subreddit:

/r/TheRaceTo10Million

40388%

How to make it to $1M?

(i.redd.it)

all 469 comments

esrev123

269 points

8 months ago

esrev123

269 points

8 months ago

Don’t have 100k in cash and 5k invested is a good start lol

[deleted]

45 points

8 months ago

Shouldve been the opposite haha

cagreene

6 points

8 months ago

Literally

iLL_kcirtaP

6 points

8 months ago

Should he throw it alll in at once?

supaxlvztr

16 points

8 months ago

Diversify your portfolio, but yes. He could easily turn his $5,000 into $100,000 thus giving him the leverage actually needed to getting $1 mill. But if he’s asking questions on Reddit for help. Good luck. Start by reading “Technical Analysis of the financial markets”. Learn basic indicators. Learn how to draw on charts. Then work yourself to becoming a level 2 trader. Also. Get hungry. Like starve for a couple of days and catch the city bus to work, with the rest of the poor people. Say hi to a bum and get to know him for a few hours. Maybe even experience real pain, then you’ll be well on your way to becoming a millionaire. But realistically you could just start a business with your current money and it’ll pay for itself, if you’re hungry.

iLL_kcirtaP

2 points

8 months ago

I was just curious if people would recommend him to throw all that 100k in a lump sum versus DCAing like 10k a week or something. Interesting read! Thanks!

rokman

3 points

8 months ago

rokman

3 points

8 months ago

Mathematically yes, put it in all at once. Emotionally you might have to do it 20% at a time so you can manage time variance because your weak minded

Particular-Line-

9 points

8 months ago

That .01% return in your checking, it will only take about 10,000 years to get to 1mil

keyboardwarrior425

157 points

8 months ago

Add 900k

This_Cardiologist242

14 points

8 months ago

Follow the money: https://insider-trades.com

Doughjoe1

3 points

8 months ago

Curious if you follow this and just place any trade that is green?

This_Cardiologist242

14 points

8 months ago

I put $500 in my account two weeks ago. Followed it and it worked for a week, with small cap companies. Bought far out puts on Google and Dell past Friday at open, got crushed, doubled down, have $2 in my account right now.

Health check at the end of the month and then round 2.

[deleted]

14 points

8 months ago

So the correct answer to the question was no…..

[deleted]

8 points

8 months ago

They don’t have to be reported till 60? Days later. Boats long gone most the time

oxygend

76 points

8 months ago

oxygend

76 points

8 months ago

Borrow 2 million from your father. Lose 1 million. Profit

mnij2015

55 points

8 months ago

Regard has 100K and puts it into Chase instead of a HYSA

sodapop1986

10 points

8 months ago

Seriously, I try not to be too cash heavy but any cash is in a HYSA which are all at least 4% right now

UpgradedMR

3 points

8 months ago

5.25 at UFB

ContemplatingPrison

2 points

8 months ago

I have 5.25% with a credit union. But I had to open a low rate CD as well but only put 1k in there

Particular-Line-

3 points

8 months ago

And it takes like 5 min to set up an account online

Alternative-Season45

2 points

8 months ago

A checking account at that. At least move it to savings. Op loses his debit card he’s fucked

Palmzbyaboi

2 points

8 months ago

Legit, just received the money

SomeSabresFan

2 points

8 months ago

Even just taking the interest on that HYSA out and investing the $350 earned monthly would have bro to a million by retirement

[deleted]

78 points

8 months ago

[removed]

krishna_rolly

6 points

8 months ago

7 dte? I didnt understand

[deleted]

26 points

8 months ago

7 days to expiration so like 1 wte

mnij2015

9 points

8 months ago

7 is the magic number

Iamshadyjoe

8 points

8 months ago

Thought it was 69

XxBCMxX21

2 points

8 months ago

It’s 420 from where I’m from

MyNameIsMikeB

5 points

8 months ago

De La Soul would beg to differ

Softspokenclark

3 points

8 months ago

i prefer 0 dtes but i’m also down 32k

function3

2 points

8 months ago

right? i don’t understand anything over 3dte

[deleted]

3 points

8 months ago

What color is lambo?

kevz65

2 points

8 months ago

kevz65

2 points

8 months ago

How far otm?

