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RE: A Balanced Perspective on Accredited Investing
You gained a follower. You are exactly the kind of thinker I look for in here.
I can say that once you invest in something that requires acredited investor status that if the managing company does something you dont like there is very little you can do about it . In most cases you have to have $100K in these type of investments which can hurt when things dont turn out like you expected.
Yes. And unfortunately, I don't have and have never had $100k to invest haha. You gotta spend money to make money, but what happens when they won't let you spend money?
Takes time to find the right people to invest with. It took me 15 years. I found the right people but even then not everything turns to gold. It also as you say takes time to build up a nugget to invest with. I tend to look at things in $50K buckets, especially starting out and there are still things in the acredited investor world you can get into at $50K. I dont want to loose $50K but no one has to go to jail if i loose it. If I lose $200K I am going to be wearing orange!