I Believe That Stocks Are Children’s Future…

If you want to set your children up for the rest of their lives financially, teach them the importance of becoming financially free by pursuing wealth and not just income.

A college degree guarantees you nothing. The value of one will continue to diminish over time as more and more people become college educated.

My daughter asked me on Saturday my opinion on investing in marijuana stocks. She said that her generation, the one that comes after millennials, has widely adopted the use of marijuana.

She got the idea from an 18-year-old classmate who opened an IRA and made Aurora Cannabis (NYSE: ACB) her first purchase.

I told her that the best way I think you should play the trend is to purchase multiple companies, because it’s very difficult to pick the winners.

My daughter and I spent most of our dinner together talking about investing. She would ask questions, and I would answer.

I don’t know what the future holds, but I love the fact that she’s showing a sincere interest.

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click the image of the book at left to be taken to its Amazon page.  (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)

 

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Weed Stocks: Yes? No? Maybe So?

pot stocks

A very good friend of mine asked me this week if she should invest in a cannabis company.

My answer was “I don’t know.”  Because I have no idea who the winner, or winners, will be.

Here’s an interesting piece of information…

As you may know, 2018 has been a monumental year for the legalization of marijuana.  Canada made it legal to use marijuana for recreation, as did the state of Vermont.  Beer, wine and spirits company Constellation Brands (NYSE: STZ) invested in cannabis company Canopy Growth (NYSE: CGC), and tobacco company Altria (NYSE: MO) announced on Friday that it was investing $2.4 billion in Cronos Group (NASDAQ: CRON), another pot company.  Yet the marijuana exchange traded fund (ETF) Alternative Harvest (MJ) is down 36% from its all time high.

Why is that?

Well, for starters, most if not all of these cannabis companies are losing money.  Even the well capitalized ones.  I know that their goal is to focus on growth and sacrifice profits in the short run, but I still don’t know who will end up winning.

I myself have not started a position in any cannabis company as of yet.

I will post more on this sector as time goes on, so keep tuning in!

 

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click the image of the book at left to be taken to its Amazon page.  (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)