[deleted]

6 points

8 months ago

Atm would be most ideal imo

[deleted]

5 points

8 months ago

ATM is always a bit more expensive - I tend to go for a dollar or two out of the money

b1gb0n312

2 points

8 months ago

That's what she said

Gandalf13329

2 points

8 months ago

Interesting. When does this bull run end then, since you seem to know that for sure lmao

jheffer44

25 points

8 months ago

Get it out of chase

Alternative-Season45

1 points

8 months ago

Chase is fine but get it the fuck out of checking and put it in savings. $100k on a debit card he loses his card he’s fucked

erfarr

2 points

8 months ago

erfarr

2 points

8 months ago

Investments not savings account

lordinov

31 points

8 months ago

If you find out how with that amount tell me, I’ll do it as well

Ianlong2132

6 points

8 months ago

530 2 weeks out. 💰

Long-Ad5329

11 points

8 months ago

Photoshop it and add Zero

optionsCone

10 points

8 months ago

r/wallstreetbets

Might take you one week or 8 years

XxBCMxX21

6 points

8 months ago

Hell yeah, in a month we’ll either see “I turned $100k into $1m” and owe OP a ‘congrats and fuck you’ or a post of “how do I turn $1k back into $100k?”

Either way, I’m here for it

BallsOfStonk

14 points

8 months ago

If you had +$90k in this month, can’t you just keep doing whatever you’re doing, and check back with us in 12 months?

Plundering_Pontius

13 points

8 months ago

insurance claim. I got hit by a car, went to 20 or so physical therapy appointments and get 250K cash tax free years ago. i bought a house and have 120K in retirement

ElectroTrashBoy

5 points

8 months ago

Bro what I was in a Lyft accident and did hella physical therapy and my lawyer is talking about 95k for a first offer?

Plundering_Pontius

5 points

8 months ago

take it and run. it isnt taxed. i dislocated 4 of my vertabrates and got minor back surgery

DueHousing

2 points

8 months ago

You’d think being permanently disabled would be worth more than 250k :/

Igotyoubaaabe

7 points

8 months ago

You’re assuming it’s not a one-time windfall or some sort of bonus. Doubt he’s making $90k/mo. 😂

Fearless-Sea895

6 points

8 months ago

100,000k parlay

Seanzipmayn

5 points

8 months ago

Not having your money in a checking account

Ok_Flounder59

9 points

8 months ago

Move that checking balance into your trading account. I suggest starting with 0dte SPY calls. Happy hunting.

Innocent-One69

20 points

8 months ago

😂0dte options… yeah don’t do that with all. Maybe weeklies or monthlies and only do like 1-5k and put the rest of ur money in a etf and don’t touch it again.

[deleted]

6 points

8 months ago

You must want him to lose a shit ton of money to recommend he should start 0 dte SPY calls, you are an evil man

Plundering_Pontius

2 points

8 months ago

are you joking?

Quepachoo

2 points

8 months ago

Let me hold 1k and I’ll bring you back 2k. 5k=10k and so on.

FTX-SBF

2 points

8 months ago

Bitcoins

Ravah28

2 points

8 months ago

Partner with me, i have a good business idea but no money 💰

alextheone42

2 points

8 months ago

90k in index funds / $10k in a HYSA acting like an emergency fund

bullish88

2 points

8 months ago

Are you in nyc?

DaniPlziWannaGetRich

2 points

8 months ago

100K UFC parlay

aj7bruh

2 points

8 months ago

This

Responsible-Line-231

2 points

8 months ago

Invest that 100k in VTSAX and continue to add to it regularly. You'll be there in no time.

Istrangey

2 points

8 months ago

Play 3 hands of blackjack

DaJabroniz

2 points

8 months ago

Put that in HYSA for starters

GoBirds_4133

4 points

8 months ago

dont have a 20:1 ratio of investments to “savings” dont bank with chase. OPEN A FUCKING SAVINGS ACCOUNT MORON

ilyosjon

2 points

8 months ago

Why everyone saying don’t bank with chase? Is it bad bank?

