Weed Stocks To The Moon (WallStreetBets Is Back)
Weed Stocks To The Moon (WallStreetBets Is Back)
How to invest in Cannabis stocks with reddit’s Wallstreetbets
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We’re in a new paradigm of investing. Before this year, investors looked for things like cash flow, the balance sheet, p/e ratios, payout ratios, etc. Those days are gone and now we have meme investing thanks to reddit’s Wallstreetbets. Here’s what’s going on with Cannabis stocks.
If you’ve been keeping up with what’s happened recently with Dogecoin and Gamestop, you’ll know by now the infamous subreddit community that is WallstreetBets which has grown to 9 million people and at this point, there is so much money in that subreddit – its now a retail version of a hedge fund. Except this time, the focus has shifted from Gamestop to Cannabis. This is because of speculation of nation wide legalization. While it’s not for sure, states won’t want to miss out on the $73.6 billion industry.
The stocks that people are super concentrated on right now are Sun Dial (SNDL), Tilray (TLRY), Aprhia (APHA), Village Farms International (VFF), Canopy Growth Corp (CGC) and Cronos (CRON) just to name a few. And they have grown by several hundred percent. So how do you know which of these you should buy? Here is the meme investor mindset.
First, go to Wallstreetbets and see which memes people are talking about the most to determine which sector of the stock market is going to be on the rise next. Second, buy a stock that sounds like it has a memorable name, if there’s nothing that sounds memorable, pick the cheapest one because that’s the one everyone else is going to buy, and the last step -profit. When you hear the news of some big partnership or earnings report – dollar cost average out of the position. If you can do that before everyone else, you’re almost guaranteed to make some money. This next part is all about short term thinking – that is the key to “meme investing”.
If you’re not sure where to invest, look at stocks in the Russell 2000 index which you can think of almost like a basket of stocks that need to meet a certain criteria and the Russell 2000 index tracks small companies – that will give you some ideas on where to look next. You can also find the rumors of which stock is going to be the next hot pick on fintwit or the financial part of Twitter using hashtags like stonks, stocks, wallstreetbets, investing, or money.
Focus on ticker symbols that sound like they have potential. One study found that stocks with a cool ticker symbol perform better than ones that don’t have one. Stocks like: Cake, Cash, Baby, Bud, Luv, Fun, Fizz, Pzza, Woof. Those are memorable and when you have a ton of uninformed retail investors trying to pick a stock, they’re much more likely to go with the ones that sound more memorable. Between 2006 and 2018, the study concluded that stocks with fun memorable names grew by 13.22% average per year, versus, the total market index of over 4,000 stocks throughout the same period, which returned only 4.9% on your money (https://www.pomona.edu/news/2019/09/27-stocks-clever-ticker-symbols-outperform-plain-names-new-pomona-college-study-confirms)
If you’re still not sure which ones to start investing in, there’s a third method which is through an ETF. One of these ETFs is called YOLO (ironic). Think of this as a proxy for all the stocks that are related to that category, in this case it’s the cannabis industry so this ETF is one stock, that tracks companies that make at least 50% of their income through the cannabis industry. The only downside is that it also has a really high expense ratio of .75% (most cannabis ETFs start in the .7% range). The tradeoff is you now own most of the industry with just one stock.
Should you do this at all and speculate? Yes and no. Set aside a limit, and make sure to take your profits. Many people will lose money trying to chase these speculative investments so I would be very careful and I’d stick to traditional forms of investing by DCA’ing into the market over a long period of time consistently.
*None of this is meant to be construed as investment advice, it’s for entertainment purposes only. Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
what does this mean for the future? will we get to a stage where cancel culture can get entire companies be taken down by via stock manipulation? entire economies shattered…no more rules…we are gonna see companies soon send their people to create rumors to artificially inflate their worth
The first syllable in “recreational” should be pronounced like “pet”, not “peet”.
I watch all the ads every time
Andrei you gotta update your “types of investors” video, the Meme Investor is even closer to “I AM ERROR” corrupted data than the Crypto Investor is 😂
Discord invite for anyone looking is here: https://discord.gg/9TVPxj73Bb
Brokers smashed that down like it was silver and gold stonks..
As a new investor would you recommend building a portfolio through a company or personally? I can invest around $5K a month and chunk in $100K quite quickly with the objective to build a dividend portfolio. Though before I get started I’d like some advice on what you’re all doing.
Ticker Symbol: LOVE !!!!
Planet 13 to the moon
As a independent rapper i think my smartest move would be to invest in cannabis before its nationwide legalization.
ReCreate(ional) use… love it…
most of the ppl thatare moms lookin for money :l
Re: Yolo,, don’t think MJ is even better in terms of name as it relates to Marijuana,, and you get the bonus of being the initials of the greatest and most recognizable basketball player in history 🤷🏻♂️✌🏼
Planet 13!!!!
