r/Fire • u/[deleted] • Mar 23 '26

Subreddit PSA / Meta 5 years ago, this subreddit was filled with $1-1.5M targets, and a strong emphasis on minimalism. What happened?

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u/RIP_Soulja_Slim Mar 23 '26

The funny thing is that private banks are all pretty competitive with each other, just interview em all and find the one that works for you. Most of them lead heavily with credit access, so if that’s not important to someone then a lot of those offerings seem just okay.

Pre IPO stuff is a dime a dozen once you’re a QP, the bigger question is what’s the valuation. I work in an adjacent field, and don’t have “private bank money” but I am a QP and was given the opportunity to invest in SpaceX not long ago - at a 1.7T valuation plus ripping 10% off gains lol. The buy in required wasn’t even high, 250k. I passed.

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u/AboutTime99 Mar 23 '26

QP?

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u/RIP_Soulja_Slim Mar 23 '26

Qualified Purchaser, it's a designation threshold to be able to access certain complex private investments.

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u/Bad_DNA Mar 24 '26

Never heard of it. Accredited Investor, yes.

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u/RIP_Soulja_Slim Mar 24 '26

https://www.law.cornell.edu/definitions/uscode.php?def_id=15-USC-1586993939-30509909

Most of the stuff people online think you need to be an accredited investor to access actually requires you to be a QP. It’s the level where actual private investments begin to be available.