December 20, 2019
Good morning! I'm emailing you regarding a request to overlook what an Accredited Investor is & to let all people have the right to invest in start ups & Reg D offerings. I'm 29 years old & make about $45,000 a year so I'm not an "accredited investor", however I believe I'm financially responsible enough to invest in what I see fit & to take risks. It doesn't make sense to block regular everyday people to "protect them from risk" while allowing casinos & lotteries to be in business. I support casinos & lotteries although I don't participate because I feel America's should be able to do what they want with their money. If people are going to gamble, they are going to gamble regardless on whatever; penny stocks, stocks, online schemes, casinos, lottery, Ect. Anyone who invested in a lot of recent IPOs suck as Uber, Lyft, Smile Direct Club, Ect, are all in the negative. I actually stayed out of Uber & Lyft and am waiting for a good support level to get back in and have stop losses on almost all my positions to protect myself. Of someone is savvy and a good investor, it has nothing to do with how much money they make... The government just allows people with more money to lose more and take more risk. Let the little guy take risks as well, just like they do in the regular stock market. An example of a risk I'm willing to take, I'm invested in multiple cannibus stocks although I've never smoked weed or a regular cigarette in my life, but I see the health benefits with CBD & how Hemp could help the ecosystem but companies are afraid to experiment because they don't want to get in trouble with the government. Rather than investing a lump sum, I add a tiny bit to my positions each week and am willing to take a total loss if they go out of business. It's a long term play for me. I feel most people who want to invest, have disposable income & understand the risk that goes with it, which is also why so many people don't invest. They say they don't have the extra money, so for those that do, let us invest. Also, there are so many great start ups that want to solve problems and try new things that venture capitalists or huge funds don't want to touch but if they could list on a platform for have a minimum of $100 or even lower, let them raise money and let investor takes risks supporting good ideas. Also, I've seen great questions from novice investors on platforms such as Start Engine, Seedinvest, Net Capital, Wefunder, Republic, Microventires, Ect and they hold founders responsible and make them answer while a campaign is live and everyone can see how the founders and management team responds and can pull out of their investment or add more at anytime during the campaign. Sorry for the run on sentences & typos on the last paragraph. Thanks for taking the time to read & please treat all equal and let everyone invest in accredited deals. As I stated before, I only make $45,000 a year, but I've been investing since I was 25 & have about $50,000 saved & invested and will continue to save and invest until I no longer need a job. We are not idiots. We know how to treat our money. If we can't invest in Reg D, stop the casinos and lotteries because that's robing America more than start up investing. Start up investing can be truly beneficial for americas. Please stop the biases. Thank you, Joseph