Take a flyer and (maybe) a bath

 

Take a flyer

“The slang term for a decision to invest in highly speculative investments. When an investor is taking a flier, he or she is knowingly acquiring a high-risk, speculative instrument that may end up with them taking a bath.” – Source

Take a bath

“A slang term referring to the situation of an investor who has experienced a large loss from an investment or speculative position. Investors whose shares have declined significantly are said to have taken a bath. For example, following the technology boom of the late 1990s and early 2000s, many investors, because of their huge losses, were said to have taken a bath.”  – Source

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