I should have the right to invest money as I see fit. I use SSO and cash positions to help me automatically balance my investments. Since SSO is approximately 2*SPDR, I put 1/2 in SSO and 1/2 in cash. This is basically equivalent to SPDR. BUT, if the market goes down, more ends up in the cash position, and if the market goes up, more ends up in the index position. This way I don't have to manually balance as often. I have done this for about 15 years and it has worked out very well.
Philip Brown Comment On Regulatory Notice 22-08
I should have the right to invest money as I see fit. I use SSO and cash positions to help me automatically balance my investments. Since SSO is approximately 2*SPDR, I put 1/2 in SSO and 1/2 in cash. This is basically equivalent to SPDR. BUT, if the market goes down, more ends up in the cash position, and if the market goes up, more ends up in the index position. This way I don't have to manually balance as often. I have done this for about 15 years and it has worked out very well.