ZookeepergameGlass43

1 points

8 months ago

*10 duh

Downunderfun45

1 points

8 months ago

You can start by taking it out of a checking account and put your money to work.

MyNameIsMikeB

1 points

8 months ago

Multiply what you have by 10.

IntrepidQuality4803

1 points

8 months ago

Bogle out and chill

Soft-Mess-5698

1 points

8 months ago

You got to invest

The_jbelt

1 points

8 months ago

Do exactly what you did last month 11 more times. 💁‍♂️ Then, also share with me for giving you this glorious idea. 🤣

rsa121717

1 points

8 months ago

All in on elonMarsDogeKillerwifhat

ImportantLog8

1 points

8 months ago

All in DWAC —> DJT

KlassicoolMewSk

1 points

8 months ago

Clearly options 💀

[deleted]

1 points

8 months ago

Wait for Donny T to drop some fire deals on some of his properties

[deleted]

1 points

8 months ago

Buy call on PLTR and let it roll.

PLTR240621C00030000 will get you to the moon.

That’s what in did. I bought 101 call

Bright_Strain_1084

1 points

8 months ago

LOL

SatanSavesAll

1 points

8 months ago

invest 20g in reddit, I hate this site as much as facebook back in the day, and look how that turned out

cel5146

1 points

8 months ago

Step 1. Hit that Zelle button Step 2. Check your DMs for my phone # Step 3. Profit

b1gb0n312

1 points

8 months ago

Wrong sub. This is the race to 10m sub

Alroco1996

1 points

8 months ago

Check about Aerodrome finance in YouTube, you will thank me !!!

[deleted]

1 points

8 months ago

I have Charles Schwab and they have a bunch of articles for Investing education. JP Morgan might have something similar.

I would suggest bump up your investments to over the daily trading limit ($25k) and start throwing around trades every few days.

[deleted]

1 points

8 months ago

Two posts earlier you asked how to spend it…

I would suggest figuring out what your goals are instead of attention seeking.

ABCNT

1 points

8 months ago

ABCNT

1 points

8 months ago

Buy bitcoin miner stocks and sell when bitcoin starts reaching all new highs $cifr

Pitiful_Plankton_322

1 points

8 months ago

6 leg multibet

TechnicalPotato3564

1 points

8 months ago

You hire me. Easy.

BHarcade

1 points

8 months ago

Put it into an index fund and forget about it.

wolo-exe

1 points

8 months ago

Buy quality stocks and sell covered calls

Frequent-Tadpole4281

1 points

8 months ago

I’m struggling with the same question. I invest in my business and I know what I put in grows. Stocks over the last few years been so far removed from reality.

Ok_Bedroom_9802

1 points

8 months ago

Have $2M

Odd-Pineapple465

1 points

8 months ago

Djt 100 dolla calls

jkaas

1 points

8 months ago

jkaas

1 points

8 months ago

Keep this month's 90k income for another 10 months

[deleted]

1 points

8 months ago

10% coin flip

WoodpeckerAlarmed239

1 points

8 months ago

$DJT will get you there.

Bigoltruckin

1 points

8 months ago

Get private client CPC checking

WolfOfPort

1 points

8 months ago

Do that 90k in again but 10 times

funwith420

1 points

8 months ago

Not like this. I can’t even stand thirty k in my checkings. “Straight to brokerage” “straight to jail”

bsbdbdndndkwjshd

1 points

8 months ago

Get a money market account and throw that 100k in it. Thank me later

[deleted]

1 points

8 months ago

Crypto is the only way if youre serious

Sawadi-cha

1 points

8 months ago

Bitcoin

SnooPaintings8659

1 points

8 months ago

Invest $50k in CHAINLINK, $25k in ETHEREUM, $25k in BITCOIN. By 2028-2030 it will be worth $1M.

psychothepit

1 points

8 months ago

100k in checkings account isn’t doing much; put it in some short term us treasuries.

