Suppose $X$ is a metric space, and let $X^*$ denote the free monoid on $X$, that is the monoid consisting of all finite strings of elements of $X$, with string concatenation as the monoid operation (and with the empty word as identity).
Question: Is there a natural choice of topology on $X^*$ that reflects the topology on $X$?
The free monoid on a topological space $X$ is just the disjoint union
$$\bigsqcup_{n \ge 0} X^n$$
so it has a natural topology given by the disjoint union of the product topologies. Unfortunately I don't think it's useful for very much. A variation of this construction involving 1) commutativity and 2) fixing a basepoint $x \in X$ and requiring it to act as the identity produces a more interesting construction called the infinite symmetric product which, under mild hypotheses, has the property that its homotopy groups compute the reduced homology of $X$ (the Dold-Thom theorem).