Others have provided more detailed advise that whatever I could. So, I will keep it simple. Grandma says: Never put all your eggs in the same basket.
Even if you are young and not risk averse, you may want to put not much more than 60% in high risk/high return investments. And the way to do it is to bet on a bunch of things that have potential. You should expect that 80% of those will flop, 16% will give modest returns and 4% will be big hits that turn in your original invest many times over.
If you recover 33% of the money invested on the flops, and your regular winners produce a 50% return, you need the big hit to be at least 12x you initial investment, so you just break even with the opportunity cost of putting your money on the bank. And you need many, many bets so you hit a 100x winner or better.
Others have provided more detailed advise that whatever I could. So, I will keep it simple. Grandma says: Never put all your eggs in the same basket.
Even if you are young and not risk averse, you may want to put not much more than 60% in high risk/high return investments. And the way to do it is to bet on a bunch of things that have potential. You should expect that 80% of those will flop, 16% will give modest returns and 4% will be big hits that turn in your original invest many times over.
If you recover 33% of the money invested on the flops, and your regular winners produce a 50% return, you need the big hit to be at least 12x you initial investment, so you just break even with the opportunity cost of putting your money on the bank. And you need many, many bets so you hit a 100x winner or better.