I understand that regulations being considered by FINRA might impact my ability to invest in leveraged funds or place an unnecessary burden on being able to do so. I have been managing my portfolio for only a few years now and am on a fast learning curve. Investing in a triple leveraged index fund was not such a hard decision and I put less than 5% of my total wealth in it. I've made bigger mistakes than that! I don't understand why FINRA would do this when we investing in cryptocurrency, meme stocks and other risky assets are much scarier in my opinion. I find the proposal quite baffling and quite a restriction on individual freedoms.
Noel Brennan Comment On Regulatory Notice 22-08
I understand that regulations being considered by FINRA might impact my ability to invest in leveraged funds or place an unnecessary burden on being able to do so. I have been managing my portfolio for only a few years now and am on a fast learning curve. Investing in a triple leveraged index fund was not such a hard decision and I put less than 5% of my total wealth in it. I've made bigger mistakes than that! I don't understand why FINRA would do this when we investing in cryptocurrency, meme stocks and other risky assets are much scarier in my opinion. I find the proposal quite baffling and quite a restriction on individual freedoms.