Rest in Peace Jack; the last of the Finance Titan fighting for the Middle Income class.
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If anybody is looking to get in on crispr stocks, Editas (EDIT) is on a fire sale right now due to a CEO shake-up.
MJ stocks sold off heavy end of last year (Canada legalization news, tax loss selling) and came back immediately at the start of the new year. Revenue is now being reported and the sector has broken away from the rest of the market today. I am about 16% away from my portfolio highs of last October. The action this month has been almost as good as Oct-Dec of last year was bad (so really good). The Canadian tickers have been showing high volumes. Investors seem to be fullfilling the analysts projections for Canopy (1st $40 now $60). Organigram posted dope #s and looks poised to take out the all time highs. Barr has indicated he will be hands-off of MJ opertators and tthe US tickers have been surging. CBD plays are popping. Cramer started pumping. Things are running and I am pretty optimistic about the near future. Will be looking to trim soon, but not just yet. I am packed to the gills right now and we will see if this greed will bite me again.
Biotech: GWPH tanked heavy last year alongside XBI. I continued to buy and it recovered somewhat this year. Although I expect revenue report to be lackluster for GWPH, I am betting on continued good news on the epidiolex/pipeline and for them to be an acquisition target (so I am holding). I am usualy pretty skittish with biotech stocks so we will see how this plan works.
Sooooooo…marijuana stocks. CRON netted me a good 1k in just 2 days this week on 500 shares. It’s still cheap atm, so, you know, something to add to your portfolios. Just keep an eye on it, but don’t bail just because of an hour of occasional drops. It just keeps rebounding with higher gains. Just know your limits on both gains and loss.
CRON has, indeed, blasted off into all time highs and continues to blow way past old levels. I am a bit more skeptical on the valuation for this one however, I do not really see this one as that cheap. Doesnt mean it wont continue to the moon, but I will likely soon be rolling over my CRON funds into other laggards in this sector (maybe GRWG, NACNF?). I will also likely be rebalancing my CBD plays as Charlotte’s Web has jumped past previous highs to all time highs after a triple top. Depending on public sentiment, this sector may get a little silly again (insane valuations/gains, before another healthy correction - dont sleep). As I said I am optimistic short term, and although I am usually not into chasing, I will probably be rolling portions of my larger gainers to bolster some of my US Co. holdings some of which have been showing sustained gains (like GBTIF which still looks like it has room to grow, HTHHF, and ACRGF which has actually more of just sat there - with Boehner on the board no less - also CURLF which may have a little bit of upside,also will be looking at a MMNFF play despite the lawsuit int he news). I will be keeping a tighter leash on these plays that I will be rolling over into and will cut and run if things dont smell right. I am what I would consider dangerously overweight in MPXEF, LHSIF, and KSHB which seem to be lagging somewhat as well, so I hope those work out in the coming weeks. I envision holding onto my cores of CGC, OGRMF, ACB, CNTTF, ORHOF to take advantage of long term capgains tax rates I see them as relatively safe considering my entry levels. We will see how this works out. Will be interesting either way.
Yeah I’m skeptical about CRON valuation too. However, ACB still trades at fair valuations and I’ll definitely be adding more around 6 or so. CGC and CRON will probably test some resistance points next couple of days, could drag down the weed sector if both of them fold.
Well CRON just beasted another 20% last session. Looked like a blow off top at the time and I am officially out. Hope it continues upward for you Rhio. Wouldnt be the first time I miss out on an ultra-parabolic run. Although I am comfortable with my decision to roll it over into other opportunities.
The action was getting a little crazy today, I have started trimming my runners. The sector is exciting again.
So in the last year, I’ve paid off all my credit cards, cut most of them up, and started a high yield apy savings account that I’ve got about $5k in for emergency. I’ve been looking at putting a bit of money in an index fund. Any of you guys have any experience with those at all?
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Most of my actual retirement money is in index funds. I’m not the end all be all expert on them, but what did you want to know?
Very generally speaking, they’re kind of the “reliable” option when you want to park your money in stocks for the long term without having to constantly be monitoring everything or learning shit tons of technical info.
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What you want to look for are the ones with cheap management fees, or in market terms “expense ratios.” Vanguard has some of the cheapest ones you will ever find, and it’s probably better to do some digging on their website as to which ones to go with. I personally like VOO or VTI. I know Schwab let’s you trade for free on theirs.
I own bonds, index funds, and thinking about throwing in some gold for my retirement account.
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That’s what I want. I’m not one to pore over the stock section looking up everything I kind of just want to set it and forget it until I need it. I was thinking about putting a grand into a fund and seeing where that goes to start. How often do you put money in?
I was looking into Vanguard actually. Any you recommend?
We drop 16% of our pay in per month, mostly into a Vanguard fund that tracks the S&P 500 index. Basically represents most of the domestic market (which has been kind of flat lately, but the idea is to keep building up shares for the long term).
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The thing I’m wondering is, is it inflation-proof? If you keep your money in there for 10 years and it tracks the market, there’s only so much growth the market will make, are you going to technically wind up with less money on a long enough timeline if the market doesn’t go gangbusters?
The S&P 500’s long term average annual growth is about 9.8%, so even adjusted for inflation that’s something like 8% per year. Now that’s the average, so there are of course bad years where you’re flat or even lose money. That’s true for virtually every investment though.
While inflation is probably a miniscule factor in stock pricing, inflation likely does increase the cost of most shares, so I would tend to think in principle funds are a better harbor against inflation than cash could ever be.
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Good stuff, thanks for the info. Guess I’ll be hitting up Vanguard soon.
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I own VTI, VXUS, and BND in my long term portfolio. All the dividends reinvested.
You can roll with VOO, but it’s kinda pricey right now.
My wife’s work has an employee funded credit union and they are running short on cash, so they are offering, 4.4% youth CDs at a 15 year term so long as you keep the money in the CD the entire term. I think that’s pretty good as far as CDs go, the main catch being it has to be a CD for one of your children. Maximum allowed is 10K. I never thought I would find a CD I liked, but considering the likely volatility of the next few years 4% guaranteed sounds pretty good.
That’s a great CD rate, but the phrase “running short on cash” would have me worried.
One of my CRISPR stocks popping +25% today on news of the start of a human trial.
Tons and tons of volatility in the sector right now.
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