I not regulators should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged. Leveraged and inverse funds are important to my investment strategies. I have used leveraged funds as part of my investment strategy for years. Mostly used with indexes and commodities. My most recent leveraged investment is with SDS, which is up about 20% in the last month. I am out of this fund now but suspect this fund will help save my retirement account when the market tanks later this year. Also back in 2020 when oil went to nearly zero, it was a no brainer to invest in oil. Didn't take a genius to know oil won't stay down for long. I bought 2X UCO fund. I sold it after about 18 months for about 500% gain. It is now up over 1000%. There is no reason to restrict leveraged funds in any way. They are a very useful tool in an investors belt. They are no more risky than any non-leveraged funds. DO NOT RESTRICT LEVERAGED FUNDS.
Dave Yuhas Comment On Regulatory Notice 22-08
I not regulators should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged. Leveraged and inverse funds are important to my investment strategies. I have used leveraged funds as part of my investment strategy for years. Mostly used with indexes and commodities. My most recent leveraged investment is with SDS, which is up about 20% in the last month. I am out of this fund now but suspect this fund will help save my retirement account when the market tanks later this year. Also back in 2020 when oil went to nearly zero, it was a no brainer to invest in oil. Didn't take a genius to know oil won't stay down for long. I bought 2X UCO fund. I sold it after about 18 months for about 500% gain. It is now up over 1000%. There is no reason to restrict leveraged funds in any way. They are a very useful tool in an investors belt. They are no more risky than any non-leveraged funds. DO NOT RESTRICT LEVERAGED FUNDS.