Apr. 08, 2020
Comment on SEC Proposed Rule #S7-24-15: On 12/31/2017 my IRA balance was $467K. Consider I'm investing LONG TERM for my children, grand children & grt grnd children because I don't need this account for any forseeable needs, as I have sufficient other assets. My IRA was $263K in Nov. 2018 and $311 on 12/31/2018. It grew to $593K by 12/31/2019 and $661K by 2/20/2020 and today, 4/8/2020, it stands at $340K. This does not include RMD reductions. So here's the dilemma : I have no doubt that my buy and hold strategy will do well as long as the USA is any kind of world power. BUT if I get caught with my IRA cut in half, or more, by proposed restrictions I will never recover my losses if I get caught at the bottom of the market on a leveraged basis and have to climb back on a non-leveraged basis. So I very much desire a hands off policy on what I consider my free willed choice to seek health, wealth and happiness that my constitution allows like NO OTHER COUNTRY.