In September 2022 I will have been retired 10 years. Leveraged ETFs have made it possible for me to continue my preretirement lifestyle while being able to be generous to my children, their spouses, grandchildren, and great-grandchildren. I have also increased my retirement savings while doing this. It would be unfair to change the rules and exclude me because I am not worth enough. Big girls and big boys understand that some days you win and some days you lose but if someone does not have the wisdom to be successful, they will soon learn that perhaps they are more suited for savings bonds or real estate. When the market comes back in 1, 2, or 3 years we will need the leveraging power to start the climb back to our all-time highs. The playing field should be level for EVERYONE. If I can't use leveraged ETFs I will have to sell my house and severely cut spending on my extended family and charitable giving.
James Christy Comment On Regulatory Notice 22-08
In September 2022 I will have been retired 10 years. Leveraged ETFs have made it possible for me to continue my preretirement lifestyle while being able to be generous to my children, their spouses, grandchildren, and great-grandchildren. I have also increased my retirement savings while doing this. It would be unfair to change the rules and exclude me because I am not worth enough. Big girls and big boys understand that some days you win and some days you lose but if someone does not have the wisdom to be successful, they will soon learn that perhaps they are more suited for savings bonds or real estate. When the market comes back in 1, 2, or 3 years we will need the leveraging power to start the climb back to our all-time highs. The playing field should be level for EVERYONE. If I can't use leveraged ETFs I will have to sell my house and severely cut spending on my extended family and charitable giving.