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The income and wealth requirements are fairly low. If you don't meet either one, losing $10k is potentially dangerous.
by lern_too_spel 3y ago
The income and wealth requirements are fairly low. If you don't meet either one, losing $10k is potentially dangerous.
- sillysaurusx 3y agoThey aren’t low, and it’s not dangerous for me to risk $10k of my own savings.
- dirtyhippiefree 3y agoWhen the money is gone, the crying begins alongside the calls that,”There Ought to Be a Law” (TOBOL)… Then a new class of investors starts the cycle all over again. “It’s all just a little bit of History Repeating.” -The Propellerheads featuring Shirley Bassey
- lern_too_spel 3y agoNet worth with spouse or partner over $1 million excluding primary residence or pre-tax income of $200k individually or $300k with spouse or partner over the last two years. That is very low, and the net worth threshold in particular includes plenty of retired seniors who shouldn't be making risky investments.
- sillysaurusx 3y agoYou’re right. I didn’t realize it was $300k with spouse. Thanks for the correction (and the good news).