Uncorrelated High Risk Investments for the Retail Investor

[NickCQ]

I'm looking to go risk-on with a portion of my portfolio. The way I see it, I'm using up my tax-advantaged wrappers (ISA and pension) for the sensible stuff (equity / bond index trackers) so would like to take on a bit more risk outside those to hopefully increase overall portfolio returns.

I want to make a series of small investments / bets (no more than a couple of £k each). Ideally they would all be uncorrelated with each other and not correlated with the general equity market. Also, I don't want any operational hassle to manage them.

Things I am excluding include actual gambling (including financial spread betting), bitcoin, venture capital and 'classic' cars (not that you get many in the lot sizes I am considering). The last few because I think that's just loading up on leveraged beta exposure, which I could do more efficiently elsewhere.

What would the finance forum regulars suggest and why? Has anyone done this exercise themselves?

[drainbrain]

A Celtic and Bayern Munich double to win their respective leagues couldn't really be called gambling...well worth a couple of k.

Edited by drainbrain on Thursday 17th August 13:12

[GR_TVR]

drainbrain said:

A Celtic and Bayern Munich double to win their respective leagues couldn't really be called gambling...well worth a couple of k.

You can get a 24% return on that double, not too bad in fairness.
Always a risk, of course. I looked into betting on Utd to get top 4 a few seasons back - they'd never finished outside it under Fergie. I didn't do it, and fortunately so as it coincided with Moyes taking charge.

Pretty sure the odds were a lot less than 24% return as well...hmm!

Anyway, probably a moot point since OP is probably looking at other avenues...