I don’t see this thread as having “morphed into a thread where we basically discuss anything we want” (post #295). Rather, I see serious posters on either side of the issue trying to ascertain whether shotgunning makes sense, and whether there might be a down side for applicants to be writing in such detail about it on CC. “Laughing out loud” about the posts (again, post #295) kind of puzzles me, when we are talking about ramifications for applicants at this level of achievement. Other original posters might actually have taken some pride in having started a thread that has generated this level of discussion.
I would suggest that an important factor to consider is that in RD especially, Adcoms are not only looking for people to admit, they are looking as well for applicants to “weed out” in order to make their decision pools smaller. In the rarefied atmosphere of the prestige schools, having a downward trajectory in grades, and ECs that are only “meh,” could be two very significant obstacles for any applicant. Given these constraints, I think the shotgunning–if one absolutely must do it and can envision no other successful path–could be done far more effectively:
First, apply ED somewhere. Statistically, one has a much better shot at admission than trying to get in RD, especially if you carefully research what each school looks for in their ED candidates. If “fit” truly is of absolutely no consequence, all the more reason to try the ED route since one can be happy anywhere that is prestigious.
Next, apply to at least 50 of the top undergrad business/finance programs. It seems arbitrary to have stopped at 31. The common app opens August 1st. Can do, say, 5 per week for 10 weeks.
Visit 5 of the schools that your research shows you have the best chance of getting in, so those essays don’t have to be cut and paste jobs.
And forget safeties all together. There are some applicants who just would not be happy under any circumstances attending a school that they consider is beneath their intellectual level.
If there are zero admissions, take a gap year to work on improving ECs, and then try again next year, perhaps expanding the pool to 75. Again, I think this approach is expensive & inefficient, and IMO, one disregards “fit” at their peril. But if one has to do it, maybe this could increase chance of admission by a slight increment.