I'm fairly young at 28 so could take on some risk. You are young enough to get rich slow. My advice, 8 years your senior, is not to do anything that will possibly blow up in your face and turn you off to the idea of investing to begin with. It took me a decade to recover mentally from my losses in 2000 / 2001. The money I lost was chump change given what I earn today, but I was too shell-shocked to be anything but a market cynic for years. You should avoid that. Avoiding daily leveraged ETFs in a long term investment account is a good idea.