Austin McFarland Comment On Regulatory Notice 22-08
Austin McFarland
N/A
I have used leveraged funds as powerful tools to hedge my portfolio and take advantage of certain periods in the market. In fact, I saved for my house down payment using a leveraged ETF and Im pretty sure its the only way I would have afforded a down payment as a first time homebuyer.
I think its already ridiculous small investors like myself cant invest in private companies just because were not rich - now theres another area of the market Ill be locked out of just because Im not wealthy?
I understand the sentiment that some investors shouldnt be playing with leveraged funds and gambling in the market. But individuals should be allowed to make their own financial decisions - not a politician in Washington. Leveraged funds already contain a plethora of warnings on them. These are sufficient.
Austin McFarland Comment On Regulatory Notice 22-08
I have used leveraged funds as powerful tools to hedge my portfolio and take advantage of certain periods in the market. In fact, I saved for my house down payment using a leveraged ETF and Im pretty sure its the only way I would have afforded a down payment as a first time homebuyer.
I think its already ridiculous small investors like myself cant invest in private companies just because were not rich - now theres another area of the market Ill be locked out of just because Im not wealthy?
I understand the sentiment that some investors shouldnt be playing with leveraged funds and gambling in the market. But individuals should be allowed to make their own financial decisions - not a politician in Washington. Leveraged funds already contain a plethora of warnings on them. These are sufficient.