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Nothing is stopping anyone from putting their life savings into a legal dumb investment. Regulators and the government sure won't stop you from liquidating your
by almost_usual 7y ago
Nothing is stopping anyone from putting their life savings into a legal dumb investment. Regulators and the government sure won't stop you from liquidating your 401k early. At some point common sense comes into play and you need to be smart with your money.
- mywittyname 7y agoThe US SEC has accredited investor requirements specifically to keep people from being fooled into making "dumb" investments.
- almost_usual 7y ago>US SEC has accredited investor requirements specifically to keep people from being fooled into making "dumb" investments What stops me from liquidating my 401k and investing all of my money into a company that misses their earning goals this week? Where does the US SEC come into play here?
- deleted 7y ago[deleted]