March 17, 2020
So the Socialist Exchange Commission (SEC) is considering making it much more difficult for investors to buy leveraged and inverse funds - typical of the nanny state.
I say socialist because this is just more centralize control and more big government by people making policy decisions who are not in elected positions.
I don't know what your angle is other than to infringe upon my personal liberties. If you think you are helping, you are not. Plus investors do not want your help in controlling how and in what they invest.
I have owned inverse and leveraged funds for years. I find it extremely distasteful having to kiss anyone's rear to continue to invest my money as I see fit.
This brings to mind a relevant quote, "I know not what course others may take but as for me, give me liberty, or give me death" Patrick Henry
You may find this amusing. Rest assured that I do not.
Lieutenant Colonel, US Army Retired