I manage our family funds. I frequently use leveraged and inverse funds as hedging vehicles, primarily, but occasionally for going long with less funds. I never put on a leverage investment that I don't have cash to offset. I don't want the government telling me or limiting the tools that i need to manage our investments. If people get in trouble using leveraged or inverse funds that is their problem and most learn from their mistakes. I have made my share of mistakes over 50 years of investing. Are you going to outlaw futures, options, Las Vegas, sports betting and on and on. Where do you want to stop with limiting the tools for us. If you make leverage illegal in one place, i guarantee you those who are reckless and gamble with their money will find somewhere else to lose it. Think Tulip Bulb mania in the 1500's!! Please DO NOT limit the ability of investors to access leveraged or inverse funds. Thank you.
John Stout Comment On Regulatory Notice 22-08
I manage our family funds. I frequently use leveraged and inverse funds as hedging vehicles, primarily, but occasionally for going long with less funds. I never put on a leverage investment that I don't have cash to offset. I don't want the government telling me or limiting the tools that i need to manage our investments. If people get in trouble using leveraged or inverse funds that is their problem and most learn from their mistakes. I have made my share of mistakes over 50 years of investing. Are you going to outlaw futures, options, Las Vegas, sports betting and on and on. Where do you want to stop with limiting the tools for us. If you make leverage illegal in one place, i guarantee you those who are reckless and gamble with their money will find somewhere else to lose it. Think Tulip Bulb mania in the 1500's!! Please DO NOT limit the ability of investors to access leveraged or inverse funds. Thank you.