hello HOG.
what do u do? where does all your $$$ come from?
I shall follow in your foosteps perhaps?
:sarcasm:
xo
Allegra, I suggest you do not go down the gambling route.
Work out how much you spend and how much you can put away. You could also leave a little for a punt but don't put it all on the punt. Gambling is addictive as if you win once, you think you can do it again but usually, that is not the case.
You are young, learn to invest as you have time on your side.
I suggest as above, work out how much you can put away and never touch it. Stick it in the bank for 3-4%. Assume this money is spent and that you don't need to rely on this.
When a downturn occurs in the market. Look for some good quality shares to invest in preferably with good dividends (as usually you can get away with paying little tax on the dividend.)
Then over 5-10years, the market booms, when everyone is yelling buy, you sell.
But because you are young, you can afford to ride out the bad times.
The key is that YOU MUST NOT RELY ON THAT SAVINGS. i.e. you will not use it for buying a car or paying rent, etc. You must consider it spent.