February 20, 2020
I strongly believe that Leveraged and Inverse funds are very important for me, and I have been using these for 10+ years. I don't want to lose my ability to own/trade these funds.
These provide me enhanced returns on a very consistent and regular basis.
I am totally capable to making my own decisions. I would encourage you to go over to my site http://salilgangal.com and see for yourself how I manage the things for myself. (Mind you - I have no training in Finance at all. I am an Electronics Engineer.)
Most people I know understand the concept of leveraged and inverse funds very easily when I I explain these in 5 minutes. (Even my college kid understood these funds easily.)
I don't want someone else to decide what's good for me financial success, anf what funds I should and should not use. I want to make that decision to myself. (Imagine if tomorrow FDA puts regulation that if you want to consume the stuff like Cake/Cookies/Chocolates then somebody else will decide that for you. Every American needs to have freedom to eat Cake if s/he can afford it )
I use ProFunds, DireXionFunds, Microsector ETNs all the time. You can read about my "Blitz-Algorithm" at URL below that I have developed myself.
I urge SEC not to pass any rule that will put restriction my way of making money that I've put significant thought/effort into.