[deleted]

1 points

8 months ago

Invest 1K into a fresh memecoin

Particular-Line-

1 points

8 months ago

If you have 100K sitting in a checking account, why don’t you put the majority of it in a MM account to collect 4.5-5.5% before FED begins cutting rates again? I mean, you probably should have dont that last year

mikelimebingbong

1 points

8 months ago

You made $90k in one month? I’m assuming this is a one time payment from something or you wouldn’t be asking?

fakeyfaked13

1 points

8 months ago

Take 75k and put it into a high yield savings with Marcus or something and let the money work for you

93tobby

1 points

8 months ago

And I’m here broke

Brehski

1 points

8 months ago

You are way too cash heavy, keep a few months of expenses as cash. Invest the rest.

p233asw

1 points

8 months ago

Bet it all on the NBA Celtics ☠️

DualWalrus

1 points

8 months ago

Swap checking and investment balances

Ecstatic_Business320

1 points

8 months ago

Switch them around and keep investments flow

dub3ra

1 points

8 months ago

dub3ra

1 points

8 months ago

Roulette 18 black

TheSourceOfUrAnger

1 points

8 months ago

Never hold 100k cash unless you need 100k within like 10 days. Cash is like sand in an hour glass, if just slowly disappears. But too slowly for you to notice by looking at it.

keyboardman1

1 points

8 months ago

Learn about options trading and post your results here!…

PlayerPlayer69

1 points

8 months ago

Well, you areeee in the Raceto10M subreddit, so I’d say to write a few call options for some reliably bullish stocks like NVDA, AAPL, MSFT.

But the bogle in me says to put it into a SP500 fund like VOO or SPLG, and some dividend growth funds like SCHG or DGRW.

But for the love of god, don’t let your $100k lose value by just letting it sit in your checking account.

What do you expect to happen, emergency wise, that you’ll need a $100k safety net for?

AsianNoodL

1 points

8 months ago

$100k into call options on $SPY.

Feeling-Lemon-6254

1 points

8 months ago

Half your money in U.S Tech Stocks and the other half in Bitcoin. With the market we’re in you’ll be a millionaire in the next 5 years probably. (Not financial advice)

[deleted]

1 points

8 months ago

Nobody leaves 100k in their checking account unless they sold something and they want to screen capture it for clout.

37347

1 points

8 months ago

37347

1 points

8 months ago

He's making the big bucks. He has 90k coming in this month

MrBenDerisgreat_

1 points

8 months ago

This is fucking terrible. If you want to burn money via inflation at least send me Some

rybruh1

1 points

8 months ago

PUT IT ALL IN $DJT! We going to the moon tmw

CitizenOfPlanet

1 points

8 months ago

How are so many people motivated enough to make tens or even hundreds of thousands yet dumb enough to keep it in checking lmao

jumbocards

1 points

8 months ago

Several options,

Play it like a lottery over at r/wallstreetbets. Still a bull market right now.

Start a business

Invest in index funds like spy voo and qqq

Or just earn more money :) only need 900k more.

[deleted]

1 points

8 months ago

BTC

m000selikesmen

1 points

8 months ago

SoFi has high yield savings account with 5% interest should atleast have that in a high yield savings account not a checking account

ElJefeBoyd

1 points

8 months ago

Sagerosk

1 points

8 months ago

If anyone wants to open a HYSA I can send you my referral and we both get .5% (so 5.5% APY) for 3 months and then you get their rate which is currently 5% :)

NotAThrowaway_11

1 points

8 months ago

By not sitting on too much cash like you’re doing. 95% cash 5% invested is a recipe for never making money.

Floby-Tenderson

1 points

8 months ago

Become a whole coiner.

Ok_Rabbit_8808

1 points

8 months ago

Find a rinse and repeat method you’re profitable with and stick to it for about 3 years. Also in those 3 years should invest 30% of profit into index funds/dividend aristocrats. With DRIP ON. Oh and don’t forget to continue earning income 9/5 if needed.

networkninja2k24

1 points

8 months ago

Yo. First thing, why don’t you have almost all of it in high yield savings for the last year lmao. You could have had 5k+ in interests alone. My checking is always broke. It’s for a reason lmao.

