I keep a little money aside for gambling every year too. Put it into stocks that break my investing rules - like a stock with awesome science but poor management where I would never invest. And I don't count these little gambles as part of my portfolio, so the money is essentially gone from the beginning. Satisfies that part of me that wants high risk without breaking the bank because its money I put aside to be able to lose. And inevitably, it is lost, because small biotech can't survive bad management! :)
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