Mar. 18, 2020
Comment on SEC Proposed Rule #S7-24-15: I have been investing in stocks since 2002 and understand the risks associated with leveraged ETFs. I use them to decrease my portfolio's overall risk. Their enhanced returns allow me to: 1. Keep a greater percentage of my portfolio in cash, and 2. Buy conservative stocks and ETFs to "anchor" my portfolio. The result is a more protected portfolio than I would have if I could only buy and hold individual stocks and non-levered ETFs. I appreciate that I have the freedom to make this decision on my own portfolio, and would like to see this freedom preserved. Please contact me directly with any questions. Thank you. Regards, Brett Owens