I am a small, individual investor, an academic by profession. For the past twenty years I have had a portion of my retirement investments (about 10%) in a leveraged fund at Profunds. The market goes up and down, but this investment has been good to me. I strongly oppose restrictions to my right and ability to easily invest in such funds. I not regulators should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged.
I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. After doing it successfully and carefully for twenty years, I believe I'm capable of understanding leveraged and inverse funds and their risks. I do not need these measures imposed on me.
Sincerely,
Ron Donagi
Thomas A Scott Professor of Mathematics
Professor of Physics
Mathematics Graduate Chair
University of Pennsylvania
Ron Donagi Comment On Regulatory Notice 22-08
I am a small, individual investor, an academic by profession. For the past twenty years I have had a portion of my retirement investments (about 10%) in a leveraged fund at Profunds. The market goes up and down, but this investment has been good to me. I strongly oppose restrictions to my right and ability to easily invest in such funds. I not regulators should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged.
I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. After doing it successfully and carefully for twenty years, I believe I'm capable of understanding leveraged and inverse funds and their risks. I do not need these measures imposed on me.
Sincerely,
Ron Donagi
Thomas A Scott Professor of Mathematics
Professor of Physics
Mathematics Graduate Chair
University of Pennsylvania