Any accredited investors out there with investments that are only open to accredited investors? How are they performing?
What advice do you have to MMM readers who are newly minted accredited investors and desire to learn more about how to evaluate the new range of investment opportunities before us?
Most of them are worse on a risk-adjusted basis than VTSAX. Most of them have substantial downside risk, including fraud and position concentration risks.
Don't fall for the storyline that "once you've hit this milestone, you suddenly have access to the Illuminati perpetual money machine investments". It's bogus.
I've made a few angel investments, bought some pre-IPO shares in a secondary market, and am considering investing in a venture fund. None of those have been home runs (yet), some angel investments have gone to zero, some are still active and look maybe promising but not life-changing. With regard to venture or hedge funds, beware of adverse selection. The best funds don't want to touch your $500K investment; it's just not worth their time. So, you end up with the crappiest/shadiest/lowest edge funds who are willing to talk to you about investing $100-250K. Don't do it.
Under $5M investable net worth, stick to exactly what got you here. Only over that, or only if you have a particular edge (security researcher angel investing in a tech security company), should you consider changing. My humble opinion, worth about twice what you paid for it. :)