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High-risk investing is better for the young? Why?
Would my high-risk investment choices, aside from the main question, have any bearing on the road I want to go down and test (managing mutual/hedge funds)? Absolutely!  First of all, understand that hedge fund managers are managing other people's money.  Those people desire a certain risk profile and expected return, so your hedge fund will need to meet those expectations.  Plus, hedge fund managers don't typically get fixed fees alone - they also get a percentage of any gains the fund makes; so managers have a vested interest in making sure that hedge funds perform well.