News for hackers. Stuff that matters.

A comment on Harvard's response to federal government letter demanding changes. Parent comment

Re:Harvard's response to federal government letter demanding... by rtp4me on Tuesday April 15, 2025 @06:58AM (#43691158)
Sorry, nothing prevents the poor from working smarter. Just because you are poor does not mean you are uneducated. And, investment opportunities are NOT gated based on wealth and income. Literally anyone in the US can open an investment account and get started. The lack of desire is the real issue.
[ Parent | on HN ]
Re:Harvard's response to federal government letter demanding... by FireBeyond on Tuesday April 15, 2025 @10:16PM (#43700711)
> And, investment opportunities are NOT gated based on wealth and income.

What? There is literally a class of people considered accredited or sophisticated investors.

To be considered an accredited investor by the SEC you must have a net worth of over $1M -not including- your primary residence, and you must have an annual household income of over $300K.

It is quite literally a wealth and income gate.

[ Parent | on HN ]