Feb. 12, 2020
I was recently made aware that my previous e-mail was given subpar consideration due to its generic nature. Follows is a similar note in favor of keeping leveraged funds available to all persons not just those with "special" qualifications I run a mathematically based investing plan that is powered by leveraged ETFs. The proper use of these leveraged products is a key part of my financial plan. These funds are important to me. They improve my performance over the long term rather than keeping me in the generic pool of mindless investors. I am not engaged in reckless trading, I understand the effect of daily magnification on an index’s price movement, and I use this magnification to my advantage. I know what I am doing. I do not want a third party evaluating my capability of managing these funds, and certainly do not want one preventing me from buying them. We already have a significant problem with the restrictions of access to smart investing techniques and opportunities in this country. It only serves those who are already privileged and does nothing for those of us trying to raise our general financial and material means. If this country is truly founded on the idea of an American Dream in which anyone of any humble beginning can find their way to greater levels of success and opportunity than any such restriction as being considered here is in direct opposition to that dream. I therefore urge you to please keep leveraged funds available to all investors. Thank you, -nathanael