I have made over $700,000 investing in inverse and ultra funds over the last two years. I'm a highly educated investor and use the Elliott wave methodology to invest. I'm retired and have no other source of income. I couldn't make this type of return if I invested in individual stocks and bonds. In a down market, which we are in currently, I use inverse funds to make money instead of investing in bonds which you can lose money in. If you invest in inverse and ultra funds and don't know what you are doing, it will be a quick lesson and you mostly likely won't ever do it again. Please don't punish people who know how to invest in inverse and ultra funds. Are you going to stop people from investing in Bitcoin which is highly volatile? Are you going to stop people from investing in dividend stocks which you may get a dividend but you can lose your principal during down markets of if the company has poor earnings? Are you going to stop people from investing in the overall markets so they don't lose money when the next big crash happens? We're already in a bear market and this bear is going down farther than in 2008.
Jamie Brown Comment On Regulatory Notice 22-08
I have made over $700,000 investing in inverse and ultra funds over the last two years. I'm a highly educated investor and use the Elliott wave methodology to invest. I'm retired and have no other source of income. I couldn't make this type of return if I invested in individual stocks and bonds. In a down market, which we are in currently, I use inverse funds to make money instead of investing in bonds which you can lose money in. If you invest in inverse and ultra funds and don't know what you are doing, it will be a quick lesson and you mostly likely won't ever do it again. Please don't punish people who know how to invest in inverse and ultra funds. Are you going to stop people from investing in Bitcoin which is highly volatile? Are you going to stop people from investing in dividend stocks which you may get a dividend but you can lose your principal during down markets of if the company has poor earnings? Are you going to stop people from investing in the overall markets so they don't lose money when the next big crash happens? We're already in a bear market and this bear is going down farther than in 2008.