Are you familiar with the term "accredited investor"? It's a formal term that the SEC uses to differentiate Joe Upper-Middle who has put 200K in a retirement pr

Are you familiar with the term "accredited investor"? It's a formal term that the SEC uses to differentiate Joe Upper-Middle who has put 200K in a retirement program, from Josefina Nouveau, who has either: earned income exceeding $200,000, or $300,000 when combined with a spouse, during each of the previous two full calendar years, and a reasonable expectation of the same for the current year or a net worth greater than $1 million (either by yourself or combined with a spouse), excluding your primary residence. and is therefore expected, rightly or wrongly, to be able to judge the riskiness of a potential investment and absorb the loss without being crippled.