Use only 'mad money' to invest in fads

Investors with a compulsive need to participate in any ongoing action should do so by having a 'mad money' allocation-money they can afford to lose

“Should I invest in the Zomato IPO?” Questions like this one have become commonplace as many new age companies queue up to raise money from the stock markets.

Such queries start rising when the market turns bubbly. It is not restricted to the initial public offering (IPO) market. Investors also want to know whether they should invest in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). Then there are always the latest investment products from life insurers. 

The barrage of queries made me think. It seems like another lifetime on March 19, 2020 when I wrote in this