Hi all, i see many posts of people on Reddit investing in single stopcs, hyper sector concentated etfs etc. And that makes me wonder, at what stage of life or net worth amount do you/do these people stop making stock/sector bets and instead use broad market indexing founds for peace kf mind while fcusing on life, high savings rate and consistency of investing?
What i mean os, I could understnd whi had 5k to ivest only and wants to make a bet to make it big or loose it but those with 500k/1m+ why not just invest in the btroad market and do the compounding and consistency of investing do the work without that extra risk and stress?
I know people have different goals, some have a gmbler spirit, others a low risk tolerance, but to me it soundss crazy that someone with 1m for example would choose to risk it rather thab see the fruits of compounding and diversification do the work.
Curious to see from those of you in here who has been a "gambler" and then later a diversified passive investor and what took you to get there.