Hussein Abdulrasool Comment On Regulatory Notice 22-08
Hussein Abdulrasool
N/A
I strongly oppose any restriction placed on my ability to buy leveraged ETFs. I am a "smart" Retail investor who has done his homework, understand the risks and volatility that come with these leveraged ETFs and I want to be able to continue buying them.
They have given me sizeable gains over the long term.
Trading using margin or options is much more riskier. Options have expiry dates and you go broke. Using margin guarantees you will go broke, because the broker will sell your stocks at the worst possible time.
I should have equal opportunity to choose public investments that are best for my family. Public investments should be available to everyone, not just the privileged.
Hussein Abdulrasool Comment On Regulatory Notice 22-08
I strongly oppose any restriction placed on my ability to buy leveraged ETFs. I am a "smart" Retail investor who has done his homework, understand the risks and volatility that come with these leveraged ETFs and I want to be able to continue buying them.
They have given me sizeable gains over the long term.
Trading using margin or options is much more riskier. Options have expiry dates and you go broke. Using margin guarantees you will go broke, because the broker will sell your stocks at the worst possible time.
I should have equal opportunity to choose public investments that are best for my family. Public investments should be available to everyone, not just the privileged.
Thank you!