There's a fascinating tribe in the wealth management world: investors sitting on portfolios worth $1 million to $5 million. You'd think they'd be all-in on aggressive growth strategies, right? Wrong. Many of these "moderate millionaires" are actually playing it old school—literally clipping coupons, sticking to dividend stocks, keeping cash in bonds.

It's a reminder that hitting seven figures doesn't automatically flip a switch in your brain. Some folks just don't feel "rich enough" to take big swings. They've built their nest egg through patience and caution, and they're not about to change that formula now.

Whether you're diversifying into crypto or staying 100% traditional, the psychology is the same: people protect what they've got. The irony? By playing too safe at the $1-5M level, you might actually be limiting upside more than necessary.