I'm not sure what this means. Are you saying that the average investor is now more sophisticated, or that the average sophisticated investor now is more sophisticated than the average sophisticated investor then?
If the former, if the average invested amount drops to $1-2K and the number of investors booms, wouldn't that have an effect on the average sophistication?
IMO the average investor is only investing in the house that they live in, and judging by the last 10 years doesn't seem to have the math skills to defend against a charming salesman.
edit: just noticed that this doesn't open up investment to unaccredited investors, it's just about solicitation. "Average sophisticated" makes sense now:)
I'm not sure what this means. Are you saying that the average investor is now more sophisticated, or that the average sophisticated investor now is more sophisticated than the average sophisticated investor then?
If the former, if the average invested amount drops to $1-2K and the number of investors booms, wouldn't that have an effect on the average sophistication?
IMO the average investor is only investing in the house that they live in, and judging by the last 10 years doesn't seem to have the math skills to defend against a charming salesman.
edit: just noticed that this doesn't open up investment to unaccredited investors, it's just about solicitation. "Average sophisticated" makes sense now:)