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.
Ryan Milgrim Comment On Regulatory Notice 22-08
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.