What should I do when I hit 7 figures?

[Anonymous No.25766844]

Do I just rotate to btc as the safer play, or stay in alts to try and hit 8 figures and actually make it?

[Anonymous No.25767018]

>>25766844
Apparently no one on this board has actually made it to 7 figures?

[Anonymous No.25767375]

>>25766844
Im close to 500k. Ill hit it this week. Just hodl that shit. Don't play the market. If you chose the right projects youll live off of interest alone.

[Anonymous No.25767432]

>>25766844
8 figures of course. make it or die trying. what can you do with 1mil

[Anonymous No.25767501]

>>25766844
Buy a house with a mortgage and rotate the mortgage amount into a 50/50 split between BTC and and tech stocks. Draw down whichever is up on a monthly basis to pay your mortgage. Take your remaining stack and go 50% blue chip stocks and 25% low cap stocks that have disruptive potential in a growth industry. I like psychedelic and internet of behavior plays. You can fuck around with the ress in shitcoins. 7 figures is a life changing amount of money and you will rope yourself if you lose it all on the next yamcoin.

[Anonymous No.25767606]

dont invest differently just because you have a different amount of money. thats for boomers who are too scared/stupid to make anything higher than 1%. put your money in things you believe in

[Anonymous No.25767644]

>>25766844
Do you have a mortgage?

[Anonymous No.25767835]

>>25766844
I hit 3 mil less than a week ago and made the tough decision to sell 50% of my crypto (actually more like 45%) and move the proceeds into boomer index funds.

Now I have two 1.5M sums of money either one of which should be able to support a middle class lifestyle in perpetuity no matter what happens to the other. I get mixed feels every time crypto does literally anything now since I'm half in / half out, but I sleep better at night knowing my freedom from wageslavery is secured. Have a rough patch at work I have to grind through but I expect to be able to hand in my two weeks notice by the end of february at the latest.

If you're just hitting seven figures I'm not sure what to tell you. I suspect if I were in your shoes I'd just buckle up and hope 100k BTC isn't a meme, as splitting and having 500k in stocks and 500k in crypto wouldn't give me enough security to be able to retire and would just gimp my max potential gains during this bull.

[Anonymous No.25767942]

>>25767501
I’ve already bought a house and am at about 70% equity. With today’s interest rates it seems foolish paying it off

[Anonymous No.25767986]

>>25767375

this

anyone with 200k or over should just be satisfied with ~$2.0MM in next five years, aka if not this cycle then the next.

depending on the wrong alts will ruin this. alts shud be maximum 20% of your port unless you are willing to lose half if not it all.

[Anonymous No.25768014]

>>25767835
this is a smart iq person. everyone listen to him and adopt this mindset. it is the correct one for any american.

[Anonymous No.25768019]

>>25767835
Yeah 1 million is not enough to make it, especially in caliburgerland. Even with long term capital gains I’m going to get cycled out of 40% between state and federal.

[Anonymous No.25768029]

>>25767606
I'm staying in BTC and ETH this run. Made 7 figures in 2017 and timed my exit close to the top. Put it all into stocks and real estate. This time now that I already diversified I'm keeping my holdings and earning interest through lending platforms and using them as collateral. I planned so that the passive income can sustain me as long as BTC stays above 28k in the long run.

[Anonymous No.25768070]

>>25768029
What lending platforms are you using?

[Anonymous No.25768093]

>>25768019
*cucked out of 40%

[Anonymous No.25768104]

>>25767942
It is. Mortgage it back up to 80% leveraged at 2.5% and put into literally anything to make more than that.

[Anonymous No.25768369]

>>25767835
How did you go about cashing out 1.5 mil, and did you do anything to minimize tax impacts and fees?

[Anonymous No.25768603]

>>25768369
>How did you go about cashing out 1.5 mil
Simple limit sell on coinbase pro. I am in the process of withdrawing it to my bank account at $50k per day, and then moving it from there to vanguard. Was worried my bank would freeze my account seeing so much money flowing through it but no problems so far.

>did you do anything to minimize tax impacts and fees?
Unfortunately no, as I took all my current positions last August (sold the link pump) so I'm still in short term capital gains territory. I realized $800k in capital gains when I sold the $1.5M and I'll be owing $300k in taxes for 2021 on account of it.

I was hoping to wait til august before cashing anything out so I could take advantage of long term cg taxes, but this bull market got too spicy too fast. I still think and hope we'll hit 100k later this year, but I had to take my profits in case I'm wrong. Not going to gamble the next 20 years of my early retirement on an all-in crypto YOLO when I don't need to.

[Anonymous No.25769032]

>>25768603
>Simple limit sell on coinbase pro
Was it a single sell order or did you ladder your sales?

[Anonymous No.25769109]

>>25766844
how to spot a larp:
actually asking /biz/ how to become a billionaire
sage

[Anonymous No.25769410]

>>25766844
Go for 10

[Anonymous No.25769572]

>>25767432
3 restaurants, 100k a year of passive income if they semi succeed. in my books, this is making it.

[Anonymous No.25770287]

Good thread. Bump.