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Plenty of countries have tax-shielded vehicles for small investments like this, which it would be handy to find out about. The UK "ISA", for example.
Good points! I do have an ISA, maybe I should limit my investments inside it. It doesn't support US shares though.
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Boglehead here...;) Good answer, and you made me think of something with a bit more risk. There are these micro-loan companies now where you can lend out cash and get at least a higher rate of interest than most savings accounts.
Yes that's a good point. Getting 5-10x gains there are hard to come by though :) You can sell options - they are like selling insurance for market crashes. That gives infinite return in practice since you get money for free. The downside is you can lose your shirt if the market goes south and are liable for the insurance policy you provided.
5-10x gains are always hard to find unless you invest for the long term.