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[EDITOR’S NOTE: The White Coat Investor espouses an investing philosophy that says you can get wealthy and/or reach financial independence by being slow, steady, and consistent with your financial plan. As WCI founder Dr. Jim Dahle has said, investing should be boring. But we also know that some investors like a little excitement in their portfolio. That’s why we occasionally write about topics like crypto, options, and collectibles. We acknowledge that these alternative strategies can be used by a smart investor, but we maintain they should not use more than 5% of their portfolio in these so-called “play money” investments.

In this occasional series, titled The Other 5% of Your Money, we explore these alternative strategies. Our next piece in this series will run in a few months, and it’s about angel investing. If you take part in alternative investments (anything from investing in futures, high-end art, short selling, sports gambling,

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