Steve Quirk joins the team in the studio today to address a major bill being passed through congress by the Department of Labor. While we usually do not speculate on politics, this is a situation that will affect us all.
The intentions are good in nature; limit the perceived risk of retirees in their protected accounts by restricting their exposure to options. But this restriction has larger ramifications than initially understood. The truth is, options are a vital part of maintaining wealth and investing. And we at tastylive understand the benefits of being able to reduce cost basis.
The thought process of The Department of Labor is explained and Steve, with Tom as well, explains what happens when people’s ability to invest is blocked. Why restrict ability to be profitable when education is a simpler and mutually beneficial solution?
If you earned your money, you should be able to manage it how you see fit. The new proposed bill will dramatically limit your exposure to the market.
Stand up for your right to trade and let your congressman know how you use options and derivatives to secure wealth.
Click this link to sign and learn more.
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