A point that doesn't get made often enough is that John C. Bogle never recommended a 5% allocation to what he called "funny money" (not "fun money.") He only talked about it in the context of how to manage a speculative urge if you couldn't resist it.
And an important point, which I suspect people rarely comply with, was that he said the "funny money" should literally be kept in a separate account, and never commingled with "serious money." Arguably that means it should not be included as an integral portion of a unified portfolio.
And an important point, which I suspect people rarely comply with, was that he said the "funny money" should literally be kept in a separate account, and never commingled with "serious money." Arguably that means it should not be included as an integral portion of a unified portfolio.
Statistics: Posted by nisiprius — Fri Jul 12, 2024 10:24 am — Replies 20 — Views 1612