James Cunningham Comment On Regulatory Notice 22-08
James Cunningham
N/A
As an amateur investor, I find leveraged and inverse funds to be a huge help in complementing my investments and hedging against falling markets. I am WELL aware of the risks associated with leveraged and inverse funds, as my broker often posts warning statements on the trade screens when I buy these funds. Leveraged and especially inverse funds offer me an "all in one" product that otherwise I would have to spend time short selling and tracking prices to match the tracking index. I am well aware of what I get into when I buy these and feel that imposing restrictions on me purchasing these products is an infringement on my free market rights. Some investors I know also use these in a separate "lottery ticket" account that utilizes expendable funds to go "all in" on their stock market predictions. These funds also offer expense fees around 1%, which is a small price to pay for the ability to invest in these instruments.
James Cunningham Comment On Regulatory Notice 22-08
As an amateur investor, I find leveraged and inverse funds to be a huge help in complementing my investments and hedging against falling markets. I am WELL aware of the risks associated with leveraged and inverse funds, as my broker often posts warning statements on the trade screens when I buy these funds. Leveraged and especially inverse funds offer me an "all in one" product that otherwise I would have to spend time short selling and tracking prices to match the tracking index. I am well aware of what I get into when I buy these and feel that imposing restrictions on me purchasing these products is an infringement on my free market rights. Some investors I know also use these in a separate "lottery ticket" account that utilizes expendable funds to go "all in" on their stock market predictions. These funds also offer expense fees around 1%, which is a small price to pay for the ability to invest in these instruments.