by Jimmy Mengel, Outsider Club:
A few years back, a friend of mine had an opportunity to get in on the ground floor of a very promising investment…
He was poised to invest $25,000 in Chess.com, a website that teaches players “the game of kings” — and churns out some serious coin while doing so. A $25,000 investment would have netted him $500,000 — an unbelievable return by any measure.
Alas, accredited investor laws prevented him from taking advantage of the private placement, and he was left to watch helplessly as the super-wealthy bought in and cashed out.
In order to be an “accredited investor” you must either make $200,000 a year, or have at least a million bucks sitting in the bank.
It goes without saying that most individual investors don’t have a cool million to drop on a promising or potentially life-changing investment idea.
I sure don’t.
But thankfully, I’ve found a way around this loophole…
While these SEC rules are supposed to “protect” investors, what they really do is box out everyone but the Wall Street fat cats and Hedge Fund titans. Instead of making these opportunities available to the people who could really benefit — individual, mom-and-pop investors like you and I — only the super-wealthy have backstage access to the most lucrative of these deals.
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