We should be able to choose the investments that are right for us. Being a free country, public investments should be available to all the public, not just the privileged. It is the liquidity of public investments and various investment products that keep the money flow and grow in the striving market.
We shouldn't have to go through any special process like passing a test before you can invest in public securities, like leveraged and inverse funds.
Especially in this bear market, I've been using the inverse funds or options to hedge my long position, keeping me from pulling money out of the market. My inverse option position is only a small portion of my portfolio.
Wai Yong Comment On Regulatory Notice 22-08
We should be able to choose the investments that are right for us. Being a free country, public investments should be available to all the public, not just the privileged. It is the liquidity of public investments and various investment products that keep the money flow and grow in the striving market.
We shouldn't have to go through any special process like passing a test before you can invest in public securities, like leveraged and inverse funds.
Especially in this bear market, I've been using the inverse funds or options to hedge my long position, keeping me from pulling money out of the market. My inverse option position is only a small portion of my portfolio.