I oppose limits on investing in leveraged instruments. I do so on both the long and short side, and also use options. I understand the risks and limits. If you impair these instruments you will be impairing my ability to generate extra income while hedging long exposure to my portfolio and economic risks (e.g., selling cash covered puts on short ETFs). Please stop impairing open investing, and
Please do not limit our ability to invest freely in the way we choose. We shouldnt have to jump through hoops such as qualifications and tests in order to invest/trade.
Over many many years Ive developed very rigorous risk management processes, which is part of any investors journey in the market. Dont penalize those of us who have good risk management because an uneducated few choose to invest
In no way would I recommend anyone to vote to accept government restrictions on my investing. I am not a wealthy person, and I have no specialized or ultra-sophisticated trading systems. But I was able to limit the extent of my draw-downs by using ProShares Inverse funds to limit my down-side risk in both the 2000-2003 AND 2008-2009 market drops.
Government restrictions that limit my ability to
I, like many others, am fully capable of understanding market risks and specific investment risks of leveraged and inverse funds. I am capable of doing research, understanding risks, and making a decision on whether to invest. The decision should not be taken away from me or anyone else. If people are allowed to freely buy lottery tickets then so should anyone be allowed to invest in any
Dear FINRA officers: I am a small individual stock/ETF investor, and I would like to share my opinion with you about the opportunities to trade ETFs, including those leverage and inverse funds such as my favorites: TQQQ and SQQQ, etc. Both of my funds and experiences are limited, but I still benefited from trading ETFs in the market. I understand the risks it may involve in trading, and I don
The "big guys" have enough power and tools already to influence the actions of the stock market and I believe in many cases individual stocks. It's important that individual investors have the ability to invest, or trade, leveraged investments and inverse funds to achieve their portfolio objectives. These vehicles allow specific sector investing, regardless of the
Comments: I've been using leveraged ETFs for many years and am well aware of the added risk. My experience is that the risk of the leveraged vehicle is not much different than investing in individual stocks. It is easy find examples of stocks that are far more volatile than the leveraged product. For example, a two year chart of ROKU with TECL would show that the leveraged ETF was a much
Comments on Regulatory Notice 22-08 I am a self-directed retail user of investing products that is approaching retirement. I do not have a finance background per se, but I have a PhD in engineering with a career revolving around probabilistic risk assessment, and financial concepts translate well. I am not necessarily representative of the “typical” self-directed investor that the regulatory
I strongly oppose this proposed rule. Having managed my own investments for years, I am well aware of the dangers and potential benefits of leveraged and inverse funds. They have been an important part of my investment portfolio for years. I choose to manage my own risk subject to my own investing objectives, and deeply oppose the government regulators trying to manage them for me and others
Dear FINRA, First, let me introduce myself. I am Nathan Ayotte, and I am an individual investor with personal goals of acquiring a large average annual compound rate of return each year. Personally, I have been investing in a particular triple-leveraged ETF fund based on the Nasdaq-100 (Ticker: TQQQ) for 4 years, provided by an asset management company called ProShares. The fund is a fantastic,
