The cannabis industry seems like an obvious way for investors to make money. There’s immense demand for cannabis products, and plenty of companies would like to sell edibles, concentrates, flowers and similar items to consumers.
Common wisdom says that the value of cannabis stocks will grow as more states legalize medical and recreational access.
» Read more about: Is This the Spark to Ignite Cannabis Stocks? »
The rule of thumb in investing is to diversify. Yet the most successful investor of all time shuns that rule and bets heavily on a few companies instead. Warren Buffett has almost 90% of his stock portfolio invested in just ten stocks.
Indeed his top 7 holdings collectively are worth about $250 billion and his #1 position represents about half of that amount.
Investing in cannabis companies can seem risky. But cannabis companies span a range from pure-play direct-to-consumer sales to REITs that house growers and everything in between.
The industry offers enormous potential. In 2022, legal cannabis sales in the United States are estimated to hit $33 billion, up 32% from 2021 — and is projected to reach $52 billion by 2026.
Netflix is famously the king of streaming but it has been attacked by a host of competitors, new and old alike. One top contender is Disney.
As early as 1940, the public was able to invest in Disney (NASDAQ: DIS). However, the stock was not listed on the New York Stock Exchange until 1952,
» Read more about: Top Streaming Stock That Is Not Netflix »
Selloffs can look scary at first but they also create excellent opportunities to buy top stocks at discounted prices. As the market falls, it often takes well-managed, successful businesses with it. In many cases, the low prices don’t last long because investors quickly adapt their strategies and start adding strong companies to their portfolios.
Which top stocks should you buy during the current selloff?
» Read more about: 3 Under The Radar Stocks To Buy During a Selloff »
» Read more about: Buffett Sold 100% of His Holdings in These Stocks »
Many economists, including Nobel Prize-winner Paul Krugman, have pointed out that the stock market only represents a small area of the economy. The market can thrive even while people struggle with financial uncertainty, political strife, and worldwide illness.
Regardless of what economists say, it seemed strange to many that the market could reach new heights while so many consumers struggle.
It’s been joked about that Warren Buffett must have been royalty in one of his past lives. For one thing, he’s the reigning king of stocks. Plus, his love of moats must have originated somewhere.
But what about pets?
It turns out there is a pet company that combines Buffett’s love of moats and insurance: Trupanion.
A retirement account totaling over $1,000,000 may sound out of your reach right now but with a particular investment strategy it may be closer to your grasp than you first think. While there are many good strategies when it comes to growing an investment account, one that is often overlooked is investing in Real Estate Investment Trusts or REITs.