There’s this guy I know. He can have his bonus paid out in company stock with a discount of about 30%, and he must then keep the shares for three years. He does so every year, has been doing it for about a decade. The share price in general has been rising, so he must have made quite a sum. Good for him, of course! He understands the concept of chunk risk and sells his shares as soon as he can. However, he doesn’t reinvest the money. Instead, he keeps it all in savings accounts.
I once mentioned low-cost index funds and he (quite angrily) declared all investing “gambling”. I might have mentioned low interest rates, inflation and the like, but no—he won’t be a gambler!
For all I know, he’s one of the 14’000 PF customers.