My name is YuMing To. I am writing to oppose limitations on my investments. I am a knowledgeable investor who actively manage my investment portfolio prudently. I assess risk carefully and do the investment based on my risk tolerance. I should have the freedom to choose the public investments that are right for me and my family in order to achieve long-term financial security. Leveraged and inverse funds (L & I funds) are very important to me as they allow me to protect my investments or seek enhanced returns. As I read the prospectus of L & I funds regularly, I fully understand the characteristics and the financial risks of these funds. After a detail analysis, I am willing to add these funds to become part of my assets allocation in order to balance my investment portfolio.
I thoroughly understand L&I fund is one type of Bear Funds. It pursues daily leveraged investment objective that is inverse to the performance of its underlying index. It has high volatility because it seeks daily leveraged investment results and may lose more money in market conditions that are adverse to its investment objective. Nevertheless, I frequently study financial articles and monitor the performance of these funds daily as I log into my brokerage account several times a day to make a sensible decision when to buy and when to sell. I use a spreadsheet to calculate profit and loss from these funds multiple times a day. The results from this calculation and my risk tolerance allow me to determine a sensible time to trade this fund. As I frequently analyze my portfolio performance, I believe tests or criteria to determine investor understanding are subjective and could lead to unfair or even discriminatory treatment of investors.
I frequently receive warning messages from the brokerage firm as well as the disclosure of the Prospectus telling me the potential risks involved when investing in L & I Funds. I have the right to decide which public equities, bonds and funds I want to buy. I fully understand the risk involved and I believe I can tolerate it. I am convinced this fund is an excellent investment vessel for me to balance my portfolio. As I have the knowledge, skill set and the ability to analyze the L & I funds and their performance characteristics, I don't want regulators or brokers approval to determine what public securities I can and cannot invest in. I believe my prior experience in trading L&I Funds should automatically qualify me to continue trading L&I Funds. Please give me the freedom to make my own investment decision that helps me to achieve long-term financial security.
YuMing To Comment On Regulatory Notice 22-08
My name is YuMing To. I am writing to oppose limitations on my investments. I am a knowledgeable investor who actively manage my investment portfolio prudently. I assess risk carefully and do the investment based on my risk tolerance. I should have the freedom to choose the public investments that are right for me and my family in order to achieve long-term financial security. Leveraged and inverse funds (L & I funds) are very important to me as they allow me to protect my investments or seek enhanced returns. As I read the prospectus of L & I funds regularly, I fully understand the characteristics and the financial risks of these funds. After a detail analysis, I am willing to add these funds to become part of my assets allocation in order to balance my investment portfolio.
I thoroughly understand L&I fund is one type of Bear Funds. It pursues daily leveraged investment objective that is inverse to the performance of its underlying index. It has high volatility because it seeks daily leveraged investment results and may lose more money in market conditions that are adverse to its investment objective. Nevertheless, I frequently study financial articles and monitor the performance of these funds daily as I log into my brokerage account several times a day to make a sensible decision when to buy and when to sell. I use a spreadsheet to calculate profit and loss from these funds multiple times a day. The results from this calculation and my risk tolerance allow me to determine a sensible time to trade this fund. As I frequently analyze my portfolio performance, I believe tests or criteria to determine investor understanding are subjective and could lead to unfair or even discriminatory treatment of investors.
I frequently receive warning messages from the brokerage firm as well as the disclosure of the Prospectus telling me the potential risks involved when investing in L & I Funds. I have the right to decide which public equities, bonds and funds I want to buy. I fully understand the risk involved and I believe I can tolerate it. I am convinced this fund is an excellent investment vessel for me to balance my portfolio. As I have the knowledge, skill set and the ability to analyze the L & I funds and their performance characteristics, I don't want regulators or brokers approval to determine what public securities I can and cannot invest in. I believe my prior experience in trading L&I Funds should automatically qualify me to continue trading L&I Funds. Please give me the freedom to make my own investment decision that helps me to achieve long-term financial security.