I think I remember hearing this term way back when reading some of Kiyosakis stuff.
I just noticed it again recently, but don't hear much about it usually.
For those who don't know the definition, it's:
Definition of a Sophisticated Investor
Sophisticated investors, as defined by Corporations Law are:
1. Individual entities in respect of whom a qualified accountant has given a certificate in the last 24 months confirming that the individual entity either has net assets of at least A$2.5 million, or has a gross annual income (for each of the last 2 financial years, of at least A$250,000.
2. Individual entities who subscribe for and are allocated at least $500,000 worth of the securities being offered.
3. Individual entities who control for the purpose of investment in securities (that is, shares, debentures, units in managed funds - not property), at least $10,000,000.
4. Individual entities who are licensed dealers subscribing for the securities as principal. More info in this link:
http://www.ozinvestor.com.au/articles/2010/aug/001.html
Do sophisticated investors really get an advantage with available opportunities offered to them?
Does anybody have experience with any examples?
I was watching Dragons' Den and that's what got me thinking of alternative type investments.
May start to persue some investments other than property for a change....
I just noticed it again recently, but don't hear much about it usually.
For those who don't know the definition, it's:
Definition of a Sophisticated Investor
Sophisticated investors, as defined by Corporations Law are:
1. Individual entities in respect of whom a qualified accountant has given a certificate in the last 24 months confirming that the individual entity either has net assets of at least A$2.5 million, or has a gross annual income (for each of the last 2 financial years, of at least A$250,000.
2. Individual entities who subscribe for and are allocated at least $500,000 worth of the securities being offered.
3. Individual entities who control for the purpose of investment in securities (that is, shares, debentures, units in managed funds - not property), at least $10,000,000.
4. Individual entities who are licensed dealers subscribing for the securities as principal. More info in this link:
http://www.ozinvestor.com.au/articles/2010/aug/001.html
Do sophisticated investors really get an advantage with available opportunities offered to them?
Does anybody have experience with any examples?
I was watching Dragons' Den and that's what got me thinking of alternative type investments.
May start to persue some investments other than property for a change....