I’m on a text chain with my grad school friends.

I’m on a text chain with my grad school friends.
by EricCartman (2021-01-29 16:16:32)

In reply to: Agreed posted by ravenium

Six of us:

Two trade their own capital as their primary source of income. One is a beast, one makes about $200k a year.

One works at a bank as a trader, so he is limited to index funds (he can’t hold an individual position for more than 30 days)

One is a pure yolo gambler. He will go all-in with over $100k on a single trade for a week or two at a time.

I’ve always invested in a disciplined asset allocation model. Only recently have I started with individual stocks, and it’s mostly to have fun with these guys.

The other I’m not sure about his investing strategy.

I say all of this to highlight that even within a group of finance professionals, there’s a wide range of investing styles. Everyone does what they think is best/ they are comfortable with. If people want to yolo their savings, more power to them.