I am not a broker. (1) It is arrogant to tell me or any other person what investments he can make. I assess my own risk. You know nothing about my risk tolerance. (2) I know my limitations. I understand the basic concepts of leveraged and inverse funds. I let the managers of these funds do their job, just like any other mutual fund or stock. (3) My leveraged and inverse fund are a minor part of my investment strategy to hedge against market downturns.It is the most economical way for my to hedge.. (4) Big government has run-a-muck. Do not tell me or anyone else how to manage their own finances.
Hugh Hudson Comment On Regulatory Notice 22-08
I am not a broker. (1) It is arrogant to tell me or any other person what investments he can make. I assess my own risk. You know nothing about my risk tolerance. (2) I know my limitations. I understand the basic concepts of leveraged and inverse funds. I let the managers of these funds do their job, just like any other mutual fund or stock. (3) My leveraged and inverse fund are a minor part of my investment strategy to hedge against market downturns.It is the most economical way for my to hedge.. (4) Big government has run-a-muck. Do not tell me or anyone else how to manage their own finances.