I invest via a systematic quarterly plan that utilizes leveraged ETFs. I know what I am doing. Correct use of these leveraged products is a key part of my financial plan.
Leveraged funds are important to me. They improve my performance over the long term. I am not engaged in reckless trading, I understand the effect of daily magnification of an indexs price movement, and benefit from this magnification.
I do not need or want a third party evaluating my ability to manage leveraged funds, and certainly do not want one preventing me from buying them.
If leveraged funds are restricted to accredited or wealthy investors only, the wealth gap in the country will increase as the rich get richer in sophisticated products while average investors fall futher behind in plain old index funds.
Please keep leveraged funds available to all investors.
M Barnett Comment On Regulatory Notice 22-08
Dear Sirs:
I invest via a systematic quarterly plan that utilizes leveraged ETFs. I know what I am doing. Correct use of these leveraged products is a key part of my financial plan.
Leveraged funds are important to me. They improve my performance over the long term. I am not engaged in reckless trading, I understand the effect of daily magnification of an indexs price movement, and benefit from this magnification.
I do not need or want a third party evaluating my ability to manage leveraged funds, and certainly do not want one preventing me from buying them.
If leveraged funds are restricted to accredited or wealthy investors only, the wealth gap in the country will increase as the rich get richer in sophisticated products while average investors fall futher behind in plain old index funds.
Please keep leveraged funds available to all investors.