Individuals should be able to decide how they invest their money. leveraged ETFs are not nearly as bad as investing in "meme stocks" or options trading. Regulating buying ETFs at the start of a bear market is irresponsible and likely something to make people sell their ETFs at a loss.
I want my 3X Leveraged ETFs. I understand that they are very volatile. I experienced the 2020 downturn and the current one. Yet, my stock portfolio is still positive and I'm carrying a very healthy profit. Don't take my leveraged ETFs away.
I strongly object to further regulation of investors to buy leverage and inverse funds.
I rely on these funds to protect against the fall in value of my stock investments that I do not wish to sell in down markets.
I don't need more regulations to make investment decisions!!
Regulating leveraged ETF's is a terrible idea. Leveraged ETF's are a important financial tool that retail investors can use to get returns like professional investors. Regulating them will hurt retail investors and restrict access to an important part of the stock market.
I use leveraged ETF's to meet my stock market % goal, while tying up less of my capital. I can therefore generate greater income by having more capital for income oriented investments. I understand the risks and use them appropriately.
I have been trading 3X ETFs for over 12 years. One should have the prerogative to trade as one wants. There are many other risker investing besides 3X such as penny stocks, options, futures etc leave 3X investing to the investor!
I likely would not fit your thoughts of high net worth. But I have traded form the floor of a stock exchange for 20 years in my life. I think it should be up to me and my broker, not you to see what is fit for me to invest in.
This is unfair for ppl who can long term invest for fair priced etfs which is composite of high priced stocks , so dont be selective in who can invest and let middle class income ppl also make a money by investing
FIRNA reps: I invest in leveraged etfs and inverse etfs, along with mutual funds and individual stocks. All these investment vehicles allow me to invest as I wish depending on my needs. The consumers should have more vehicles to invest, never less.
What are you trying to do anyway take people's rights away to buy stocks on the open market? Do you want to make it so just the insiders and the politicians get first choice and buyers like me get the left-over crumbs!
