I have spent 50 years perfecting my investment process both personally and for clients. I managed to survive and flourish through 8-9 bear markets. I accomplish this by using the most broadest of diversifications including being able to sell short markets. Inverse etfs including leveraged ones are important tools to have in the tool box to accomplish this. they are convenient and in many ways reduce the risk that one would have to undertake using options or individual stocks, if one wanted to hedge. they are also great tax planning tools allowing the investor to remain invested in long term, low cost basis stocks while reducing the risk in uncomfortable or volatile markets.
John Cioffi Comment On Regulatory Notice 22-08
I have spent 50 years perfecting my investment process both personally and for clients. I managed to survive and flourish through 8-9 bear markets. I accomplish this by using the most broadest of diversifications including being able to sell short markets. Inverse etfs including leveraged ones are important tools to have in the tool box to accomplish this. they are convenient and in many ways reduce the risk that one would have to undertake using options or individual stocks, if one wanted to hedge. they are also great tax planning tools allowing the investor to remain invested in long term, low cost basis stocks while reducing the risk in uncomfortable or volatile markets.