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AMG G63 (2024), Ferrari Roma (2023), Alfa Romeo 4C Spider (2020)
Originally Posted by smspragueaz
I would be more stringent on the 3rd rule of 3.
Never spend more than 5% of your investable assets on toys (boats, cars etc.) - not net worth.
I agree. I think the 3rd rule is probably subject to personal risk tolerance/preference/appetite. I believe the key is to preset a percentage whatever matrix (e.g., net worth, liquid assets, etc.), then stick with that decision at all times.