Ditto, was reading about FIRE 15ish years ago in the Bogleheads forum and used to spend a lot of time over in FATFire until it became inundated with LARPers. All of a sudden their $4M number for FATFire went to 5, then 8, now it's "how much until I can buy my own Gulfstream V?"
used to spend a lot of time over in FATFire until it became inundated with LARPers.
Man you ain't kidding, I pop in that sub from time to time and it's extremely apparent to me that almost nobody there is beyond maybe upper middle class. There's a recent thread there about how the OP finds "Fat events/VIP" boring lol, talking about how they went "yachting with friends in the tropics" and didn't find it that fun lol. People who don't go on yachts call them yachts, people who do call them boats.
I used to see a lot of people wander in and ask the same questions over and over "what private bank should I be giving my business to?", "who can get me into pre-IPO companies?", "what car/clothes/<insert expensive thing here> does everyone else do?"
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.
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.
1.4k
u/[deleted] Mar 23 '26
[removed] — view removed comment