High Risk Investment Advice, Please.

[Limth]

In the new financial year, I want to put some money in something high risk.
I'm a very cautious investor usually but I want to take a chance and see what happens. I'll only invest an amount that I can afford to lose.

If you had a few grand spare to chuck at something high-risk, what would you go for? Where do I start?

And how do you manage it once you've invested? I mean, my other investments are long-term so I put money in and then forget about it. But if I'm in something high risk, does this need more regular attention?

Thank you!

How high risk do you mean? You say you are cautious, so do you mean shares instead of savings, or do you mean unregulated who-knows-what-might-happen risk?
What attracts you to this when you say you are a cautious investor?

What about a Vanguard Fund? They have different levels of risk.

Thanks both, this has given me a lot to think about.

I do have shares-based investments so I'm not that risk averse. They're actually Vanguard low-risk trackers. I could put some into a higher-risk product I guess.
But I guess I was thinking more off-piste. A friend of mine dabbles in Crypto currency. I'm not sure I want that specifically, but something on that kind of slightly 'out there' vibe.

I'm drawn to it, TBH, because I can afford it. I can afford to have a play around with about £5K and see what happens. Sorry if that sounds very gauche.

If you're looking for something a bit different, try Crowd Cube. It's a place where businesses go looking for capital for startup/expansion etc. You can invest in return for shares. They are authorised and regulated by the Financial Conduct Authority (FCA).

You can pick which business that may be of interest to you, read about it and decide on whether you wish to invest or not. There's normally a couple new ventures every week.

I’d go for private equity on Seedrs if you want something higher risk but potentially higher reward (but are you prepared to lose it all?)

If you’re considering in venture capital trusts then there can be some pretty good tax breaks associated with them: https://www.gov.uk/guidance/venture-capital-schemes-tax-relief-for-investors

Oh these are great, thank you.

My DP has actually had some venture capital investment in his business but I've never fully understood how it worked from the other side.