Give middle class more options in the financial market
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There are high yield deals out there where the middle class and some of the upper middle class are not allowed to invest because of the securities and exchange commission rules regarding not being an accredited investor but the truth is the government wants things to remain the same. Only 10% of the population are accredited investors. They say that they want to protect people from losing their money but it seems to be that they don't want more people to be comfortable financially. The SEC wants people to go to their jobs, pay ridiculous taxes, and put their money in a savings account earning less then 1%. Yes people can invest in the stock market too which is basically playing darts and hopefully the stocks will go up. Do people make mistakes about risky investments? Absolutely! Myself included. But I learned big time from my mistake. Since then I've invested in trust deeds and apartment buildings and have made money. Why are they preventing me from making good solid returns on my money on yield funds? Maybe on the yield funds they need to change the qualifications from being an accredited investor to an experienced investor which I am.
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