At 64 years of age, holding 7 professional certifications & having experience in industrial, education, medical, law, & CPA/Financial Planning fields, I feel I am more than qualified to control & invest my retirement funds as I see fit! I DON'T need FIRA to "save" me from myself! The option to invest in PUBLICLY traded funds should
Hello, I run a quarterly rebalancing plan for my retirement that relies in part on leveraged ETFs. I have been using this system for several years now, but following its evolution for over a decade. The system is run by investor/author Jason Kelly and it's called the 3% Signal: https://jasonkelly.com/books/3sig/
Removing my access to leveraged ETFs because I don't have a $1
I, and investors like me, are fully capable of reading and comprehending the prospectus of any ETF, leveraged or otherwise, and making a decision about how to invest our own money in these products. This is a decision that I(we) should be in charge of. Period.
Primarily, I use leveraged index funds to enhance the long term returns on my investments. I do not invest money that I cannot afford to
Classic nanny state, liberal, control the world legislation! Who are you to tell us how to invest our money? Who are you to tell me that I am unable to manage my portfolio in a responsible manner and limit my exposure to riskier investments. FINRA who the heck ELECTED you to do this draconian, over-stepping requirement. Who are you that hasn't already profited from insider knowledge
Limiting investment options is clipping the wings of the myself, an average investor, and many others, allowing those who are already the elite to profit off of a public market that was designed for the benefit of everyone. Leveraged and inverse funds allow every day investors such as myself to take calculated risk based on their investment plan. Restrictions and additional hurdles to jump
Dear regulators,
We need less governmental regulations in our lives today. Not more. The common people like myself should have the ability to invest in all kinds of public securities and leveraged funds just like the high net worth guys.
I am already at a disadvantage. I have no lawyers that spend all their time working for me to avoid paying my taxes. So when I have the opportunity to
FINRA administrator: I am writing to urge you to not infringe on my ability to direct my own investments, particularly regarding inverse or so-called "bear" funds. We have governmental bodies and procedures in place to determine if a person is mentally fit to manage their own affairs. Barring a determination that I am unfit to do so, I should have every right to invest my assets in the
This proposal:
-Hurts Investors: It could potentially deny you the freedom to choose investments that could
help you achieve long-term financial security.
Is Arbitrary and Unworkable: FINRAs definition of complex products is so broad, arbitrary
and vague that it could ensnare a vast number of commonly used public securities. Tests or
URGENTACTION NEEDED BY MAY 9TH
Your ability to freely invest
I express my disapproval of the possible restriction on the ability to invest by myself, it has been a fundamental advance for me to know that I am capable of planning my financial future while learning along the way about how to make my investment systems more efficient. I have been able to empower myself as well as my children, family and friends to learn and apply financial knowledge in asset
Having restrictions on leveraged and inverse funds is completely unnecessary. The public should have full access and control over where their money goes. I believe those who hold such funds fully understand the risk and are not afraid to lose a significant portion of their investments.
As someone in my early 20's, I have leveraged funds as a large portion of my portfolio because I do
