February 4, 2007
Any form of restrictions tied to a minimum level of annual income or net asset value are ridiculous. It is just another classic example of government involvement where it is not needed. What makes you think you know better than I how to invest in hedge funds? You don't require the same limitations for futures, commodities, bonds, or even high risk stocks - don't you know better than I how to trade those oh high and mighty ones? I have a Masters degree in Accounting with a minor in Finance. I'm guessing I can figure out the intricacies.