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If you want to be an active hobbyist investor, may I suggest Magic the Gathering or Pokémon cards or Lego sets?

Basically, pick anything that's too small and niche for the serious players to tackle.

(If you want to invest in stocks, just by an index fund.)

The thing about the stock market is that there’s incredibly powerful incentives for the market to keep growing year after year. These niche markets could crash overnight and no-one would care.

Yes. So I would suggestion people not be active, hobbyist investors.

I suggest you get some hobby that's not in finance. And put your money in index funds.

> Basically, pick anything that's too small and niche for the serious players to tackle.

It might not sound like it, but this is truly fantastic advice. Really. I suggest doing the same.

Well, I only meant it as very conditional advice. The if in 'If you want to be an active hobbyist investor,' is a very big if.

Other hobbies are less dangerous.

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