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This kind of elitist nonsense where people say "Accredited Investor" as if it implied some kind of education or certification. It was always just a certificati
by typenil 6y ago
This kind of elitist nonsense where people say "Accredited Investor" as if it implied some kind of education or certification.
It was always just a certification that you had an excessive amount wealth.
Sounds like you believe someone with a net worth of $900k or a salary of $190k is objectively incompetent become they're barely under the threshold.
"Objective definition." What a joke.
- tehjoker 6y agoRight. It means when you invest in random ass companies and you get scammed, you can afford to lose the money. Someone with less money getting scammed with visions of dollar signs in their eyes isn't playing a bourgeois parlor game, they're playing with their housing, job, car, etc. To me, the previous SEC rule is just an acknowledgment of the real aristocratic underpinnings of an advanced capitalist economy.