01-24-2018, 04:38 PM | #23 | |
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Responding in bold, to simplify
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01-24-2018, 05:04 PM | #24 | |
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And then began to source CBD for him, to help him cope with his disease. He passed just before xmas, and I'm taking some of what he left me down this journey and CBD movement. It was the ONLY medicine, in over 20+ years he'd been suffering in critical pain, daily, that made him feel good, and "normal", again. I'm not rich, by any stretch, but I'd be easily willing to give up a liquid asset to invest in something I'm fairly passionate about. My passionate decisions have never let me down, to date. But I'm holding onto the car, at this point. Starting this thread actually stopped me from doing it, lol
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01-24-2018, 09:37 PM | #26 | |
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Two, I retired early from a career in medical research to have more time for my hobbies, one of which is keeping on top of major advances in roughly 30% of medicine, 10% of biology and 10% of physics. There's hundreds of papers published in those areas each month, so I rely on science journalists to point me to the interesting developments. Many of the best ones (based on how they cover my own area) are in Europe. None of the ones I follow have thought there was anything going on in medical marijuana that was interesting enough to write about. Three, the placebo effect is real and can be very powerful. What could be a better placebo than having a nephew possibly risk jail to get him his medicine?
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01-25-2018, 05:37 AM | #27 |
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This has gotten way off track and has nothing to do with cars of any sort at this point. The original question to this forum was whether it makes sense to sell a car in order to invest. The answer to that question is NO, no matter what you are investing in. OP needs to talk to a sensible financial advisor. The rest of us need to go home.
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01-25-2018, 06:11 AM | #28 |
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Sensible responsible advisor starts with fiduciary responsibility - do your research
https://www.cfp.net/about-cfp-board/...duals-by-state |
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01-25-2018, 09:58 AM | #29 | |
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Investing is very simple if you stick to what's been provided in this thread (hint hint: Warren Buffett 15 minute retirement plan, simple reading books by Bogle). Get a Vanguard account or similar, invest heavily in S&P 500 index funds and a bit in bonds (shift more to bonds as you get older), and call it a day.
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01-25-2018, 10:08 AM | #30 | |
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The key to wealth creation is no more complicated than regular saving and investing. Folks are always amazed when they see what happens if you just take something as little as $500 a month and dump it into an indexed fund. Market's up? $500. Market's down? $500. After a couple of months you kind of forget about it and don't even notice it.
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01-25-2018, 10:19 AM | #31 |
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I'm just hoping you aren't dumping a lot of money into mj stocks. Take it from an accountant and a seasoned investor. Those stocks are all speculative momentum plays with little value. I've analyzed multiple cdn mj quarterly/annual statements and they're all shit. They are all massively overvalued, offer little revenue, and the few that are profitable, have razor thin margins. The industry is already consolidating, which is a huge red flag.
As for the car, keep it, it's a gem. But if have the means, then upgrade! They're all depreciating, terrible investments. Just toys my friend |
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01-25-2018, 01:24 PM | #32 | |
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Thanks, guys, and again this was not intended to be a discussion about MJ stocks, as I'm not technically invested with an MJ LP, more so a Pharma level CBD producer, extremely undervalued when compared to the overvalued MJ stocks, trading at 800% higher prices, with equal or only slightly more revenue. I totally think MJ stocks are over inflated, and there's only one or two I would hold, long, as they've been proven to have a worldwide position, and positive track records in the medical industry, in past operations (like GW Pharma, now CEO of Aphria, now that's a solid company to invest in, if I were to invest in an LP).
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I guess I'm just always trying to figure a way to use money to make money, that's all, lol. It has been an exciting year, I've learned a lot from the industry, both good and bad (but all good in the end). I did well in the MJ/Mining sectors and have moved into less popular CBD companies/producers, as they can CBD itself, can be derived from Hemp and Hops (one company has the patent pending, on the hops extraction). This is going to be the movement focus, itself, once people start nose diving in the inflated MJ companies, they'll soon see the light... I've already seen a strong shift, and the CBD movement is being brought on by celebrities all over the world, now. It's a ticking time bomb, IMO. 2015/16 was the time to get into MJ, 2017/18 is the time to look into the CBD industry, the one that will actually benefit the people, around the world and take billions of sales from Big Pharma companies, the ones killing people with their fabricated medicine. And this isn't for the 30% which will be smoking recreational, but them and the rest, who will be prescribed CBD to treat symptoms like Parkinsons, Epilepsy, PTSD, Fibromyalgia, Chrons, etc, all paid by healthcare, insurance corporations, etc once legislation is ironed out.. It's forecast is said to be a minimum $2B industry (CBD) by 2020, and exceed $3B in 2021 and onward. I don't want to miss the boat on the a brand new industry, it's still in such an infant stage, the hype is all over WEED growers, not the medical sector, yet... With all of that said, the risk is high, but with proper DD on the right companies, there's still a $3B+ industry on the table, that hasn't even hit the main stream focus, yet. Pick the company you believe is positioning itself, worldwide, with distribution channels and a strong experienced management team with relevant history in the health sector, and you'll have a successful investment, imo. Patience is key, don't invest more than you're willing to loose. Go LONG Takeaway: I'm NOT willing to "lose" my car, to invest, at this point. So that means I'm not moving forward with my option to sell the car to a friend, and use that money to invest. I'll find it from somewhere else.. Cheers, guys, seems like we have strong knowledge, in here. Would love to start a thread in an off-topic to discuss, more.. I'm getting sick of the stock forums, lol D
