In the course of my blog adventure, I am privileged to meet people who shared with me their financial insights unselfishly. From them, I gleaned some knowledge on Singapore’s finance sector from the perspective of a retail investor. One of the important lessons I learned is what does being an accredited investor really means in Singapore. Before you skip this article, take note that being an accredited investor is NOT about taking financial courses to qualify for investing in risky products. Its about how much money you have in your bank and your earning income bracket.
Under Securities and Futures Act Paragraph 4A, an accredited investor means:
(i) an individual —
(A) whose net personal assets exceed in value $2 million (or its equivalent in a foreign currency) or such other amount as the Authority may prescribe in place of the first amount; or
(B) whose income in the ......