March 12, 2020
In response to (S7-25-19) Amending the Accredited Investor Definition, please note my firm objection to any proposal to violate my rights as an investor.
I am fully competent to manage my portfolio. Furthermore, I trust my own ability to obtain qualified professional guidance as well as research.
The risk inherent with LI funds is evident to me as a result of my research and vigilant watch over my own money.
I fully understand that leveraged and inverse funds are designed to offer high return at a high risk. I understand that leveraged exchange traded funds (ETF) use financial derivatives and debt to amplify the returns of an underlying index. Leveraging is an investing strategy that uses borrowed funds to buy options and futures to increase the impact of price movements.
It is my understanding that investing in inverse ETFs is similar to holding various short positions, which involve borrowing securities and selling them with the hope of repurchasing them at a lower price.
My investments in such ETFs have proven to be very beneficial overall. However, I understand that these are aggressive investments. My portfolio is balanced with a variety of risk. I check my portfolio several times a day using both media and my online account.
In summary, I appreciate the transparency of all information regarding my investments. However, the most competent person to manage my money is myself. After all, I am the one who has the most at stake.
Thank you for respecting my right to life, liberty and the pursuit of happiness with all the risk I am well aware of.