Marijuana Investments Aren’t Quick Hits
BUZ INVESTORS Marijuana Investments Last year, it was hard not to get into the hype surrounding marijuana stocks. Some of these shares were rising in value by hundreds—even thousands—of percentage points within a year. The beginning of the rush was the best time to play the short game in marijuana stocks.
Which is to say, that time has passed for marijuana investments. Now, investors in pot stocks need to be willing to stick it out for the long haul if they want to see good returns.
The fact is that marijuana stocks, as witnessed by their steady (if slow) recovery, are on the mend. You don’t want to be jumping ship at the nadir of the stock’s value. There’s a good chance that marijuana stocks will not only recover, but will carry on with solid gains.
The New Pot Stock Play
Pot stocks were once both a great short-term and long-term investment, but the reality has shifted and so should your investment strategy.
Any new marijuana investments need to be focused on the companies themselves. Previously, you could make money just on the industry momentum and growing excitement, which drove that massive increase in stock values in 2016.
Now you need to put in more legwork and, like every investment you make, you should know what a company actually does—and believe in that company’s ability to deliver financial success—before putting your money in. Playing the market will never be a sure thing, but you can better your odds significantly with some research and insight into the companies you’re buying into.
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