| ̄ ̄ ̄ ̄ ̄ ̄ ̄ ̄ ̄ ̄ ̄ | | Why yes, I’m a member of| | the educated, elite, | | professional class! | |___________| (\__/) || (•ㅅ•) || / づ
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Replying to @vgr
I mean you asked what did you expect us to say. Like hell we admit to being in the 1% that’s déclassé
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Replying to @AlmostMedia
Ah ha so you ARE in the 1%pic.twitter.com/lSaKSAaAxn
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Replying to @vgr
It doesn’t take much
like I’ve been in the 1% most of my adult life thanks to founding (equity!) and life partners with high incomes. And I think my hubby and I still don’t count as accredited investors so what is up with that hmmmmn
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Replying to @AlmostMedia
We’ve never been anywhere near it by either net worth or income (I think the current thresholds are 4 million and about 400k in the US) Hard to assess since people use different numbers and adjust for geography in different ways, but 1% is out of reach for me by all of them
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Replying to @vgr
I was using the 500k income as the threshold which in NYC at least is just your average double income no kids white shoe lawyer and VP at a Fortune 500 (which is how I first broke into it with an ex)
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Replying to @AlmostMedia
* puts Julie’s name in little black book of potential future clients *
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Replying to @vgr
Crazy that that income both puts you in the 1% but in our oddly paternalistic private investing regime is not enough for accreditation- no wonder the rich get richer if only the slimmest sliver of people can own equity in companies with most potential for alpha
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Replying to @AlmostMedia
Hmm doesn’t seem too hard to meethttps://www.investopedia.com/terms/a/accreditedinvestor.asp …
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Replying to @vgr
“A person is also considered an accredited investor if he has a net worth exceeding $1 million, either individually or jointly with his spouse” which is a lot (also lol why is it a he?) but goes on to say 300k income would work
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Sounds like you could qualify if you tried the right way. Possibly liquidity of net worth plays a role.
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