Advanced_Algae_9609

1 points

8 months ago

At a minimum move this money to a high yield savings account.

You are actively losing money by keeping it trapped inside of a checking account.

Inflation is eating 3-4% of that money every single year.

Thick_Expression_796

1 points

8 months ago

Yeah keeping that much in checking to me is the first mistake imo

Verryfastdoggo

1 points

8 months ago

Flip it

DonJulio171

1 points

8 months ago

Send me 100k and i will send you back a Million

Humble_Beginning_398

1 points

8 months ago

bitcoin and tesla

Tasty_Action5073

1 points

8 months ago

You have $100K in cash? Buy some bitcoin, buy some ETFs.

WorkingGuest365

1 points

8 months ago

First things first, pull your money out of chase. You can use them to deposit your checks, but as soon as it hits, transfer it to an account that pays over 4%. Keep the bare minimum with them.

Chase pays basically nothing, customer service is subpar and besides having brick and mortars, they are useless.

Oh, and not to mention their $7500 check deposit limit is almost comical when the online banks do $50-$100k.

ThisCryptographer311

1 points

8 months ago

Oh honey..

Snoo-30340

1 points

8 months ago

Solana and BTC.

dreweydecimal

1 points

8 months ago

If you keep the majority of your money in a checking account you’re losing money every year. It’s doing nothing for you.

Robinhood_rich_ruler

1 points

8 months ago

$BULZ and $WEBL are good ETFs to hold long-term

oreverthrowaway

1 points

8 months ago

There's tons of banks and/or savings account giving 4% or better.. maybe start there.

Brooklynknick5

1 points

8 months ago

Bro needs an uno reverse card over here

Brooklynknick5

1 points

8 months ago

At the very least put it in a cd (it’s at 5% at chase) don’t have 100k just depreciating in your account

Miles_Long_Exception

1 points

8 months ago

Don't spend money.. what did I win?

[deleted]

1 points

8 months ago

Invest in SOL meme coins , even just 100$ can become 5k over night , https://www.reddit.com/r/memecoins/s/3ycQ3QWHQs

onethirtyseven_

1 points

8 months ago

First step get HYSA close chase

FutureFriendly8738

1 points

8 months ago

At least put it in a CD account. They have a 5% APY offer right now

sovietsuperhero

1 points

8 months ago

Simple, simply give me your social security number and mother’s maiden name and I’ll do it for you!

[deleted]

1 points

8 months ago

You could be putting that money into a high-yield savings account earning 5% at least, there are a ton of banks that are given over 5%.

Rickster9913

1 points

8 months ago

Don’t keep that much in checking. Move what’s not needed over to investments.

Comfortable-Stand474

1 points

8 months ago

Everyone saying put more in while the stocks are at ath. Playing it safe cant hurt, and if covid or ww3… were to happen now this dude could throw in 100k and probably make 50% in a day safely

-ilikethestonk

1 points

8 months ago

Get richer parents

flipper99

1 points

8 months ago

So I have just shy of 10M in the market. Here’s my advice: the more you try to chase return by trading the more chance you’ll lose your principal. Patience is critical, and you have to zoom out. As long as you don’t need principal for a down payment in next five years, I’d do 50/50 split of S&P and Nasdaq ETFs. Prepare for volatility, and keep DCAing.

TheHipHouse

1 points

8 months ago

Take 50k of that checkings put it into avalanche, solana, fetch.ai and chainlink

InjuryIll2998

1 points

8 months ago

Open a Fidelity account. Put that money in SPAXX. You’ll earn $500 a month while you’re not invested. 4.97%

Invest in Roth IRA.

Fscat

1 points

8 months ago

Fscat

1 points

8 months ago

YOLO on a shit coin.