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01-31-2018, 05:40 PM | #33 | |
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Yes a correction is coming but the exact time is impossible to determine at this time and as the market is climbing people who listen to the pessimistic “don't invest now, a correction is coming” attitude simply miss out on making profits today. The foretasted stock market collapse after Trumps election never happened, in fact its been the complete opposite and then some, for me I can say thank you Mr. Trump! You do not need a stock broker nor do you need to be glued to your computer 24/7 as a day trader. There are plenty of free and paid resources available for the self-investor, you can start with as little as a few thousand dollars. You have to take the time to educate yourself on the stock market and the different types of stock orders available for beginning and experienced investors. You need to devote the required time for investment research and to maintain your investment accounts daily. With proper investing and leveraging different order types when the correction finally arrives, you will have a solid foundation that will dramatically limit your losses and be in the right position to take advantage of cheap stocks after the storm. One quick example, remember when the US car industry was taking a dump and several manufacturers had to beg and borrow from the government? One company did not, this was Ford and its stock dropped to under $2.00 in November 2008. Educated investors saw an opportunity, this is the core of smart investing, taking the time to research, find opportunities and have confidence on your decision to pull the trigger. I purchased 5000 shares @ $1.45 in November 2008 then sold 4000 shares in January 2011 @ $18.45 each, you can do the math to see what the gain was. Since then Ford has been decreasing, today it was around $11.00 at close so the remaining 1000 shares are still in the green. If Ford continues to drop, I have my online stock account set to “auto sell” when the price dips to $6.00 where I still make a profit at the end of the day.
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01-31-2018, 06:41 PM | #34 | |
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There is a lot of hype and inflation out there, but one must go with their own gut, because remorse is a mofo! There are growers, equipment mfg, ETFs, and Pharma companies all within the sector (and more obv.), best is to diversify. My position is 90% with CBD sector (one company), and day trading my other 10% on MJ stocks (like Aphria, Namaste etc). If I had a large amount of cash to drop on 1 company, it would be Aphria, but it's a long hold at this stage, I missed the $1 train on that beast, it'll be over $30 by summer, without a doubt in mind. Sorry for the thread derail, was never meant to be about my personal investments, in particular, but I'm glad to have sparked the interest of others D
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01-31-2018, 07:13 PM | #35 |
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01-31-2018, 08:55 PM | #36 |
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I work in mergers and acquisitions and can say with a straight face that Trump has had very little impact on why the market is where it's at right now.
I would never tell anyone not to invest, but I would caution them on buying anything risky. I would only buy solid performing stocks. The problem with that is you'll be buying very high and could stand to loose 10% to 20% in the near term, especially given the current political climate in the US and internationally. |
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02-03-2018, 07:38 AM | #37 |
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Nice charts... means nothing.
Who cares on what president had the highest market bump.. the "fact" is the projected market crash from the "Snowflake" community did not happen. The market is doing just fine and my investments are making money... end of story. ....and hopefully the end of this thread, its gone south..
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02-03-2018, 08:39 AM | #38 |
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So, we’ve lowered the bar so much this past year that great appreciation (and relief?) is now expressed if we simply avoid yet another White House disaster?
Last edited by Sportstick; 02-03-2018 at 09:55 AM.. |
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02-06-2018, 10:12 AM | #40 |
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Dylan,
Give it another two weeks to watch how things unfold (it could get a lot worse), but now is the time to consider getting in if you've got some extra money sitting around. These corrections come without warning. I think the market will shed at least another 5%. And we should also expect Trump to blame Obama, HRC, the FBI investigation, or the Democrats for the drop. LOL.
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02-06-2018, 02:17 PM | #41 | |
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02-15-2018, 07:25 PM | #42 |
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In case anyone is thinking of following Dylan 86 in investing in medical marijuana, here's a very recent summary of clinical evidence regarding its usefulness.
http://www.cbc.ca/news/canada/edmont...erta-1.4537039 Seems pretty clear to me, unless of course you believe like Dylan 86 that no one in conventional medicine knows anything.
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02-16-2018, 12:27 PM | #43 | |
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I worked at a hedge fund for reference for many years. I've met with, interviewed with, and been offered jobs at these firms. Also... with all the sanctimonious financial advice here... you only live once. Have everything in balance and enjoy your life. In today's age, a car payment/loan at 0.9% interest is far less an issue than the large amounts of money we throw away without thinking on cell phone service, internet service at home, media services, and apps. Those often total more than the loan on a car... |
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02-16-2018, 06:15 PM | #44 | |
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https://en.wikipedia.org/wiki/Cannabidiol
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