Re: Kickstarter.
I too wish they would change investing rules so that one could do kickstarting investing. They could limit each investor to $5000 per project or something arbitrarily 'small' (in investing terms). It never made sense to me that unregulated investments can only be made by people with large incomes and/or wealth AND each investment must be over $150,000 (in Canada at least). Why a minimum? I get that the world is full of Ponzi schemes and Nigeria scams and people whine when they looe money, but if I can afford to lose an amount of money I'd like to be able to choose where to lose it. Personally I'd take 'Investment Kickstarter' over Las Vegas.
I'd actually like to take part in LendingClub, but it's USA only. Also taxes on capital gains. Taxes make things complicated.
Hey Trey, were there tax implications to the Kickstarter money? Inquiring economists want to know.
Actually, congress passed a law late last year to legalize exactly this, kickstarter style investments for projects. I think the overall total money you can raise this way is 1 million, but it still will open up a lot of opportunities. My understanding is the rules around this are still being worked out, so it hasn't officially been implemented into law, but it should be within a year or 2.