Do not restrict my ability to use leveraged ETFs.
I am writing this to let it be known that I should be in charge of my retirement investments not the federal government. I have enough knowledge to make these decisions and dont need to pass a test. Inverse and leveraged funds are important to my investment strategy.
I manage my brokerage and retirement accounts. I make all my own investment decisions and execute all trades. Leveraged and inverse ETFs and ETNs are an important part of my investment strategy. I am 70 and have used these kinds of products for over 10 years. I know the risks and rewards of this type of product and I strongly believe no regulator should be trying to restrict my access to these
Stop trying to put so many hurdles in the way of my investing. It's fine to require a disclosure on the part of the broker and an acknowledgment of risk on my part as an investor, but any more than that is just harassment. I'm going to pass all the qualifications you are proposing. I don't need them "protecting" me.
As a small individual investor I use Levered and Inverse-Levered ETFs as part of my hedging strategy when making investments. Without access to these funds I would experience higher costs and considerable difficulty implementing hedging strategies.
I am a long term investor and not a frequent trader. I understand the risks I am taking when I invest in Levered ETFs.
I am capable of understanding the risks inherent to an investment product.
So is this public, this is the crypto age. It isn't like we little people do not know what risk is, and need a paternalistic guiding hand to prevent us from hurting ourselves.
This honestly looks like a bunch of rich old guys cutting the rope ladder to keep everyone else down.
"Leverage for me, but none
There is NO reason at all to limit my abilty to invevest in revers funds of any kind.
You have already outlawed me from using my retirement to sell the market short.
There is NO reason for more limitations on my freedom to invest anyway I fell like investing.
I'm 66 and do all my own retirement investing.
I use the leveraged investments as part of my investment strategy with certain portion of my investment for a long time. I understand there is some risk with the leveraged investments but there are also opportunities in the other hand and it sometimes works to hedge other risks. I believe this strategy should not be limited or barriered by the new rule of the regulators which may affect the
Limiting access to leveraged and inverse funds places qualified individual investors at a further disadvantage to the institutional elite traders, who currently enjoy unprecedented license to manipulate markets, to the detriment of the individual.
Leveraged funds are one of the most accessible tools to enable individuals to hedge against the unseen forces that decimate sound portfolios.
While
We don't need more regulation.
