Yeah HMMJ has holdings that may already be overvalued but hell, this may be the beginning too. The risk factor for other marijuana markets scares the shit out of me even if the earning potential is a lot higher. This is all I can stomach at the moment. Maybe that changes in the future and my risk tolerance increases.. but meh, by then I'll probably miss the boat once again (I was going to get heavily into weed stocks two years ago too, this is why I can't trade..too much of an indecisive pussy)
Hey Nerds: Blockchain
- Thread starter zeke
- Start date
MindzEye
Wayward Ditch Pig
Set a chunk of capital aside that if it evaporated into nothingness tomorrow you wouldn't miss it (whatever that number is for you) and go balls deep son.
If you're looking for professional opinions on the sector, your best follows are Alan Brochstein (and his 420 investor service) or Technical 420 https://technical420.com/
If you're looking for professional opinions on the sector, your best follows are Alan Brochstein (and his 420 investor service) or Technical 420 https://technical420.com/
Will do. That's basically what I'm doing with HMMJ at the moment. Maybe I diversify a bit with other markets. Have about 1.5% in HMMJ right now.. was thinking of going with 5% but maybe just maybe I say **** it and explore other markets with the rest. Time to dig in and research.
Habsy
Not playing around anymore.
What percentage of your portfolio do you expose to 420?
MindzEye
Wayward Ditch Pig
About 95%
Which I know is way more than any sane financial advisor would tell me is rational. But like I said earlier, I'm looking to get rich, not be safe. No kids, a bag of professional certifications in my field if I ever need to go back and I'm retiring to mexico anyway so I could pretty easily manage that if I work until I'm 60-65 even if I had to start from scratch today.
Worth the risk to me.
Now in fairness, it didn't start out like that. Conventional stuff was closer to 30% of my portfolio at one point, but the MJ stuff has gone up 500-600% and the conventional 8-10%. I just have no interest in rebalancing.
Habsy
Not playing around anymore.
Well it sounds like you're monitoring daily and that is a good thing. If your payoff has been that high it could be a bubble. Furthermore, if you're invested in US 420 then Sessions' idiocy may have a negative effect on the growth. I'd like to get into it more but damn, this administration scares me where Pot is concerned.
MindzEye
Wayward Ditch Pig
Sessions opened his mouth a couple weeks ago, and scared the **** out of the industry, we saw a bloodbath in the MJ markets for a day. Then a return to gains. The general sentiment is that he can't do what he wants to do and has no power to change it. It's actually been encouraging from an investors standpoint, it was the thing anyone invested in US MJ was afraid of and the reaction of the companies involved and the market overall after the initial panic was "meh, **** that guy, he ain't doing shit"
As for it being a bubble...sure, it could be. But I think it's more instructive to look at it another way. The only historic analogue we have for this is the end of prohibition and a pile of massive companies ended up birthed out of that. If you could have bought into the alcohol industry at the beginning of 1934, I imagine you would have done pretty well. Are there some over valued companies with goofy forward P/E's? Yeah absolutely but I guess it depends on when you got in. I made my first CGC purchase at 1.70. It's trading at 35.40 right now. Would I feel comfortable banging a bunch of money in at 35.40? No. Will I continue to hold what I have though (which is almost entirely gains). Yeah.
It's a brand new industry built from nothing with a more or less guaranteed chunk of revenue in the 10-20B range in Canada and the 20-25B+ range in California. Find the winners, ride them.
WellPlayed
Well-known member
I'm looking to do the same. I've got a defined benefit pension and a minority ownership in a mostly passive income business that is doing quite well - both of which will be waiting for me if I need to work until I'm 60. Going to swing for the fences on the investment portfolio. Now to build this thing up.
Habsy
Not playing around anymore.
20/20 hindsight. I wish I knew when it was at 1.70 and had that sort of potential. Buy up 100K shares then retire again.
MindzEye
Wayward Ditch Pig
Yeah, CGC is an exercise in hindsight now. But the CGC's of Cali, Germany, Australia, etc, etc are still out there waiting to happen.
Habsy
Not playing around anymore.
Care to share some companies to research?
Fully in on the ride. Backed out of the etf and went for two leading individual stocks which may well be overvalued ATM. Or maybe they're just beginning. Either way I invested enough that would not make me suicidal if I lost it all and not make me regret not getting in the game in case serious gains are made. Ie. I can still get a hell of a nice chunk of change if things explode in a good way.
Taking some deep breaths and ready to roll with all the punches.
Today was a good day to start. Have some cash coming in my account tomorrow and will invest the rest then. Time to sit back, pretend god is real and pray the **** out of shit
Taking some deep breaths and ready to roll with all the punches.
Today was a good day to start. Have some cash coming in my account tomorrow and will invest the rest then. Time to sit back, pretend god is real and pray the **** out of shit
MindzEye
Wayward Ditch Pig
Avoiding the big Canadian players (which could easily turn into international plays as they're already fighting over Germany)
Canadian based:
Cronos (MJN)
Harvest One (HVST)
Maricann (MARI)
Radient (RTI)
US
The Friday Group (TGIF-Nevada)
Tinley Beverage (TNY - Cali)
Sunniva (SNN - Cali and Canada operations)
Liberty Health Services (LHS - Florida)
CannaRoyalty (CRZ - Cali, Florida, Wash, Oregon)
Future Farms (FFT - Cali, Florida, Canada)
Australia
Auscann (AC8)
Cann Group (CAN)
(disclosure: I hold MJN, HVST, TGIF, TNY, CRZ, & CAN with TNY being my biggest holding, the rest are all on my radar though)
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leafman101
Well-known member
Its not really a brand new industry though. Its an existing 20 billion industry that is being transferred from criminal to legitimate hands. The money was just sitting there to take.
MindzEye
Wayward Ditch Pig
Yeah, that's what I was trying to say. It's a new legal industry. As you said this is just transferring existing money from illegal to legal hands. I see the downside if you've bought into an over heated part of the market (Canada) or if you're afraid of short term swings based on politics (US, Australia) but the money is there to be taken, it's just about getting in bed with the companies that are going to take it.
leafman101
Well-known member
Look into Namaste Technologies too. They are on the distribution end rather then production. They have an existing app and online platform for sales and supply agreements with big players all around the world. Its a risk because they are late stage applicants for sales licences in Canada and Australia, so not actually distributing yet. But the infrastructure is in place as they are one of the largest online vape sellers in the world. Just adapting the supply chain.
As far as MJ allocations, what are your thoughts on going with:
WEED: 45%
APH: 25%
HVST: 30%
Thinking of starting with that and letting it roll without any rebalancing.
Gives me some big boy coverage with an emerging potential powerhouse on the side.
leafman101
Well-known member
Thats by far the worst part. So many emotional highs and lows. Like you said, there are signs of a bit of a bubble for sure, so buyer beware, but there is a legitimately huge industry underneath the hype if you make the right bets.
MindzEye
Wayward Ditch Pig
Yeah, I dig Namaste as well. Solid pick and shovel play.
MindzEye
Wayward Ditch Pig
I woke up to a bag of text messages on the morning that Sessions yanked the Cole Memo from panicked friends invested in the industry, and when I checked my portfolio, was down about 350K from the previous nights close.
That type of volatility isn't for everyone.