Leveraged and inverse funds are important to my investment strategy. As someone who cannot invest a large portion of my income, these funds give me the leverage I need to maintain an appropriate growth rate to be able to retire in the future. I have been investing in these types of funds for years and am well associated with the risks. I did dozens of hours of research before I ever invested a penny in them. I am especially opposed to the "cool off periods" and demonstration of high net worth to trade these securities. I understand the regulation of financial markets is essential to the health of markets, but people must also take personal responsibility of their own choices and financial future.
Cole Heggem Comment On Regulatory Notice 22-08
Leveraged and inverse funds are important to my investment strategy. As someone who cannot invest a large portion of my income, these funds give me the leverage I need to maintain an appropriate growth rate to be able to retire in the future. I have been investing in these types of funds for years and am well associated with the risks. I did dozens of hours of research before I ever invested a penny in them. I am especially opposed to the "cool off periods" and demonstration of high net worth to trade these securities. I understand the regulation of financial markets is essential to the health of markets, but people must also take personal responsibility of their own choices and financial future.