/
ˈspɛkjʊleɪt/
v.
  - form a theory or conjecture without firm evidence.
 - invest in stocks, property, or other ventures in the hope of gain but with the risk of loss.
 
Derivative
- speculation n.
  - speculator n.
 
Etymology
C16 (earlier (ME) as speculation): from L. speculat-, speculari ‘observe’, from specula ‘watchtower’, from specere ‘to look’.