[eru]

> That being said I would really not recommend people who don't have money and time to lose to actively invest. It's a fun hobby and can be pretty profitable, but not for everyone

Do you have any idea on the risk adjusted returns of your hobby? As far as I can tell, it's counterproductive for most people. (And if it ain't, you should probably go earn the big bucks at a hedge fund instead of whatever you are currently doing.)

And _iff_ you want more risk, you can add leverage to your portfolio instead of concentrating on individual stocks.

I say 'risk adjusted returns', because if the general market went up, it's relatively easy for some folks to be up more if they got lucky and concentrated on the winners (but equally easy to get unlucky and get below market returns).

Btw, I live in a jurisdiction without capital gains tax, so in theory active trading would be especially lucrative for me; I just doubt I can beat the market.