PTJ was pretty famous for reversing his trades on a dime...sometimes a few times a day. So, take this with a grain of salt. Nevertheless, I think he aptly summarizes the investing headwinds we are facing right now.
Link: https://twitter.com/SquawkCNBC/status/1521462839478730752?s=20&t=QNGnEglQE5VxDnmK3Bahyw
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US cannabis stocks have been absolutely pummeled over the past year, during a period in which they have experienced extremely strong growth, dramatically improving fundamentals, and increasing statewide adoption.
So why the disconnect between fundamentals and stock prices?
Chuck Schumer and Cory Booker.
These two are the greatest impediments to federal reform of our puritanical cannabis laws. They want a PERFECT reform bill that EVERYONE knows will never happen. So, in the meantime, they block widely popular bills with broad bi-partisan support (SAFE act, MOVE act).
So the US cannabis companies must trade on the pink sheets, with extremely low volume and easy manipulation. When the laws loosen up and these stock can trade on NASDAQ, look out.
NEVER EVER take investment advice from an anonymous message board moron, but the risk/reward profile for these stocks is extremely attractive. I own a shit ton. Have recently added to some positions.
It is inevitable that the laws will change and cannabis will be legal everywhere. Already in several state, cannabis tax revenue exceeds alcohol revenue.
space at the same time and some got hammered. Good luck on your investments. 20 yrs ago i was in LE. I never sought jail time (office policy). Weed was never a big deal unless you were a professional caught with a joint and then your license was at risk if you took a conviction so usually even those cases got dismissed after 6 months with "good behavior. "
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Too soon?
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You know, for Jesus.
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...being a landlord can be a real pita though.
With the recognition that the cash is being steadily debased by inflation. But the cash gives you the option to buy the stocks and bonds after they get demolished. Set up a ladder of T-bills. Ten-year Tips are cheapening along with ten-year notes. Real rate is at zero or so now....if it gets to 1% they should become part of your portfolio, IMO.
Shadow mentions REITS. They historically perform well in inflationary situations. But I think you have to be careful to buy REITS that actually own properties rather than mortgage securities. Avoid the type of REIT in the attached link.
Link: https://www.kiplinger.com/investing/reits/604061/mortgage-reits-for-yield-hungry-investors
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Maybe not long term?...but the linked WSJ article talks about how Argentinians are using crypto to hold wealth value, since the peso is experiencing 40-55% inflation. If they get paid in pesos, they run out immediately, and buy long term storable goods. If they get paid in crypto, they can wait.
Link: https://www.wsj.com/articles/inflation-got-you-down-at-least-you-dont-live-in-argentina-11650898676
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e current inflation could start to eat away at dividend yields.
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