Posted this in the IB forum too, but figured I'd give the hedge funders a try.
Made a few highly speculative investments since the crash, the latest which basically involved me YOLO'ing my life savings from banking into a hyped up SPAC which proceeded to go ballistic. Conservatively I estimate I'll be able to double my position which has appreciated to 750k, I'm still invested in the SPAC, and pull out $1.5mm in ~one month if the floor doesn't fall out from beneath the market. If I get lucky I'll pull out $2mm.
My biggest question is what next? Believe it or not I'm not a huge risk taker but I decided to speculate due to educated extrapolation and pretty much my intuition / gut feeling. If I get to around $2mm, should I keep going to see how far I can take it? There are so many generational companies going public in Q3 - Q4 and the market is on literal fire, it's like shooting ducks in a barrel. Insane IPOs coming to market include Robinhood, Doordash, Snowflake, Airbnb, Unity - and these are just a few off the top of my head. I think if I keep opportunistically trading in and out of the market on very strong momentum stocks, I don't see why I can't double up a few more times and potentially see if I can get my net worth into the low 8 figures.
I've been in banking for 4+ years and am basically completely bored / coasting through at this point and probably not masochistic enough to gun for making MD. I'm a highly respected top bucket associate in my group but not sure if people know how bored I am with banking in general. I'd probably quit if I was able to get to get to mid-to-high 7 figures.
What would you do if you were me?