Andrei Jikh was shouting to stop going to WSB. Now he’s encouraging us to go there.
I appreciate your contents you’re a great YouTuber but not a great investor or trader
Stocks are a pyramid scheme for insiders benefit. You never own part of a company, you own a piece of paper that is only worth what someone else is willing to pay you for it. You could be the last one sucked in and left holding the bag and lose big time when it drops like a rock.
This dude really say “Re creational”?
I eel like im getting into this super late 😑 , im literally doing research all day
Great video, I am planning to buy some stock but I don’t know which is best for the long term I am not used to stock investment, please help me or send me the best stock to buy for the future at Least 1/2 yrs !
Be careful. This guy is applying the typical strategy of "pump and dump". He trusted to get you to get excited about some dope stock that he has in order to drive the price up, then he sells and gets out with a nice profit, which starts a price drop, leaving you with word ‘sucker’ tattooed on your forehead and broke.
Thanks for this. I’ve been considering getting the ETF POTX.
Hi Andrei, I recently discovered your videos and really love the way you present info and the humor. I was wondering how do you earn interest in Gemini without the worry of losing your crypto. I signed up for Gemini through your link and after reading the disclaimers where it says you would lose your entire crypto I change my mind. Can you help me how you do it without the fear of losing your investment please. TIA!
SNDL to the moon 🚀🚀🚀🚀
When you going to give out a Price like a $1000 for your subscriber while we continue to follow you and subscribe to your channel.
When it comes to cryptocurrency mostly Bitcoin at the moment, there are always two sides; as some people will want the price to fall to its lower dip for them to buy cheap, while others will hold and wait till it skyrocket for them to sell off, but I really see all this so pointless if it can’t yield great result or grow a very strong portfolio. It’s clear now that the halving is not what we all imagined and expected initially but the good thing for me was that I did not put all my faith in it as I so much believe in day trading and was able to grow a very strong portfolio. However this I have been doing since the last bear market with Mr. Louis Edward strategy and daily signals which have proven to be very effective, accurate, and profitable. Last month I was able to grow a total of 7BTC having traded with my initial 2BTC with Louis’s daily signals which you would agree is a very good profit. My advice is for everyone to make use of such signals so as to grow a very strong portfolio ahead of halving coming soon, Louis can be reached via e mail* d r 9 4 8 4 1 5 8 @ g m a i l . c o m* for more inquiries into profitable trading systems.
The memes…
SPRWF
Wow another boomer talking about fundamentals and valuations instead of just yoloing money into whatever a meme tells him to. And telling people to sell and take profits? What a paperhands 🌈🐻
you my friend, are a click bait gigachad as the nerds would say 😂😂😂😂 …. weed stocks…… 😂😂😂😂😂😂
low and catchy … like XTSX: FLWR
Crypto currency is the future, investing in it now, will be the wisest thing to do especially with the current rise.
Speaking of a weed stock that’s cheap af, has a memorable ticker symbol and is great both short term and long term is Supreme cannabis co. Their Canadian ticker is FIRE 🔥 (SPRWF U.S ticker).
They’re only at .27 cents Canadian and they are extremely undervalued and are set to explode once the economy goes back to normal.
For anyone that hops on this now before it explodes, you’re welcome 🤝
Mum told me memes were never going to change the world
MMED is next!
You look really stupid in your thumbnail. J.s.
TICKER: V.SUGR
Andrei I look at you and see someone who’s alive, not walking dead like me or the people I know. it’s irritating.
WTF DUDE?! You are like the Martin Scorsese of YouTube content. I hate your guts bc you ruin my enjoyment in youtube – all the other great content I get to watch… looks like really great … garbage ..
Kevin O’leary is a paid advertiser. So what you’re saying is, you haven’t done your DD
I don’t know who needs to hear this but stop saving all your money, invest some of it if you want financial freedom
Dogecoin to the moon 🌙🌚✨♥💙
Hi Andrei, super insightful videos! I love watching them. I wanted to ask if you had any advice on psychedelic trends to look out for? Any advice would be greatly appreciated.
I love your channel/content. Cheers from Canada!
Pass the joint! I’m in!
*+1.8.7.8.2.1.4.7.1.3.8* 🔥🔥
Serious hedge question for less reward at no risk.
Could your friend sell 227 shares to get back his initial investment then be left playing with house money only?
1000 X .7979 = 797.9 / 3.52 = 226.68
Yeah so. This gets a downvote. WSB isn’t getting distracted by new toys. New DD is getting put out on WSB about GME every day. Ps. You’re a clown.
Love your information and videos Andrei! When I convert a 401 (k) to a Roth IRA does all of the diversification transfer intact or do I need to pick new categories individually on my own? Moving out of a job to self-employment. Current account is very small – probably moving to VanGuard. Thanks if you have time to answer!
Posh?
Your humor is always on point👌🏼😂