The commercial gambling industry made over $44 billion in 2021, according to the Washington Post. Gamblers who stay within their predetermined limits are not in danger of being hurt economically.
Investors can gamble in the stock market without leaving home. If they do so within their “fun” portfolio, they will not be hurt economically. Their “fun”portfolio is their predetermined limit.
What qualifies for a “fun” portfolio?
Picking individual stocks is most commonly used. Over the last two decades, the average stock-picker earned 42.6% less than the market! Do you think that this will be any different over the next two decades?
Then we have active trading. Searching for “active trading” on Social Science Research Network (SSRN) will produce many peer-reviewed papers showing that active traders are losers. Visit SSRN and look for “penny stocks”, “day trading” or anything else that interests you about investing and see what the academics have to say about it.
Here is how to use a “fun” portfolio and benefit.