Quote from: picolo on July 27, 2014, 01:15:43 PM
Putting every penny into any single thing is a daffy thing to do. I've put a big chunk in but don't have any dependents and would quite happily live in a cave anyway.
Putting all your eggs in one basket violates every basic investment principle, but it is also the way to get really, really rich if your bet pays off. Key is to remember when you do this you really ARE making a bet.
Well the problem with this is that the chances are very slim that you are going to find one investment that will pay off really big like this, and the consequences are severe if it turns out that the gamble that you make does not pan out.