Use of inverse funds is a method of protecting a portfolio from decline that is crucial to retired investors such as myself.
Since early March I have used inverse funds as a hedge to protect my long positions in my retirement accounts. The other options would be cash which would be decimated by inflation or hold and pray we do not have another dot com lost decade where inflation AND no positive returns would dramatically reduce my standard of living.
Please do not restrict my access to these trading vehicles.
Peter Bloom Comment On Regulatory Notice 22-08
Dear Sir/Madam,
Use of inverse funds is a method of protecting a portfolio from decline that is crucial to retired investors such as myself.
Since early March I have used inverse funds as a hedge to protect my long positions in my retirement accounts. The other options would be cash which would be decimated by inflation or hold and pray we do not have another dot com lost decade where inflation AND no positive returns would dramatically reduce my standard of living.
Please do not restrict my access to these trading vehicles.
Sincerely,
Peter C Bloom