SteveL Veteran   Posts: 189 Joined: 10/11/2012 Location: Boulder, CO  User Profile | Mark, First - a question - you implied this is a broker specific thing. Is that true? I thought you posted a regulation which spelled out how this works. Assuming all brokers have to meet the regulation: I have not yet evaluated your proposal. But, Ed hopes/intends for OV to be a portal used by a significant population looking for a relatively easy investing/trading tool to manage their funds. Nirvana and Elite Traders will be posting portfolios which use +/- 2x and 3x ETFs (and have already done so) for use by this diverse population. If they (the diverse population) have negative experiences, they will not stick around. I think Ed's team will need to address this eventually in such a way that it is handled "under the covers" rather than each portfolio developer worrying about whether they and their portfolio users have handled it correctly. And it needs different handling based on whether it is a margin account or an IRA account. Your proposal may provide a work-around for the moment, but long-term I believe it needs to be factored into the OmniVest mechanism, and well documented for everyone to have confidence it is handled correctly, and not result in surprises. | |
