4 ms·
Some one quoted a number that you need about $1mm in income to be in the top 1%. You know what's perverse? "Qualified investor" mark is at $1mm net worth. Th
by bin0 7y ago
Some one quoted a number that you need about $1mm in income to be in the top 1%. You know what's perverse? "Qualified investor" mark is at $1mm net worth. The best way to make money is to invest what you have, and this blocks people out.
From what I understand, it might be possible to set up a partnership which does investments, and pool money from about 50 partners. That would allow a decent angel investment group with a few-thousand-dollar buy in. Why don't more people do this? It's very doable to learn about how to read a business plan, read financials, etc. Though it's a risk, it might be helpful to allow the middle class to make informed investments to grow wealth.