The money you can afford to lose

A place to talk about speculative investing ideas for the optional Variable Portfolio

Moderator: Global Moderator

Post Reply
barrett
Executive Member
Executive Member
Posts: 2028
Joined: Sat Jan 04, 2014 2:54 pm

The money you can afford to lose

Post by barrett »

My number is zero! Just wondering how many others feel this way.
User avatar
l82start
Global Moderator
Global Moderator
Posts: 1291
Joined: Sun Apr 25, 2010 9:51 pm

Re: The money you can afford to lose

Post by l82start »

the price of a dinner out at a nice restaurant.  between $150.00 and $200.00
-Government 2020+ - a BANANA REPUBLIC - if you can keep it

-Belief is the death of intelligence. As soon as one believes a doctrine of any sort, or assumes certitude, one stops thinking about that aspect of existence
goodasgold
Executive Member
Executive Member
Posts: 387
Joined: Tue Jan 01, 2013 8:19 pm

Re: The money you can afford to lose

Post by goodasgold »

Let's be realistic, guys. Sometimes even the PP has a losing year, such as 2013 (minus 3% real.) Although the losses are temporary and moderate. The Boglehead portfolio is good, too, but BH losses, sometimes heavy, can last for several years before recovering.

We have to think long term, which is why I am sticking with the PP.
User avatar
dualstow
Executive Member
Executive Member
Posts: 15307
Joined: Wed Oct 27, 2010 10:18 am
Location: searching for the lost Xanadu
Contact:

Re: The money you can afford to lose

Post by dualstow »

barrett wrote: My number is zero! Just wondering how many others feel this way.
You know, I have no problem giving $100 at a time to various charitable organizations, but when a $23 flashlight went missing from my apartment after a maintenance visit, it felt like the end of the world.

Putting some money into individual stocks occasionally gives the same rush as giving to charity, and when those stocks are heavily in the red, well, they start to feel like that flashlight.  ;)

I guess the best answer is that I feel I can afford to lose a few thousand in my VP, per year. If it happens for two years in a row, I might change my feelings about that.
RIP LALO SCHIFRIN
User avatar
MachineGhost
Executive Member
Executive Member
Posts: 10054
Joined: Sat Nov 12, 2011 9:31 am

Re: The money you can afford to lose

Post by MachineGhost »

<=10%, but only within the context of a sound strategy.  Otherwise, its just gambling and I don't gamble.
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes

Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet.  I should not be considered as legally permitted to render such advice!
User avatar
Ad Orientem
Executive Member
Executive Member
Posts: 3483
Joined: Sun Aug 14, 2011 2:47 pm
Location: Florida USA
Contact:

Re: The money you can afford to lose

Post by Ad Orientem »

I like the idea of maybe 10-20% in VT as a long term buy and hold. The rest though stays in an HBPP.
Trumpism is not a philosophy or a movement. It's a cult.
Post Reply