March 11, 2020
Leveraged and inverse funds are one way an ordinary investor can control her portfolio. I sensed weeks ago that the market highs were vulnerable so I wisely purchased 300 shares of VIXY which tracks market volatility and goes up when the market goes down. Now in the height of this crash, my overall portfolio has hardly budged -- yes my individual stocks went down but VIXY went up so I stayed even. Why would you take this away from me? It's hard enough for individual investors to beat the Wall St machine. We are not "accredited" and I personally don't buy options or trade in anything risky, but I am smart enough to buy a leveraged fund and know what I am doing So please stop treating us as children don't burden brokerages with another burdensome rule -- vote against this proposed change