I am a young investor with a growing income but not a lot to invest right now. I use leveraged ETFs as part of a long-term strategy to gain more exposure to the US stock market now, when I don't have a lot to invest.
This allows me to, in the long term, reduce my risk from Sequence of Returns risk. This is a considered strategy I am pursuing, not a short-sighted gamble. Please allow low-net worth investors to continue investing in products such as UPRO (3X S&P 500) and TMF (3X long-term treasuries).
Thomas Kirk Comment On Regulatory Notice 22-08
I am a young investor with a growing income but not a lot to invest right now. I use leveraged ETFs as part of a long-term strategy to gain more exposure to the US stock market now, when I don't have a lot to invest.
This allows me to, in the long term, reduce my risk from Sequence of Returns risk. This is a considered strategy I am pursuing, not a short-sighted gamble. Please allow low-net worth investors to continue investing in products such as UPRO (3X S&P 500) and TMF (3X long-term treasuries).