Allow me to share a story with you. You’re an affluent investor who understands the concept that taking on more risk may bring higher rewards. You also understand the importance of asset allocation and not putting all of your eggs in one basket. One day, you’re playing golf with a friend who keeps checking his smartphone during your round and his constant smiling is beginning to annoy you (especially after you missed that short putt on the last hole). Finally, you ask him what they’re looking at on their phone.
“I’m watching this investment I have go up 25% just today.