Mark Matson, Founder and CEO of Matson Money, was quoted in a recent MarketWatch article, ‘It’s addictive; it’s seductive, and you can destroy your future.’ Keep ‘fun money’ from ruining your investment plan. The article examines a popular trend among some investors: fun money. A fun money account is one that is reserved to play with however the investor sees fit – from cryptocurrency to potentially risky stock picking or other possible endorphin-releasing investment avenues.
The problem? If an investor hits a winning streak with their fun money, stopping may be challenging and could result in speculating and gambling with their entire life’s savings, not just their fun money. Read the full article here, to see why Mark Matson says fun money has the potential to destroy dreams.
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