Apr. 30, 2020
CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe. As a long-time investor (started in 1978 with stocks and mutual funds), I truly love investing L & I Funds because the products move faster and more efficiently, adding greatly to the success I have had. The slow-moving stocks and ETF’s that I have used previously are passe’ in my opinion. I certainly hope the SEC does not impose burdensome requirements on brokerage firms for their due diligence of clients’ suitability for L & I Funds which might result in their dropping the funds from their offerings. Personally, I would be glad to provide extensive financial and personal information to brokerages to show that I am capable of evaluating the risks of using L & I Funds. As a retired financial analyst, I feel that I am capable of understanding the characteristics and risks of L & I Funds and can make my own informed trading decisions. I do not feel that holding these funds for longer periods of time is a problem at all! I simply average-down with the S&P 500 ETF’s that I use (exclusively only S&P 500 ETF’s) and this works for me just like averaging down with any stock or slower-moving ETF’s. I simply fail to see any more risk with holding L&I’s for years than with any other product, especially because, in my case, I have been able to gain a profitable position much faster with these products. Please do not take away this viable and, actually, entertaining investment product! I can assure you that I monitor my investments. As a retired person who does not play golf or tennis (I do shoot baskets), the investment world is a big part of my life, and I certainly keep a close watch on L & I positions. I log in to my brokerage accounts literally every business day. Please do not take away this interesting and profitable aspect of my life. I would not be offended by providing the brokerage firms with any information necessary to show my capability of assessing risk. I would truly regret the brokerage firms deciding to stop offering these products because of the extra costs and time involved to perform their “due diligence. Brokerage firms like Schwab, Fidelity & others, along with Direxion and Invesco, etc. give investors very serious warnings about using L & I Funds. The information provided by them and the media is very adequate to alert any prospective investor about the pitfalls of investing with L&I’s. In summary, please allow these L & I Funds to continue – as a service—to investors like me. They enable me to keep my mind very active, with faster trading, I am quite busy every day recording my daily trades. The hours are far more meaningful to me, and along with walking and “shooting baskets” my life is far more enjoyable than ever before! Thank you for your kind consideration of this e-mail. Gerald Nance 2238 E. Chinkapin Lane Springfield, MO 65804