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From: Robert Moorman
The idea that you need to protect me from investing my money is absurd. I have a net worth of over $2MM, having made it myself over my 28 years of working. I have never invested in a hedge fund, but if I want to, I should not be precluded because I don’t meet some arbitrary number set by some bureaucracy that has no idea whether I am "accredited" or not. I have worked for 28 years, started out with nothing and now have a net worth of over $2MM, so what makes you think that I am not qualified to make my own decisions about where I invest my money? My MBA work was accounting and finance, and while I may not have "chased the almighty dollar" and squeezed out every nickel from my work life, I haven’t done too bad. So let me invest my money like I want, WITHOUT placing arbitrary limits on me. Is it your goal is to keep me from making a higher rate of return so I won’t have the opportunity to grow my wealth? That is not what your job is. Please don’t protect me from myself! I am quite capable of protecting myself! It’s you that scares me. Sincerely, Robert Moorman |