Stock of the Day
Stock of the Day
Out of context: Reply #129
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- mg330
My wife and I are considering investing $1k into something via e-trade or one of the leading stock sites online. I'm especially interested in cannabis stocks and while the early entry-point was a couple years ago (from what I've read) I've been doing a lot of reading about the growers and their stock, and the larger non-cannabis companies getting into deals for infused products and other things.
Where's the best place to start and what's the easiest path to take to get an account up and running, and invest in something we feel has potential? Any good guides out there? Any advice from experience?
- You should've invested 1k 30 years ago. Now 1k won't get you anywhere really.NBQ00
- At this point it's really just a "get ourselves familiar with things" approach in advance of working with a financial advisor once we're ready to put more in.mg33
- don't invest in pot stocks!monospaced
- If you want to do it right, go to a big house like Charles Schwab or similar, and open an account and talk to them. It won't cost anything.monospaced
- Right now there isn't a pot stock buy. None of them are really making money and there aren't any big companies that have solid business plans that are publicmonospaced
- That whole industry has yet to stabilize. Of course the fact that THC is still a banned substance federally is an issue, not to mention that it's a cash businesmonospaced
- Everyone i know who invested in pot stocks lost 98-100% of their money the last 3-4 years. Not even exaggerating. Billion dollar valuations evaporated overnightmonospaced
- If you want to invest, find some stable mutual funds that will provide long term growth, and then smartly invest in stocks on the side, which is more risky.monospaced
- Oh, and $1000 isn't really worth investing. Go for a lot more, or else you'll never really feel like you've done much.monospaced
- Aurora was selected by the German government as a supplier and they are expanding their growing facilities. They expect a sharp rise in revenue in the mid-term.zarkonite
- That being said, I think Mono's advice is sound and a better idea than pot stocks.zarkonite
- Some online trading platforms will offer low trading fees but be careful they tend to make it up in fees for taking your money out of the account.zarkonite
- Good advice, thanks mono.mg33
- I'm trying to pay attention to these companies that are forming partnerships with bigger corporate beverage companies.mg33
- especially as legalization gains ground in more states and potentially at the federal level if a Dem wins the presidency.mg33
- Ex, the pot company Dixie Brands is partnering with Arizona Tea to create products. https://marketrealis…mg33
- Meat alternatives and carbon collection are the new cannabis stock.ben_
- You're better off investing in a brand company that gets involved, yes, but even then it's no guarantee.monospaced
- Nothing worse than investing $1000, experiencing a huge 20% gain, and then only seeing $200. That's why I advocate for bigger investments, to make it worth it.monospaced
- Do your research. Then dump $5-15K. And don't freak out if there's a dip. Most of the time you can wait it out, especially if it's a solid investment.monospaced
- If your in canada use your TFSA if you are going to actively trading. You wont pay any tax on money you make. Also HMMJ.TO is a pot stock ETF that pays dividenderyx
- There are fees to open and trade within an account. That's what makes $1k too small of an investment. You'll lose 20% of it just to get to zero.monNom
- As for pot stocks, they are the riskiest thing you can buy. 99.9% will flame out and lose everyone all their money (except the execs and underwriters)monNom
- What you're really talking about is gambling, not investing. Better to go to the horse-races, as your transaction fees will be lower.monNom
- If you want to invest, put 60% in a basket of diverse equities and 40% in bonds and equivalents. Slow and steady with little chance of losing everything.monNom
- ETFs for market indexes make this easy, though some are riskier than others if they don't hold the underlying security, but use derivatives to approximate.monNom
- Exactly monnommonospaced
- at this rate assets are already overvalued. invest the 1k into something with room to grow like guns and ammodeathboy
- of course its a risk. they could force buyback or commandeer guns. but very hard since theyre in your possessiondeathboy
- very different than same actions in the stock markets and retirement where you have 0 value in possessiondeathboy
- Just spend $1k on growing equipment and then sell the weed to your friends, neighbours and kids in the park..SlashPeckham
- Or just spend $1k on weed and go from there... you’ll make your 20% much quickerSlashPeckham
- lol deathboy with the absolute nonsense, uninformed, stupid as fuck, comments ... go play with the other stupid fucks.monospaced
- You advocate for purchasing firearms in a discussion about buying stocks. Moron.monospaced
- I invested $1K around two years ago with wealthfront.com just to get a feel for things. It's a robo-advisor that helps you pick mutual funds. I'm up to like...nocomply
- $1075 now. But I've learned a little and at least I didn't lose anything.nocomply
- Most mutual funds will require $2500+ to start. Look at comparable ETF's if you want to invest less. Get an S&P 500 fund, nothing has beat that in years.formed
- Skip the gambling. Wait until you have enough invested that you have a foundation, then gamble with a tiny percentage.formed
- Mono's advice is spot on. I would be careful of investing too much in anything now, though. EVERYTHING is overpriced - stocks, bonds, gold, etc.formed
- Look at VANGUARD'S WELLSLEY and WELLINGTON FUNDS for safer, diversified mutual funds, as alternative's to Index Funds. Not skyrocketing performance, but safe.formed
- Trumpster is playing games with the world's economy. He has been destroying the stock market and could trigger a real recession...or he could pull it all backformed
- before the election and declare 'victory' over China (which will be another pathetic lie, of course, but people like db lap it up) and move the markets up.formed
- No one knows. His admin cares nothing for America or the world, only for their personal agenda's, so how/why he would do something catastrophic is a guess.formed
- formed is DB me? if so why and what is it i lap up? and none of your statements are remotely true. trump has little do do with marketsdeathboy
- monetary policy and debts has much more to do with it. daily algo trades may spark interest in statements, or broad based news on tariffs.deathboy
- Tariffs that effected profitability may make sense in past days but you dont have to have profit now to be a rockstar trade. see how peopel buy bad newsdeathboy
- i seriously have no idea where people should put money except in direct usable tangible assets. ones not for investment but for usedeathboy
- That’s because you’re clueless. Fuck off.monospaced
- /\ lol.ben_
- Buying direct tangible assets isn't investing, it's just buying shit ... 99.999999% of tangible assets DEPRECIATE you jackass. This is why you'll die alone.monospaced
- Actually, investing in something tangible that can earn you money is a great strategy. Buy a camera, sell photos. Buy something cheap, sell for more.monNom
- Use your excess capital to start a business that generates more money. That's smart investing. (And harder than just giving it to a mutual fund and praying)monNom
- Well, yeah ... maybe a house. But he didn't say that. He said buy guns. Your descriptions aren't of tangible assets that appreciate in value, btw.monospaced
- Starting a business is work, not just buying assets. Becoming a photographer isn't investing either.monospaced
- @nocomply with inflation over 2 years you basically made no money on your investment. Just following the DOW you should have had a lot more...zarkonite