The "High End" talk of Wall Street: Question

knightrider3000 said: "I am totaly new to the stock market and, in general; investing. I have always been fascinated in the stock market so I have finally made up my mind that I will start investing my earned income in hopes of creating a second income through a portfolio. My question is, I came across some information that discribes an investor who makes a minimum of 200,000.00 in year OR has a net worth of 1 million a year OR has a joint income of 300,000.00 is qualified to be an "Accredited" investor And that this is were the majority of the money is made in the stock market. The for the super rich arena as you will. The "accredited" investor has access to ipo's, hedge funds and other invesment vehicles that are off limits to the genneral public. Does anybody have any more info on this?"

Rickster said: "Accredited investors are not restricted to registered securities (like those in the stock market). That is, they can buy unregulated securities. For example, those issued by private companies that need to raise money and dont want to mess with the SEC. This is true investing. If you understand business (as opposed to the stock market) and you have the financial qualifications, this can be a good way to go. If you dont understand business, it is a good way to throw money away on dreamers. There are an unlimited number of "opportunities" for people with more money than sense."

knightrider3000 said: "Yes, this is true investing! Thanks"