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Maybe some formula along the lines of “no more than X% of the investor’s net assets or Y% of the investor’s annual income”, and a footnote saying that for the p
by sethg 17y ago
Maybe some formula along the lines of “no more than X% of the investor’s net assets or Y% of the investor’s annual income”, and a footnote saying that for the purpose of computing the X%, your primary residence is not considered an asset and your mortgage on it is not considered a liability.
- anigbrowl 17y agoUpvoted. I wish all legislation involving money were required to express quantities as percentage - of the federal budget, a criminal's assets, or whatever else - rather than absolute dollar amounts, whose value and significance fluctuate over time.