Dear FINRA REGULATORS:
As a registered rep. for Hornblower & Weeks at 40 Wall, NYC, in 1960 and later at their uptown offices on Park Avenue at 50th, I became a devotee of Elliot Wave Theory and Edwards and Magee's Tech Stock studies. I had several times visited the packed, busy floor of the NY Stock Exchange on Broad Street, which today is virtually barren of human life.
Let me invest the way I want.
Hello, I run a quarterly rebalancing plan for my retirement that relies in part on leveraged ETFs. I have been using this system for several years now, but following its evolution for over a decade. The system is run by investor/author Jason Kelly and it's called the 3% Signal: https://jasonkelly.com/books/3sig/
Removing my access to leveraged ETFs because I don't have a $1
I need NO ONE telling me how to handle my investments.
Greetings,
I run a systematic quarterly rebalancing plan that is powered by leveraged ETFs. I know what I am doing, understand the risks (and benefits), and as such, the proper use of these leveraged products is a key part of my financial plan.
These funds are important to my plan; they improve my performance over the long haul. I am not engaged in reckless trading. I understand the effect of
My investment strategy uses a systematic rebalancing of ETFs, some of which are leveraged ETFs. I fully understand the risks of these leveraged ETFs, but with a disciplined quarterly plan of selling when gains have exceeded a threshold and buying when losses have exceeded a threshold, the greater volatility of these leveraged ETFs produce better performance over the long term.
I am not a Day
I am absolutely oppose limitations on my ability to invest in ANY equities whether they be leverage/inverse, crypto, volatility-linked funds or any other instrument that I am able to freely invest in today.
If you want investors to limit their risks in any investment, ensure that brokers have educational materials on their websites when someone attempts to buy into what might be considered higher
I oppose restrictions on my right to invest
I oppose the regulatory requirement proposed by FINRA, in particular a cooling off period and net worth requirement. I currently used leveraged ETFs to enhance returns (fully understanding the downside risks) and I use them as a limited part of my overall portfolio. I'm fully capable of understanding leveraged and inverse leveraged funds and their risks. If FINRA imposes regulations,
Investing began for the everyday person to own part of a company while helping to fund it's growth. All these proposed "little laws" that are created to create a bigger chasm between the rich and the not so rich, just reveal how transparently you try to keep the people" down.
Investing is a personal choice. Stop trying to keep my financial situation in dire
