Stocks.

sierra1 said:
I am also thinking about dumping my pot stocks as well. I think we have all made more money now than we had expected at this early stage, that I might say thank you, count my blessings(earnings) and invest in something more stable.
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Depending on what you hold, I would continue to hold. The benefit is in the long term with weed. Acreage (a US weed company moving into CA) is just way more appealing to me.
 
sierra1 said:
I am also thinking about dumping my pot stocks as well. I think we have all made more money now than we had expected at this early stage, that I might say thank you, count my blessings(earnings) and invest in something more stable.
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More stable? If you can stand staying long term, this is an emerging industry that is only going to get bigger.
 
Englishmustard said:
More stable? If you can stand staying long term, this is an emerging industry that is only going to get bigger.
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Yeah I agree with you. However we are naive if we think that the bubble is not going to burst. Way overvalued at the moment leaving not much room for growth - it's a case of if you pick a decent company you will prosper. There's just so much shite amongst the good stuff!
 
I was thinking the same thing, just concerned about how much more they will go down. ACB hits the NYSE td, so we will see how that goes.
 
sierra1 said:
I was thinking the same thing, just concerned about how much more they will go down. ACB hits the NYSE td, so we will see how that goes.
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I think they will go down further. I said a few pages ago that I thought we would experience a crash post legalization.. lots bought simply to sell as soon as its legalized.

The market was overvalued to start with and the rest of this year and early 2019 it will correct itself. If you backed a solid company, I think you will see significant growth within the next 5 years.
 
I said I wasn't going to buy anymore weed stocks but if Aurora keeps tumbling I could be tempted to jump in on the action. My portfolio is to weed heavy right now..

What else do you guys have in your portfolio?
 
For me my portfolio is heavy with cp rail and can rail couple of bell stocks that about it I go more for dividends stocks I like to feel somewhat safe


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I'm seriously starting to consider investing in Canopy or Aurora now. I said no more pot stocks as my portfolio is to heavy but with the decline continuing the pricing is looking too good to pass up.

For those interested in the larger caps I think now is also a good time to pick those up. Facebook, Netflix and Amazon are all trading at the lowest they've been for a few months providing an entry point for investors.
 
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