I personally own triple leveraged funds like tqqq and upro for long term investment. 1) I hope the NetWorth requirement is not set too high. Leveraged fund should not be limited to high NetWorth people only. It's more important to make sure fund operators are well capitalized and have expertise to handle stress scenarios like big down day or prolonged recession.
Jay Miao Comment On Regulatory Notice 22-08
I personally own triple leveraged funds like tqqq and upro for long term investment. 1) I hope the NetWorth requirement is not set too high. Leveraged fund should not be limited to high NetWorth people only. It's more important to make sure fund operators are well capitalized and have expertise to handle stress scenarios like big down day or prolonged recession.