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John Tootle Comment On Regulatory Notice 22-08

John Tootle
N/A

To Whom It May Concern:

I manage a number of family investment portfolios. I am a CPA, Attorney and Computer Scientist. I have been investing in stocks and bonds for approximately 56 years.

I prefer leveraged inverse funds (LIFs) to Stock Options to hedge short-term market volatility.

1. They are liquid
2. I can match a group of equity holdings needed to be hedged.
3. Less risky than Stock Options.
4. I use SDS and SDP to quickly offset my long-term holdings with gains rather than sell stock when I foresee short-term volatility in the market.
5. Can better match and target my hedges (risks) than with options.
6. LIFs offer me an important investment tool to stabilize my portfolio with straightforward offset and exposure risk.