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> you may need to be an accredited investor, sure, but you can still take on risk and invest in whatever you want How is this not a contradictory statement? Ar
by thebean11 5y ago
> you may need to be an accredited investor, sure, but you can still take on risk and invest in whatever you want
How is this not a contradictory statement? Are you claiming that anybody can become an accredited investor? That's incorrect, you need to be pretty damn close to the 1% to qualify.
- vorpalhex 5y ago> To be an accredited investor, a person must have an annual income exceeding $200,000 https://www.investopedia.com/terms/a/accreditedinvestor.asp https://www.investopedia.com/terms/a/accreditedinvestor.asp 2018 Annual Wages Group Wages Top 0.1% of Earners - $2,808,104 Top 1% of Earners - $737,697 Top 5% of Earners - $309,348 Top 10% of Earners - $158,002 (formatting changed to work on HN) from https://www.investopedia.com/personal-finance/how-much-income-puts-you-top-1-5-10/ https://www.investopedia.com/personal-finance/how-much-incom...
- thebean11 5y agoTIL, that's higher than I thought. My overall point still stands though, between 90% and 95% do not qualify..