Meaning of “speculative investment” in the English Dictionary

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"speculative investment" in Business English

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speculative investmentnoun [ C or U ]

uk us FINANCE, STOCK MARKET

an investment that carries a high level of risk of loss, or the activity of investing in these types of investment:

The more people use housing as a form of speculative investment, the greater the risk of surges and collapses in value.
He lost millions in a series of speculative investments.

(Definition of “speculative investment” from the Cambridge Business English Dictionary © Cambridge University Press)