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I don't disagree with your argument, but I think your statement "In the whole of the USA, there are only 80,000 accredited investors" is not quite right. Accor
by BayAreaEscapee 5y ago
I don't disagree with your argument, but I think your statement "In the whole of the USA, there are only 80,000 accredited investors" is not quite right. According to this MSN article, "To be considered in the top 1% of net worth, a household needs combined assets totaling over $11 million." [1] That means there are about 3M households that have at least $11M.
[1] https://www.msn.com/en-us/money/markets/what-net-worth-is-considered-wealthy-in-2021-this-is-what-americans-say-in-new-survey/ar-BB1gHANo https://www.msn.com/en-us/money/markets/what-net-worth-is-co...
- dataflow 5y agoThere are 120M households in the US, so you meant like 1M I think. I imagine not all of them are accredited investors, though maybe they could be if they tried to?
- dragonwriter 5y ago> There are 120K households in the US, 122 million, you mean. (The rest of your piece is consistent with that.)