Leveraged ETFs are a great way for people who have less money to have increased exposure to the market. They do have increased risk, but if an investor is willing to accept that risk, they should be allowed to use leveraged funds. I am currently investing in leveraged funds in 10% of my portfolio. It's a small enough amount that if I lose it all, I'll be fine, but if the strategy works out, I'll be able to complete my goal of starting life in the lower economic class and leaving life in the upper class. Please don't take away my economic mobility.
William Lake Comment On Regulatory Notice 22-08
Leveraged ETFs are a great way for people who have less money to have increased exposure to the market. They do have increased risk, but if an investor is willing to accept that risk, they should be allowed to use leveraged funds. I am currently investing in leveraged funds in 10% of my portfolio. It's a small enough amount that if I lose it all, I'll be fine, but if the strategy works out, I'll be able to complete my goal of starting life in the lower economic class and leaving life in the upper class. Please don't take away my economic mobility.