Over the years, I have spent thousands of dollars, if not hundreds of thousands of dollars, to buy insurance and rarely received any financial return on them. Those thousands of dollars have gone down the drain although I did acquire peace of mind when I had them. I did not have to consult with anyone or get permission from anyone to buy insurance. That same thinking goes for leveraged and inverse funds. They are a source of insurance for me and provide peace of mind. At least there is a possibility of financial return, unlike my other forms of insurance. We all know how volatile the market can be.
Ruth Carpenter Comment On Regulatory Notice 22-08
Over the years, I have spent thousands of dollars, if not hundreds of thousands of dollars, to buy insurance and rarely received any financial return on them. Those thousands of dollars have gone down the drain although I did acquire peace of mind when I had them. I did not have to consult with anyone or get permission from anyone to buy insurance. That same thinking goes for leveraged and inverse funds. They are a source of insurance for me and provide peace of mind. At least there is a possibility of financial return, unlike my other forms of insurance. We all know how volatile the market can be.