Serious question, why did I assume peer pressure wouldn't affect my investment choices?

I allocated a significant portion of my emergency fund to a speculative asset after colleagues wouldn't stop talking about it. In my experience, this resulted in a liquidity crisis when my car needed urgent repairs, forcing me to borrow at high interest. Your mileage may vary, but what safeguards do you use to separate social hype from sound financial decisions?

4 comments

4 Comments

jessica_moore8h ago

After my cousin lost his shirt on crypto, I set a 5% cap on speculative plays. Everything else stays in boring index funds or cash, no matter what the office chat says. That boundary saved me during last March's market dip.

noah8725h ago

What led you to set the cap at 5%? Is it something you reassess over time, or more of a set-it-and-forget-it boundary?

kim73411h ago

The liquidity crisis part really hits home for me.

jenkins.hayden11h ago

Always thought it was overblown, but your comment changed my perspective.