They’re not even subtle about this shit either. To be able to legally invest in more sophisticated investment vehicles, you have to be an accredited investor. To be one, you must have either:
a yearly income exceeding $200,000
a yearly joint income with spouse exceeding $300,000
an individual or joint net worth exceeding $1 million, excluding the value of your home
These requirements essentially hardlock the status to the top 5% in the US. Being one is the only way to buy into venture capital, private equity, hedge funds, etc., where all the real money is made.
The SEC sells this to the public as “keeping the uninformed public safe”, but it actually puts a hard wall on the ability of commoners to make lucrative investments.
They’re not even subtle about this shit either. To be able to legally invest in more sophisticated investment vehicles, you have to be an accredited investor. To be one, you must have either:
These requirements essentially hardlock the status to the top 5% in the US. Being one is the only way to buy into venture capital, private equity, hedge funds, etc., where all the real money is made.
The SEC sells this to the public as “keeping the uninformed public safe”, but it actually puts a hard wall on the ability of commoners to make lucrative investments.