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Over the last few months, I have been thinking about getting a Series 65.
My niche is Medicare with some Term just recently coming in and I'm branching out into Fixed Annuities.
So, I have no practical use for a Series 65 as it involves my insurance business. So why you may ask?
Those of us that spend time in alternative asset investing have a significant disadvantage. Most assets in this sector (think real estate crowdfunding, VC funding, certain REITs) are simply locked up.. for the exception of Accredited Investors.
I don't have quite a million dollars in net worth.
I definitely don't make 200k a year over the last 2 years.
I don't work for a fund.
The straw that ultimately broke my indecisiveness is that the SEC has FINALLY made some headway with cryptocurrency lenders. Not only can I use a collateralized loan to get 0-1% interest-only loans, but I can get access to S&P level annualized returns just by holding stable coins (pegged to the USD) in an account (with minimal risk) at 7-19%. All investments that are currently in the lender will continue to earn interest, anything new (or moved out) will not.
After crunching the numbers, the investments that I hold and will likely hold in the future, I decided in the short term it was best for me.
The downside is that if I don't meet the accredited investor requirements in two years, I have to retest. HOWEVER, it also gives me more breathing room and time for the SEC to get their shit together.
So now I'm studying for the Series 65.
My niche is Medicare with some Term just recently coming in and I'm branching out into Fixed Annuities.
So, I have no practical use for a Series 65 as it involves my insurance business. So why you may ask?
Those of us that spend time in alternative asset investing have a significant disadvantage. Most assets in this sector (think real estate crowdfunding, VC funding, certain REITs) are simply locked up.. for the exception of Accredited Investors.
I don't have quite a million dollars in net worth.
I definitely don't make 200k a year over the last 2 years.
I don't work for a fund.
The straw that ultimately broke my indecisiveness is that the SEC has FINALLY made some headway with cryptocurrency lenders. Not only can I use a collateralized loan to get 0-1% interest-only loans, but I can get access to S&P level annualized returns just by holding stable coins (pegged to the USD) in an account (with minimal risk) at 7-19%. All investments that are currently in the lender will continue to earn interest, anything new (or moved out) will not.
After crunching the numbers, the investments that I hold and will likely hold in the future, I decided in the short term it was best for me.
The downside is that if I don't meet the accredited investor requirements in two years, I have to retest. HOWEVER, it also gives me more breathing room and time for the SEC to get their shit together.
So now I'm studying for the Series 65.
