Skip to main content

David Kolstad Comment On Regulatory Notice 22-08

David Kolstad
N/A

Please don't interfere with a person's choices of investments by imposing requirements on them to make them conform to some standard that seems right to you.
I have found that trust administrators refuse to allow cash to go into leveraged funds, yet for me the returns on money I manage for myself have far exceeded anything they have been able to deliver. They provide the bulk of my retirement account, and there isn't any reason why attempting daily to beat the market should be any different than any other strategy people may choose to follow.
It is not your place to protect people from themselves; in fact, my personal experience should that it isn't needed either.