What Is Cheap Right Now? Investment Wise...

[zghorner]

lmao. So much to learn you have.
Trump has had nothing to do with the 50 year track record of the S&P running an average of 11.8%. Dont think short term with the market, thats where people panic and lose money. Put it in and leave it. You'll have 20 mil in 30 years and if I'm half wrong, your still well off.
But do utilize the tax saving devices available to you.

i want 20 mil in 5 years. taking a long position in lotto tickets.

 

[zghorner]

I have spent this past week researching various things, mainly trading options which i have found to be very interesting. Anywho my constant searching has led me back to the question of "what should i buy now, to win later". And i think those of you who have suggested marijuana are onto something. It is an emerging industry that basically has no competition. It seems that many of the available ETFs and individual stocks have ran hard (upwards) at this point and have somewhat leveled out. I think taking a long position in almost any of them would eventually turn into a winner though.

What are your thoughts on big tobacco companies? I would have to assume that if MJ becomes legalized tobacco companies would be all over it? I noticed one ETF in particular [ETFMG: (MJ)] had a portion of its portfolio in tobacco and it got me to thinking...

 

[montesa]

That interesting. I recently bought a small amount of Canopy Growth Corporation. I didn’t really research so it’s totally a gamble. It shot up a bit on the Canada legalization news. I should have gotten out and just taken the small profits.

 

[Dave70968]

Keep in mind that marijuana is still illegal at the federal level, and the feds are giving a lot of scrutiny (thanks, Jeff Sessions!) to anybody with financial involvement. Money made there could be seen as the proceeds of a criminal enterprise.

 

[JD8]

I have spent this past week researching various things, mainly trading options which i have found to be very interesting. Anywho my constant searching has led me back to the question of "what should i buy now, to win later". And i think those of you who have suggested marijuana are onto something. It is an emerging industry that basically has no competition. It seems that many of the available ETFs and individual stocks have ran hard (upwards) at this point and have somewhat leveled out. I think taking a long position in almost any of them would eventually turn into a winner though.

What are your thoughts on big tobacco companies? I would have to assume that if MJ becomes legalized tobacco companies would be all over it? I noticed one ETF in particular [ETFMG: (MJ)] had a portion of its portfolio in tobacco and it got me to thinking...

Be careful of this, unless you have a REALLY long term view. I had the same philosophy last year and bought some MO. Well it's down 15% since then. IT does have a nice dividend but will the political environment in the U.S. it will take forever to see a payoff. That being said, MO and PM have been hit hard, are undervalued, and again have great dividend. So don't buy these on legalization, buy them because you believe in the stock and see potential upside.

If you really want weed stocks you have to look at Canada. I've been invested in Aphria (APHQF) for a while. It's med MJ but got approval to sell oil overseas just earlier this year. It's had a huge run up and has consolidated ~$9. I don't necessarily recommend getting into it NOW unless you have a tolerance for pain but long term they are the only company up north with a solid business model and a user friendly access portal. They are an industry leader with the pack far behind for several reasons.

Other tickers to watch IVITF (Invictus MD) will be in a good position now that recreational use has been approved in Canada. Also keep an eye on ACBFF (Aurora)

Finally, personally I wouldn't pick an ETF because too many weed stocks suck. ETFs work if you have a sector filed with companies or choices with strong company fundamentals and these companies aren't just there yet. You're better off cherry picking and that's still vegas money IMO. Personally, I do it, but I also read and watch them everyday. Take my opinion for what it's worth.

 

[JD8]

https://seekingalpha.com/article/41...onsumer-growth-stock-5-percent-dividend-yield

Seems others are on the PM and MO train.

 

[Shadowrider]

Be careful of this, unless you have a REALLY long term view. I had the same philosophy last year and bought some MO. Well it's down 15% since then. IT does have a nice dividend but will the political environment in the U.S. it will take forever to see a payoff. That being said, MO and PM have been hit hard, are undervalued, and again have great dividend. So don't buy these on legalization, buy them because you believe in the stock and see potential upside.

If you really want weed stocks you have to look at Canada. I've been invested in Aphria (APHQF) for a while. It's med MJ but got approval to sell oil overseas just earlier this year. It's had a huge run up and has consolidated ~$9. I don't necessarily recommend getting into it NOW unless you have a tolerance for pain but long term they are the only company up north with a solid business model and a user friendly access portal. They are an industry leader with the pack far behind for several reasons.

Other tickers to watch IVITF (Invictus MD) will be in a good position now that recreational use has been approved in Canada. Also keep an eye on ACBFF (Aurora)

Finally, personally I wouldn't pick an ETF because too many weed stocks suck. ETFs work if you have a sector filed with companies or choices with strong company fundamentals and these companies aren't just there yet. You're better off cherry picking and that's still vegas money IMO. Personally, I do it, but I also read and watch them everyday. Take my opinion for what it's worth.

This is really good advice. I too was looking and came to the same conclusion on these companies. I didn't jump then but I still might. Don't bet the farm, and sometimes it takes a little time to dump shares on the Canadian exchange which is one reason why I didn't jump. Just didn't want to mess with OTA stuff.