I strongly believe it is of the utmost importance that the general public be allowed to invest in these publicly available securities. They allow people with smaller amounts of capital to get the exposure they need to the market, and invest for they and their family's future financial well-being. Limiting these investments to professionals or only those with high capital would be class warfare. Those who invest in leveraged funds already view a warning before purchasing the securities, and I fully understand and accept the risks I assume by investing in them. They are a limited portion of my portfolio that I use to seek higher than market returns. They are an extremely important part of my investment strategy. Not being able to invest in these funds would have severely limited the growth of my portfolio during certain timeframes. Imposing these restrictions on these funds is unnecessary and unacceptable, and would amount to a financial literacy test that could cut out retail investors who put their hard-earned money to work in the markets to earn financial security and independence, and pursue happiness.
Ryan Vahey Comment On Regulatory Notice 22-08
I strongly believe it is of the utmost importance that the general public be allowed to invest in these publicly available securities. They allow people with smaller amounts of capital to get the exposure they need to the market, and invest for they and their family's future financial well-being. Limiting these investments to professionals or only those with high capital would be class warfare. Those who invest in leveraged funds already view a warning before purchasing the securities, and I fully understand and accept the risks I assume by investing in them. They are a limited portion of my portfolio that I use to seek higher than market returns. They are an extremely important part of my investment strategy. Not being able to invest in these funds would have severely limited the growth of my portfolio during certain timeframes. Imposing these restrictions on these funds is unnecessary and unacceptable, and would amount to a financial literacy test that could cut out retail investors who put their hard-earned money to work in the markets to earn financial security and independence, and pursue happiness.