An accredited investor
An accredited investor
This investment is for accredited investors only. An accredited investor is generally accepted to be someone who:
* has a net worth of $1 million or more, or
* has had an annual income of $200,000 or more in each of the most recent years (or $300,000 jointly with a spouse) and who has a reasonable expectation of reaching the same income level in the current year.
Not only are these guidelines tough,but the minimum amount you can invest in this investment is $35,000. That is how much each investment "unit", as it is called, costs.
But money alone does not qualify you to be a sophisticated investor.
A sophisticated investor knows the 3-Es:
1. Education
2. Experience
3. Excessive Cash
Our banker always says "I know" what we do, but for some reason, he does not do what he claims he knows.
This investment is for accredited investors only. An accredited investor is generally accepted to be someone who:
* has a net worth of $1 million or more, or
* has had an annual income of $200,000 or more in each of the most recent years (or $300,000 jointly with a spouse) and who has a reasonable expectation of reaching the same income level in the current year.
Not only are these guidelines tough,but the minimum amount you can invest in this investment is $35,000. That is how much each investment "unit", as it is called, costs.
But money alone does not qualify you to be a sophisticated investor.
A sophisticated investor knows the 3-Es:
1. Education
2. Experience
3. Excessive Cash
Our banker always says "I know" what we do, but for some reason, he does not do what he claims he knows.
