Phase 1 Recap: Your Personal Readiness Checklist

1. I meet an accredited-investor test and can document it.
2. No high-interest consumer debt.
3. Mortgage and other payments remain comfortable in a bad year.
4. Emergency fund in place; known near-term costs funded.
5. Retirement basics (employer match, tax-advantaged accounts) covered.
6. I can leave this money untouched for 5–10 years.
7. This investment is a modest share of my investable assets and doesn’t double up on risks I already hold.
8. I could lose all of it without changing my life plans.
9. My CPA, attorney and/or adviser will review before I commit.

If several boxes are unchecked, it is fine to stay in Phase 1 longer. If they are checked, Phase 2 covers how funds work and how to read their terms.

Related

• Red Flags Checklist for LP Investors