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Ryan Milgrim Comment On Regulatory Notice 22-08

Ryan Milgrim
N/A

I am a CFA charter holder and 25 years old, I hold a diverse portfolio within my company 401k plan which aligns itself with industry standard long term investing portfolios. The amount I place in my 401k is appropriate to ensure that I retire with adequate resources, even when using conservative forward looking estimates on asset class returns.

I consider my investment in UPRO and TQQQ to be aspirational capital. This investment may be risky, however, I am not gambling my retirement on it, my retirement is quite safe within my 401k which receives a % of annual salary and match. If you would like to ensure a higher level of competence before making these types of investments I can understand, however, please ensure that a young investor is able to participate in these types of investments where they would normally be excluded from as we fail to be accredited investors.