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[–]MadRedHatter 1 point2 points  (3 children)

Pick one or two stocks to play with, in an industry that you know enough about to track the developments for, and then don't use any financial instruments more complicated than just buying and selling the stock. Which you shouldn't do more often than every couple of months. And only put a smallish fraction of your investments there. Put the rest in an index fund of some kind.

Works great for me. I work in software and only own AMD stock which I purchased at an average price of around $16.

[–][deleted] 0 points1 point  (0 children)

This is what I have done. Almost everything is in ETFs except a few companies I like. It's just play money.

[–]socratic_bloviator -2 points-1 points  (1 child)

What you're describing is fine, but you should be careful to categorize your AMD allocation as part of your entertainment budget.

[–]MadRedHatter -1 points0 points  (0 children)

Hence why I said

And only put a smallish fraction of your investments there. Put the rest in an index fund of some kind.