Rundown on minimum initial investments?

Question

I found while looking at money market/purchased money funds that while there is no minimum initial investment for SWVVX ("investor shares") there was a minimum initial investment of $1,000,000 for SNAXX ("ultra shares").
My question is: are there certain classes of investments generally subject to minimum initial investments? What are they and why?
I know this is somewhat broad. Specifically I am trying to invest large (in my opinion) quantities of money (>$10,000) in a vehicle safer than mutual/index funds but with greater return than a high-yield savings account and trying to see what doors having a sum this size to start with opens.

Fattie · Answer

In the US there's a legal defintion of a "sophisticated investor", and in many cases investment vehicles are only allowed to be sold to them.
You can easily google endless info about this, example https://smartasset.com/investing/sophisticated-investor
{I have no idea about the specific one you're asking about, but that is the general thrust of the situation in the US and at base it likely relates to that.}
Regarding the issue "I don't quite meet the Sophisticated Investor qualifications but I want to invest in all the good stuff..."
For this very purpose there is now the new Reg-C and Reg-D stuff.  So you can go to startengine.com or their competitors and invest in early stuff.
Please note that I do not necessarily recommend this in any way, most startengine, Reg-C, etc projects are complete rubbish but this is indeed the "latest thing" in the spirit of what you're asking about in the final paragraph.

Rundown on minimum initial investments?

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