Public investments should be available to all investors, not just the privileged. I am capable to understanding the risks and making decisions on what is best for my portfolio. All financial decisions have risk, including doing nothing. There is sufficient information presently available in a variety of channels to educate the public of the risks which makes this legislation unnecessary and
There is no reason a government body should have visibility to private law abiding citizens investments. It is a direct infringement of the 4th amendment on an individuals right to privacy. The only reason a government wants would to be use it as a political weapon.
To have access to that information an individual should be suspected or charged with a crime and a search warrant issued for access
I am writing as a self managed investor in several of the Proshares leveraged funds. I have invested in these funds for more than 3 years. I visit the Proshares website, read the prospectuses and past fund performance, the degree of leverage being offered and the risks involved. The information provided is comprehensive. I am hereby advocating to keep investments in Proshares leveraged funds
To regulate and restrict those people investing with a smaller amount of start monies while protecting and increasing the growth of dirty monies received by washing and redistributing illegal money, like from politicians who sell votes to the highest bidder or like Pelosi who gets early information known as insider trading, passing it and washing it to become legal.
Leveraged funds are important to my investment strategy. I diversify my investments in the market as a whole and use leveraged funds to boost my returns. If I am able to invest in the S&P, I should be able to leverage that. I am well informed on how the leverage products work including decay. I implore you not to limit my ability to invest as I see fit.
It is very important for an informed and risk aware investor to take calculated risk. While leveraged funds are riskier than traditional stocks, funds, etc, none-the-less, they provide a very crucial diversification alpha to smart investors.
I strongly urge SEC, regulators, Congress, and everyone else involved in restricting the access to leveraged ETFs in retirement accounts.
Instead of creating new regulations that impact individual investors you should focus on making investor education easily accessible. Having a digital library full of the information you want us to know that is easily accessible and having brokers include a link to it within their platforms should be more than sufficient for anyone who wants to learn.
Why do regulators think US citizens are incapable of making their own informed decisions? We should not limit the ability of people to decide how to invest their own money whether it is leveraged funds or any other funds for that matter. We already have access to the prospectuses and can determine what is appropriate for our risk appetite.
Investing in leveraged ETFs is a useful tool for retail investors and has clearly communicated risks and returns. I used them in my early investing days when I was very open to risk and as I have aged I phased out of them. Other people should also have the opportunity to take high risk high reward actions in an informed way.
Comments:leveraged ETFs are investments through legitimate brokers and are described in exquisite detail in their literature. Warnings pop up whenever trying to execute a trade. That should be enough for any investor to be informed completely. Any more is an example of government getting into what should be my private affaires. Please leave the leveraged products alone. Thank You
