I don't think regulators should be telling me what public investments I can and cannot invest in. I have done well investing in leveraged funds. They should be readily available to everyone, not just the wealthy and connected people. It is a matter of having a level playing field for everyone and should not be restricted (tests, permissions, etc.) unless those same restrictions are placed on everyone. And certainly no broker who gets paid by the investor should be deciding when and where I get to invest. The financial advisory industry has a conflict of interest and should stay out of this. All five of the different paid advisors I have used in my life have lost me money. I have always done better on my own and using leveraged and inverse investments has helped me do that.
Gary Robinson Comment On Regulatory Notice 22-08
I don't think regulators should be telling me what public investments I can and cannot invest in. I have done well investing in leveraged funds. They should be readily available to everyone, not just the wealthy and connected people. It is a matter of having a level playing field for everyone and should not be restricted (tests, permissions, etc.) unless those same restrictions are placed on everyone. And certainly no broker who gets paid by the investor should be deciding when and where I get to invest. The financial advisory industry has a conflict of interest and should stay out of this. All five of the different paid advisors I have used in my life have lost me money. I have always done better on my own and using leveraged and inverse investments has helped me do that.