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As it turns out, the accredited investor rule (>$1M liquid assets) isn't to filter for savvy investors, it's to make sure you can still land on your feet after
by pants2 2y ago
As it turns out, the accredited investor rule (>$1M liquid assets) isn't to filter for savvy investors, it's to make sure you can still land on your feet after your investment disappears.
- slavboj 2y agoProfessionals holding a Series 7 etc count as accredited investors, even if they live in a cardboard box.