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I'm in the process of rolling over a 401k (Vanguard) from my last job into an IRA. I'm 27 and have a pretty high risk tolerance and I'm wondering if it would be prudent to pick my own stocks - mostly div paying bluechips at a good price - and hold back maybe 5 or 10% for some speculative action. I'm not looking to be a daytrader or anything of that sort, but I do want to try to pick a few companies that might be taking off in the next year or two. The account is currently around $9300 and I figure I'll take a shot with $500 of that, maybe $1000 if I find something really good.

Does this sound reasonable or am I just young and anxious about letting my money sit for 40 years?
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