Your net worth is the sum of all your assets, minus all your liabilities. For purposes of investing on Republic, the value of any primary residence should not be included in your assets. Similarly, any mortgages or other loans on that residence do not count as a liability (up to the fair market value of your home).
If you are investing with your spouse, you can use your combined income or net worth. Your Republic account's investment limit will reflect that combined net worth and income.
For example, Jon Smith, with an annual income of $80,000, invests with his spouse, Jane Doe, with an annual income of $120,000. Together, their combined investment limit is that of a single investor with an annual income of $200,000.
The following table provides a few examples of net worth calculations for the purposes of determining crowdfunding investment limits:
(Not included except for related liabilites below):
|Jane Doe||John Smith||James Lee|
|Home equity line:|
|More than 60 days old||—||$20||—|
|Less than 60 days old||—||$10||—|
|Total included assets||$190||$190||$190|
|Student and car loans||$100||$100||$100|
|Portion of mortgage underwater||—||—||$30|
|Home equity line
(Less than 60 days old)
|Total included liabilities||$120||$130||$150|
If you are unsure how to calculate your net worth or income, the SEC Investor Bulletin provides more details.
Related: How much can I invest?
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