/biz/ - Business & Finance

Anyone else here investing with 7 figures? Seems like everyone I meet on this board only has 5 figures to low 6 figures. Everyone I know who actually has 7 figures always invests and plays it safe. Fuck that, gonna play hard till I hit 50 mil

>>58480723
Stocks and Options FTW

This account was at 6M at start of January. Making money is EZ PZ, but you do need cash to start with.

>>58455461
8m in active trading account,
20m in passive SPY + QQQ + SCHD account. Simple money.

>called balls of steel and high iq

that's why there are soo many rich crypto bros right? lol. most are bagholders who have no idea why they are holding a coin, they read one piece of DD and suddenly got hooked. ask any one of em what the word "blockchain" means and they'll draw blanks. if crypto had any proper value aside from speculation, I'd be the first to admit I'm wrong and buy in. But as it is right now, I'm not willing to put in anything larger than 100K.

>stablecoins will become fiat

I don't like statements like these because ive been hearing it since years ago, and nothing has changed.

as for the rest of what ur saying, "soon" is always far away anon ;)

>>58455346
I don't need Crypto to make money, you need crypto to make money. I'd never put anything more than 5-6 figures into it because

>>58440917
Before I start, my creds are picrel.

I’ve said this before and I’ll say it again.
Crypto is a poor man’s game.

I say this because you simply cannot scale up in crypto. All you can ever do as a high net worth individual is buy and hold BTC or other large, well established coins. those 10X, 50x, 100X baggers will only exist if you buy into smaller “shit coins”.

therein lies the problem. Throwing a few hundred into shitcoins is fine, a few hundred might be even 1-2% of your total port. So the returns, which could be in the thousands, would be very attractive to see. But who’s going to do smth similar with a 6-7 figure account? A few thousand dollars in a million dollar account is nothing. At that point, might as well dump ur cash into an index fund. Youre not going to toss 10-20K into a shitcoin if you’re a sane person. But yall ain’t sane lol

Once you reach 1M or close, you can easily put that money into stocks and make a 8-15% gain monthly if done correctly. That’s what I’ve been doing and it’s been paying off well.

Y’all can AMA, I’m open to answer questions. I feel like I’m one of the few ppl here whose money hasn’t been made in crypto lol.