To “take a flier” means to make an investment that involves higher risk, often based on a hunch, a gut feeling, or the chance of a big payoff. It’s like taking a gamble on a stock or opportunity that could go really well or lose value quickly. People usually take a flier with a small part of their money, knowing that the outcome is uncertain. This kind of move is more common among experienced investors who are comfortable with risk and have a solid long-term plan in place. Taking a flier isn’t a strategy for steady growth, but it can sometimes lead to big rewards — or quick losses.