Re:Stanford CS007: Personal Finance For Engineers
by Procrastes on Tuesday November 28, 2017 @12:39AM
(#15794718)
This. That's pretty much exactly what I did, although it was more like 800x because bitcoin. It gave me quite a bit of peace of mind to know that even if I was wrong, I was wrong in a very reasonable way and not completely out of the game.
The other criterion I'd use is that if one of my risky bets has returned enough money that I could likely retire from it (i.e. >25x annual expenses), I would sell enough to be capable of doing that. That's such a monumental quality of living change that it's not worth it to keep the same level of risk.