Nope. I invest in a fund that is run by a company. IRAs I play around a bit. Your conflation is false. So do you ever spend money on luxuries? Yes or no?Kind of oversimplified. You usually cover the 'ifs' in your investment portfolio with ETFs, stocks, bonds, cds. Probably have a cash reserve sitting around. I think you get the point. Being prepared for the 'ifs' in life is not being scared.