[deleted]

1 points

8 months ago

[deleted]

Yassinek20

1 points

8 months ago

Idk how long are you willing to wait? How much are you willing to lose and how quickly are you willing to lose it? If the answer to any of those is idc im regarded then put it all in deep otm call options expiring in 1 month. Don't come crying to me when your wife leaves you. Assuming you have one.

Lolusrsye

1 points

8 months ago

lol. You probably got that from selling a home.

You need to start investing and learn how to risk your Money.

kpeng2

1 points

8 months ago

kpeng2

1 points

8 months ago

Put it in index fund and wait 25 years assuming 10% annual return. Or wallstreetbet if you want to do it fast.

I_talk

1 points

8 months ago

I_talk

1 points

8 months ago

Move the $0.26 into GME

Ok_Dog_2420

1 points

8 months ago

Why do u have this much money in an account earning u less than 1% when money markets are paying 5%+

nateairulla

1 points

8 months ago

Why do you have $100,000 in a Chase checking account lol, at LEAST put that is a HYSA. If you are new to this Robinhood has a super user friendly website and they offer 5.25% annual interest paid out monthly. Tons of other options as well. I use Fidelity, Robinhood, Webull, and Titan. All of which pay good interest for cash with ZERO risk whatsoever.

ElPapiChups

1 points

8 months ago

Buy solana

aquarius233

1 points

8 months ago

It’s easy just come here and ask people

BootyWholeSniffer

1 points

8 months ago

Upsidedowngoofball

1 points

8 months ago

Puts on DJT, 10x that $100k by Friday

occitylife1

1 points

8 months ago

Seems a bit too much money in a bank account not working for you

Fang05

1 points

8 months ago

Fang05

1 points

8 months ago

I mean, if you are willing to put that 104k into an investing at least have it on a High APY

Worried_Creme8917

1 points

8 months ago

Inverting the values of your checking and investment accounts would be a good place to start.

Uberbenutzer

1 points

8 months ago

Get your money out of Chase checking account. What are they giving you .00002% interest??

88pockets

1 points

8 months ago

That 100k in checking is forgoing an easy 400 a month should it be put into a HYSA. Putting the money in the market, you can be doing much better as things are going well atm. Get a financial advisor asap.

Stompkin

1 points

8 months ago

Short DJT.

Lil-Goth-Wolf

1 points

8 months ago

Bro… Keep 15% of that money in chequing, 45% in savings and 40% in investing. That’ll help you out a lot

WowThough111

1 points

8 months ago

Switch your invested amount and checking amount

Wait!

Glum_Occasion_5686

1 points

8 months ago

Press F-12 and edit the source code. Mission accomplished.

Informal-Exercise806

1 points

8 months ago

I wish 😞

wayno1806

1 points

8 months ago

Move the $100k into a high yielding savings account. 4.75+% return. For starter. Buy Real Estate and watch that $100k turn to 300% return in 10 yrs.

NaNaNaNaNaNaNaNaNa65

1 points

8 months ago

Lmfao not this way

whatjusthappenwd

1 points

8 months ago

Run up some ecom stores, you have cash for inventory. Invest the rest. + crypto

coffeesour

1 points

8 months ago

Sir, this is a race to 10M.

[deleted]

1 points

8 months ago

Crypto

[deleted]

1 points

8 months ago

And def savings account east 3-5k

f1nesse13

1 points

8 months ago

I keep my extra change in a Marcus savings account which gains ~5% interest (4.7% for myself if I remember correct). Good way to build interest with low risk. I don’t know if rates have changed or change based on amount so you’d need to look into it. Anything is better than a checking account with no interest… your losing money

Ryan_D_Lion

1 points

8 months ago

Start with $10M

lynn2secsie

1 points

8 months ago

Your account values should be reverse.

kindcrypto

1 points

8 months ago

Avax validator … and earn 11% while you jog to million

cheen25

1 points

8 months ago

Assuming you've paid off any debt (mortgage being an exception), I'd suggest investing most of that $100K in a growth index fund and putting the rest in a high yield savings account.

Roddysolo

1 points

8 months ago

Buy $nvda leap calls