I've managed to build my net worth to just over $200k, and now I'm trying to figure out the next step to hit that $1M milestone.
Most of my gains came early by on, mainly from a few well-timed meme coin plays that a community I'm in picked up. I wasn't chasing every pump, just choosing my spots, taking profits, and staying disciplined. These days I'm holding more than trading.
About 40% of my portfolio is in BTC, and that's one bag I'm not touching. No matter what else I branch into, stocks, real estate, or something else, BTC stays locked.
My parents keep pushing me toward the
"responsible" move: real estate or traditional stocks. I get it, stability, long-term safety. But I still see a ton of upside left in crypto.But it feels like the next big wave hasn't even crested yet.
So now l'm at a crossroads:
1. Go deeper into stocks and play it safe
2.Buy real estate and lock in something physical 3. Double down on crypto, keep refining my edge, and aim for the next breakout
I'm not rushing into anything, just want to make the smartest move next. If you've been through this stage, balancing safety with conviction, what path did you take?
Also if you want proof hit me up and I'll send it over
Grown my Net Worth to 200k, What should I do next?
byu/CryptoCuro ininvesting
Posted by CryptoCuro
11 Comments
You are superbly under-diversified (and on crypto, if that wasnt enough already). It is not about being smart or dumb. It is just about recognizing that. Not acting on that is really dumb. Acting on it, is just recognizing a huge flaw in your portfolio.
It is your money. I wouldnt be able to sleep well with 200k on crypto. Or not at all. Just diversify.
I would not suggest real estate is the “responsible move”. It’s a move you make for tax advantages once you’ve put yourself in a position to grow your wealth.
Personally, I’d move the majority of that wealth (assuming 120k) into ETFs and to a wealth preservation strategy. You’ve done well for yourself, and more than anything, likely gotten very lucky. I’d take that $120k toward a John Bogle strategy of ETF’s and low risk, long term wealth preservation.
I am only in real estate because I max out my 401K, put a substantial amount into stocks each year, and end up with about $25-50k/year I’m not comfortable putting in the stock market. I use syndication for that method but in reality, the fees are high and that’s money that I have reserved for future generations. I’ll 1031 it until I die but locking down your money for a 5-10 year hold period is not a great investment strategy unless it’s money you truly plan to not need for a very long time.
I would not suggest real estate is the “responsible move”. It’s a move you make for tax advantages once you’ve put yourself in a position to grow your wealth.
Personally, I’d move the majority of that wealth (assuming 120k) into ETFs and to a wealth preservation strategy. You’ve done well for yourself, and more than anything, likely gotten very lucky. I’d take that $120k toward a John Bogle strategy of ETF’s and low risk, long term wealth preservation.
I am only in real estate because I max out my 401K, put a substantial amount into stocks each year, and end up with about $25-50k/year I’m not comfortable putting in the stock market. I use syndication for that method but in reality, the fees are high and that’s money that I have reserved for future generations. I’ll 1031 it until I die but any real estate investment, I’m not planning to touch in my lifetime, and that’s for my children to decide on.
I would add, 40% of your net worth being in bitcoin is a major risk. I understand that it has had massive growth and as far as crypto goes, likely a fairly stable investment but all it takes is one country doing one weird thing, or a US senate/congress vote for it to drop drastically.
You are already 40% crypto, I would push heavier on growth stocks, like SCHG or VUG. Real estate is a different animal if you have the time and appetite for it
Grow it to 300k. Then 400k. Then….
“Feels like” is not investing.
“Will grow because X” (cash flows, business economics, etc) is investing.
Personally I’ve never been a fan of real estate, but it works great for people who are passionate about it. I lean toward BTC exposure and think there’s nothing wrong with continuing to add, especially if you stay level-headed. Keep conviction when you have it, avoid unnecessary taxes (but don’t fear them either), and just keep building.
Curious—how old are you? Being aggressive while you’re young makes a ton of sense since you’ve got time to recover from drawdowns. Diversify a bit, but don’t feel like you need to abandon what’s worked for you.
The house, then stocks. If you already have 40% in BTC don’t put any more in shitcoins because its going to move together in the same basket of risk.
$FNMA & $FMCC and then chill. IYKYK
What is called the community that you got the crypto picks from? Is it free?
Learn that increasing your risk profile is not the fast forward button to getting the million. You’ve now reached critical mass where 20-50% drawdowns really hurt.
I have nothing against bitcoin, but 40% of your investable net worth in any one single thing would keep me from sleeping at night.
300k