I am a retiree living on the income from my investments. Federal Reserve policy has all but stripped me of the ability to invest simply (bonds) to achieve reasonable returns to cover my living expenses. I rely on leverage in equity funds to make the returns I need. I'm required to be more sophisticated as an investor because of federal policy that ignores my needs coupled with predatory taxation. We DON'T NEED FURTHER BURDEN ON RETIREE INVESTORS.
Stephen Kiely Comment On Regulatory Notice 22-08
I am a retiree living on the income from my investments. Federal Reserve policy has all but stripped me of the ability to invest simply (bonds) to achieve reasonable returns to cover my living expenses. I rely on leverage in equity funds to make the returns I need. I'm required to be more sophisticated as an investor because of federal policy that ignores my needs coupled with predatory taxation. We DON'T NEED FURTHER BURDEN ON RETIREE INVESTORS.