Rick Segerstrom Comment On Regulatory Notice 22-08
rick segerstrom
N/A
To whom it may concern. Leveraged and inversed funds are an important hedge in any stock traders bag of tools. Without them, traders could be left without important hedges. Charlie Munger of Berkshire Hathaway recently said; 'We have people who know nothing about stocks being advised by people who know even less.' He is correct in the implication is that if you're going to regulate who can use leveraged and inverse funds, you should regulate ALL consumers who trade ALL stocks and mutual funds. The vast majority of amateur traders have no idea about stock valuations, but they do understand risks and probabilities, just as they do inverse and leveraged funds.
Rick Segerstrom Comment On Regulatory Notice 22-08
To whom it may concern. Leveraged and inversed funds are an important hedge in any stock traders bag of tools. Without them, traders could be left without important hedges. Charlie Munger of Berkshire Hathaway recently said; 'We have people who know nothing about stocks being advised by people who know even less.' He is correct in the implication is that if you're going to regulate who can use leveraged and inverse funds, you should regulate ALL consumers who trade ALL stocks and mutual funds. The vast majority of amateur traders have no idea about stock valuations, but they do understand risks and probabilities, just as they do inverse and leveraged funds.