definitively stocks

thx am now adicted to weed

Giving advice when Gold: 525.00

Here are the issues/fallacies.

1. People frequently post stock graphs of the pot stocks that absolutely soared, but no one mentions the ones that didn't.
2. A "poor performing" stock is typically one that is flat or down like 10% YoY. In the pot space, if it doesnt work out well, they absolutely crash and you lose every penny as they go to zero.
3. While dated, about a year ago i recall a finance insider article that tracked every pot stock that IPO'd in the past 5 years and 87% of them were defunct.

Thus, no, I will not be betting on pot stocks/pharma stocks that are essentially pot stocks, because I'm not an idiot.

^^

3 min 54 seconds

"1000 stocks over 26000 in the last 100 years accounted for all stock market gains in the past 100 years"

So, basically: buy large caps (>10 billion $ value) that are proven winners... apple, microsoft, google, csu, canadian banks, railway companies, etc.



This post was edited by moutonguerrier on Nov 5 2019 06:58am

Index funds are the best and safest way to make money in the stock market.

Aw did you lose money? I know lots of people did. It is no secret that you can lose money in the stock market. I guess I needed a disclaimer for my post.



don8



I'm not talking about long term investments, I'm talking about an opportunity that will come and go.
Although it will be a viable business and some cannabis companies have market caps that high already. I'm talking about the opportunity to make money from the hype, which I did before and will do again.
I guess I feel good about it because I made a generous return in an extremely small amount of time, but those who lost money or know people who lost money will feel different about it.

Maybe don't risk money you can't afford to lose, don't try to day trade if you have no idea what you are doing and don't listen to some random guy on d2jsp, always do your own due diligence.
I'm just telling you what I think will happen, my plan, and I'll tell you how it worked out for me afterwards, just like I did with Canadian marijuana stock investments.

This post was edited by pussymoneyweed on Nov 5 2019 08:55am

If bulk of sales are to be tied to US, best wait until they downgrade the drug tier. My friend and I were looking to mass invest before the Trump administration came in, and since they did we have avoided it.

Luckily it will be recreational in Illinois next year, but on the federal level it's still viewed the same as heroin.

I remember when Trump was elected, Back when WEED stock soared from 11$ to 17$CAN, what a great day for the market. WEED then went on to hit around 72$CAN on legalization day. I'm a Canadian living in Canada, but our market is very correlated to the US market.
First time I bought Canopy Growth Corp (WEED) stock it was called TWEED and was less than 2$CAN a share.

When everyone is doubting and fear mongering and telling me all the reasons why it's not good, these are the times to build my position. When the hype comes in the US and banking laws help bigger money invest in the space, and possibly Federal legalization one day, thats the time to protect profit and when euphoria hits like it did in Canada and everyone was up thats the time to leave with profits and search for the next opportunity.

all my opinion of course, there are always several possible scenarios that could play out and I am just betting on one of them.

I'm just saying to be weary. The alcohol and tobacco lobby down here has a strong grasp on congress, which is a major contributing factor as to why it hasn't been federally legalized. It's like investing in Tesla at the moment, when their administration is pushing for restrictions on electric vehicles and paving the way for conventional ICE vehicles.