To Whom it May Concern:
Leveraged investments have been a critical PORTION of my overall portfolio and long term strategy for years. While not the smoothest of rides it is a leveraged investment strategy based on the SP500 and US Treasuries and moves correspondingly with market movements of what I think one would agree are very sound investments. To end this option by a well-intended, but mis-guided, regulation change would potentially force a sale at a time when either or both markets are in a down state, thus destroying a substantial portion of my portfolio through no action of my own and on a timing that I did not inititate. I am a long term investor.
I have other savings invested with more conventional strategies, a 401k through my workplace, and I will retire with a pension and social security, so this is not my entire savings or retirement money at play, but a significant enough portion that I want to protect the leverage strategy and to continue to let it work to enhance my total portfolio return after having a major loss of my net worth due to a divorce. My strategy has been backtested to the 1970's so I have high confidence in it. I have been licensed in Series 6 and 63 Securities and am pursuing a CPF certification, but most of what I know about investing I have learned from self study and investment giants such as Benjamin Graham and Burton Malkiel. One should not have to pass any test in order to participate in a free market and a free economy. Especially one as sound as the US market of US securities and bonds.
Rather than assaulting seasoned investors with REAL investments in REAL assets please turn your attention to the "smoke and mirrors" that are deceiving millions of young, inexperienced new investors who have been taken in by the easy money lure of Bitcoin and other crypto currencies. THAT is where you should be putting your attention first and foremost in outlawing "dark" money and "dark" currency. I was shocked that Fidelity is planning to allow crypto in their lineup soon.
And please also pursue de-listing of any company's stock that does not meet US standards for accounting and financial reporting (I'm looking at you China).
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Marc Watson Comment On Regulatory Notice 22-08
To Whom it May Concern:
Leveraged investments have been a critical PORTION of my overall portfolio and long term strategy for years. While not the smoothest of rides it is a leveraged investment strategy based on the SP500 and US Treasuries and moves correspondingly with market movements of what I think one would agree are very sound investments. To end this option by a well-intended, but mis-guided, regulation change would potentially force a sale at a time when either or both markets are in a down state, thus destroying a substantial portion of my portfolio through no action of my own and on a timing that I did not inititate. I am a long term investor.
I have other savings invested with more conventional strategies, a 401k through my workplace, and I will retire with a pension and social security, so this is not my entire savings or retirement money at play, but a significant enough portion that I want to protect the leverage strategy and to continue to let it work to enhance my total portfolio return after having a major loss of my net worth due to a divorce. My strategy has been backtested to the 1970's so I have high confidence in it. I have been licensed in Series 6 and 63 Securities and am pursuing a CPF certification, but most of what I know about investing I have learned from self study and investment giants such as Benjamin Graham and Burton Malkiel. One should not have to pass any test in order to participate in a free market and a free economy. Especially one as sound as the US market of US securities and bonds.
Rather than assaulting seasoned investors with REAL investments in REAL assets please turn your attention to the "smoke and mirrors" that are deceiving millions of young, inexperienced new investors who have been taken in by the easy money lure of Bitcoin and other crypto currencies. THAT is where you should be putting your attention first and foremost in outlawing "dark" money and "dark" currency. I was shocked that Fidelity is planning to allow crypto in their lineup soon.
And please also pursue de-listing of any company's stock that does not meet US standards for accounting and financial reporting (I'm looking at you China).