Treat yourself kindly. Diversify to insure against extreme volatility and unacceptable losses. Then, on the fringe of your portfolio, you can go for the big score without risking too much. You find such creatures not only on Wall Street, but all over Main Street, too. And they might hurt themselves more than they hurt others.
Nobody likes paying taxes.
And if there's a way to keep money out of Uncle Sam's pocket, most of us will go for it. Fidelity customers overwhelmingly preferred the traditional IRA to the Roth last year, as well. The story is similar at American Century, the Kansas City mutual fund family. Of course, some of this results from income limits on Roths, but that explains only part of it. Mass. It takes more than a presentation of the facts, he adds, to convince many clients to buy into the Roth.