Mad money is commonly defined as any sum of money that you would set apart for personal use, emergencies or purchases you may not have planned for, among any other such ends. It is a good concept when it comes to investment and managing your finances. You can aportion your money to different categories say, savings, spending, charity, among other such categories. With a mindset as this your finances are well managed and secured, for instance if you get an emergency you would not have to take from what you have saved up for investments, instead you will take from that portion you've set apart for that reason. It helps you grow your finances much more intentionally.
Mad money means focus on investment and speculation, particularly in publicly traded stocks.
which some investors have used to make fairly high returns in a relatively short time frame.
n other words, these rises were not attributed to any new news that companies had released and, most importantly, they were not sustained for very long. In fact, the study demonstrated that these increases faded away within some period.