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So I get off the phone with my dad and out the blue says he is investing some money into stocks wants us to do some research and wants my thoughts.
Now he's been reading up on Marijuana stocks and his American friends tell him It's the next big thing.
I already smell B.S on this like some boiler room guy selling you some penny stocks lol.
I have advised against this but I know he might go behind our back and do it anyway.
If anyone has some advice on this area that would be awesome so he doesn't blow our money gambling it away and get pump and dumped.
My Redshirt Year Revisited (updated 20.05.2019):
- H̶i̶t̶ ̶G̶y̶m̶ ̶3̶ ̶t̶i̶m̶e̶s̶ ̶a̶ ̶w̶e̶e̶k̶(Try keep it up)
- B̶o̶x̶i̶n̶g̶ ̶3̶ ̶t̶i̶m̶e̶s̶ ̶a̶ ̶w̶e̶e̶k̶ ̶( try keep it up)
- Move out to new apartment in London ( in the works)
- Get a Fuckbuddy (none at the moment)
- Lays this year (3/10)
- S̶t̶a̶r̶t̶ ̶b̶l̶o̶g̶g̶i̶n̶g̶ ̶a̶g̶a̶i̶n̶ ̶
- Pass Reserves
What are you basing your suspicion on. What can you find out about marijuana stocks? I see great potential, considering it's only legal in a minority of states, with good chance that many more markets open up over the years.
It may well be a good speculation to make (I don't know much about weed stocks) but he should only speculate with money he can afford to lose. So if it's money separate from his retirement portfolio etc then sure he can look in to it but ultimately it's a high risk guess.
Lay count: 30
Currently focused on my financials and my body.
There are 100's of marijuana companies. Who knows who will have the monopoly when it all ends
Its your job as an investor to do your own research, look into their history their future plans etc.
I'm not even sure how many are publicly traded at the moment I'd have to look into it. But there will be some growth assuming leglisation continues in the states, however I'm pretty sure in Canada the rules are different I'd have to check again but at least in Toronto only state dispensaries will be allowed to sell MJ. If you invest in the right company with the right strategy you will make $ but who knows what it is
Personally I like pump and dumps. They're a great opportunity to make double or triple your money, as long as you know they're pump and dumps and you don't get greedy and stay in too long. I've doubled and tripled in 1 to 2 hours trading pump and dump stocks.
The mantra goes something like this.
If there's a gold rush, but there isn't really a lot of gold, you can still make a lot of money selling shovels, but remember little pigs get fed, hogs get slaughtered
If you're not hearing "no" you're not trying, if you're not getting laid you stopped trying at no.
The world doesn't reward perfectionists, it rewards people who get things done.
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I didn't think that your exercise and diet advice would have girls checking me out. It did.
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Kratom is next!
To anyone reading this, follow through, read this material, APPLY this material, and enjoy life.