Quote from: _act_ on April 27, 2024, 08:29:21 AM

Quote from: Julien_Olynpic on April 26, 2024, 02:59:37 PM

3. Ideas from the book “Antifragile.” By the way, the concept of “barbell” is also from this book. Keep 90% of the bank in conservative assets and 10% in high-risk assets.

This can confuse people. Some people will think that the high risk assets can be gambling assets. Out of my money, I can not leave more than 5% in gambling. Most of the time I leave lower than 5%. I have read about gambling funds before and it is advised that it should not even be more than 1% of your income. Using the low amount of money can give joy and happiness as they are nothing for you and it would be like you did not lose anything. But it should be about 1 to 5% of the money you hate earning and not your total assets.

Great to hear that. I think that only means that gambling is not your passion. The one that you read about gambling fund is found in the forum? Because I also read one here before and yes, it exactly says 1%. For the people who says gambling is life, they can't find value in their game if they also use a low amount of money.

No matter if it's small or big, a loss is still a loss. You can only say that you didn't lose anything if you didn't risk even a single penny. And is there such thing as money that we hate earning? I think that's a disrespect to the money itself. It only means that we don't value it. Anyways, I believe that all people are very eager to earn but it's just that our bad habits can make us to spend more money on them.