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On a side note, I wish the term, "sophisticated investor" wasn't the official one. It's a misnomer because it implies there is some kind of knowledge or skill
by jjeaff 7y ago
On a side note, I wish the term, "sophisticated investor" wasn't the official one.
It's a misnomer because it implies there is some kind of knowledge or skill threshold required.
What it really means is "has enough money they can afford to lose some".
In reality, there are plenty of people who have tons of money and not a clue how to invest it well.
- JumpCrisscross 7y ago> I wish the term, "sophisticated investor" wasn't the official one It's not. "Accredited investor" is the official term. "Sophisticated investor" is a higher finance-colloquial bar, typically requiring one follow institutional best practices (e.g. legal and risk reviews).