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RE: Case Against "not investing more than you can afford to loose" And Why Letting a Monkey make your Investment decisions is an Objectively Viable Strategy.
When I say do not lose more than you can afford it means not beyond what you need to survive. Rent money and food do not lose that. It is easier to save more and invest when I am ready rather than become a homeless bum just because of my greed. I have no 401k but saving 529 for my kids. I just save and earn for the sake of supporting my family first. Thanks.
It's better to just say: "Don't invest your lunch money. Invest your saving."
That much is obvious. You don't know what might happen with your life. On the bright side, their is SALT which gives loans for your crypto holdings. If you pick a good HODL coin, the loan would pay for itself.