I taught myself how to invest by reading and learning from the experts. I don't need an agency telling what I should or shouldn't invest I'm smart enough to limit my risk when I'm investing.
I have enough net worth, risk taking capability and knowledge to trade complex securities. Everyone should have the right to trade in a free market. Not sure who you think is stupid to not be able to trade.
I manage my IRA in a Schwab account and without the ability to short utilize inverse ETF's to help hedge in this bearish environment. I have been trading for a number of years and am aware of the risk of leveraged ETF's and stick with single leverage products.
I oppose restrictions to my right to invest in leveraged and invest funds as I am well aware of the risks involved in investing in these funds and capable of managing such type of funds. By restricting to invest, it questions my rights to access the markets.
The fund I use is an important tool for me. From my point of view you are trying to fix something that is not broken. In a free country, one should be able to choose their own investments and be responsible for the risk themselves. My input is that there be no restrictions on these securities.
I understand leverage and inverse funds and risks associated with funds. I found that these funds are working well for hedging against my long term investments for me. So please allow individual investors to have that funds available.
My investments are my own choice. I interact with these investment options with a full knowledge of their potential risks. There is more than sufficient information available to the average investor to ensure full comprehension of these vehicles. Do not restrict this accessibility.
I have used ProShares as a hedge against market declines many times. It actually lowers risk in my portfolio in that its an insurance against large market drops.
I totally oppose any restrictions on trading this product!
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I am fully aware of the risks I take with my investments. I do not need the Government to protect me from myself. Leveraged funds are important to my investment strategies for retirement because they help to maximize returns on my investments.