I am a simple accountant from Long Island, NY. I have been investing in inverse ETF's for 13 years. In 2009 I left a low paying job as a tax auditor for the Pennsylvania Department of Revenue. They cashed out my accrued pension benefits, which were worth $6,500. I deposited this money into a traditional IRA rollover account with a broker in February 2009. I invested 20% of the
The investor should be responsible for making their investment decisions not some official. Leverage funds have great risk and thats a risk I am willing to take. All investments have risk, Enron collapsed, was a risk. A normal stock shows a miss on earnings and drops 30%, Netflix lost a small number of total customers and drops 40%. Can you protect all my investments, no, nor should you.
Leveraged ETFs and options can help investors reduce their risk and be a great tool when used properly. In many cases, these tools can reduce an investors risk overall portfolio risk. To exclude their use by everyday investors is to put many of them at a disadvantage and possibly an even more at risk position. Simply buying and holding individual stocks can be much more risky, and the equities
As an educated & well-researched "retail" investor, I find this legislation incredibly insulting. The condescending essence of the idea that I am not capable of understanding the risks of leveraged and inverse ETFs is disgusting. Such ETFs have allowed me to outperform the major indexes through the bear market we are currently going through, and without access to them retail
Retail investor like me should have the equal right to choose in public investment like leveraged/inverse ETF as it is very important investment strategy for me. I should not have to go through the special process like passing test. As long as I understand the risk and agree to willing to take risk, I should be able to do it. If this right of mine is going to taken away due to high risk of
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The NASD requests comments on the compensation arrangements for investment advisory activities of registered representatives who are also registered as investment advisers and are conducting
I oppose restrictions on my right to invest in public investments.
By creating restrictions to these investments, only the priviledged will be able to choose these investments. This is comletely unfair.
I have used leverage and inverse funds for probably at least a decade and they play a role in my investments strategies. I understand the risks involved, and these investments have been a
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While it is commendable to protect investors from undue risk, it is my belief that leveraged ETFs--with their risks, such as volatility decay, properly understood--can have their place in a well-managed portfolio. I use these products as a small percentage of my portfolio, but believe they serve an important function in helping me control my overall level of leverage while not taking on more risk
I should be able to choose public investments that are right for me, and these investments should be available to all of the public. I should not have to go through a special process or test to invest in inverse and leveraged funds. I understand their risks well - information on them is widely available. Leveraged and inverse funds are an important part of my investing approach, allowing me to