolio Signals (using many types of ETFs listed in FINRA #22-08) which have outperformed the S&P500 by 2 1/2 times over the last market cycle to yield a compound rate of return in excess of 50%.
#8: Please, Mr. Regulator, just regulate the function and credibility of the market system and stay away from calling the shots of what or when one may buy or sell investments that have already been approved for public use.
Ivan Jones Comment On Regulatory Notice 22-08
#1: As an American I take great offense to even more regulations on my ability to make intelligent investments, since a free citizen should be able to make or lose money on their own volition, not that of a Regulator . . . FYI the "motherly" $25,000 Trade Rule regulation cost me dearly at times in the past;
#2: My risk is less with leveraged ETFs as I invest much less than I am able with leveraged ETFs, which gives me a much larger cash position to take advantage of large market fluctuations;
#3: ETFs in general are inherently less risky than, say, commodity futures, many types of options, outright shorting of stocks, and cryptos . . . since all of these direct investment options offer infinite risk while specialty ETF or leveraged ETF risk in these options is limited to only the amount invested by an individual;
#4: ETFs offer the ability to invest with the professionals, or where I might otherwise be unable . . . such as IPO's which are normally limited to the 'best" customers of a broker, or those "in the know" or on the "inside;"
#5: Why should a Regulator, possibly one with NO investment experience at all, dictate my investment options ? . . . especially when I have more than 50-years of securities market experience;
#6: Any "cooling off period" would be a travesty as it might come at a time of great peril and, at the capricious whim of a regulation, block my timely ability to hedge profitable positions with a counter-trend ETF . . . which is Orwellian;
#7: Possibly worst of all is for a Regulatory body to deprive a small investor the opportunity to compound a portfolio of various ETF-types at an annual rate that would result in their becoming a large investor . . . like my ETF-portfolio Signals (using many types of ETFs listed in FINRA #22-08) which have outperformed the S&P500 by 2 1/2 times over the last market cycle to yield a compound rate of return in excess of 50%.
#8: Please, Mr. Regulator, just regulate the function and credibility of the market system and stay away from calling the shots of what or when one may buy or sell investments that have already been approved for public use.