Chipped off a few long held AAPL shares into the selloff today and upped my allocation to "sin stocks". October saw a selloff in a lot of names I've been eyeballing recently.
So I added to Marijuana holdings and initiated Match.com.
Match owns Tinder and probably a bunch of others dating and matchmaking sites. Thought worthy of mention here, as both industries are perennials and probably have resilient long term growth runways. Match recently traded as high as $60. Picked up today for $52.05 at the close. Another similar site I have heard of is MOMO, a Chinese location based dating site.
With MJ, I prefer bundles. HMMJ.TO is an index ETF built a couple of years ago, so may not have some of the newer issues. MJJ.CN is a managed ETF, with an experienced team at the helm. I prefer the managed fund because it's early in the game and winners and losers are not apparent to anyone at this time. Better to have someone scanning the horizon and jockeying the portfolio somewhat. (MMJ.CN is also available as a mutual fund).
If you want to follow someone for ideas: Todd Harrison of CB1 Capital on TWTR. I've known him for 10 years and he's been pounding the table for MJ for at least 5 of those. His mantra: It's not about getting high, it's about getting well, and therein lies its true potential. Not that I think getting high is not important too. (-:
Another source that seems credible is https://grizzle.com/marijuana-investor-roundup-october-27-2018/?ck_subscriber_id=260976459
Not advice. Do your own due diligence.
Anyone have ideas to add?
Sport
So I added to Marijuana holdings and initiated Match.com.
Match owns Tinder and probably a bunch of others dating and matchmaking sites. Thought worthy of mention here, as both industries are perennials and probably have resilient long term growth runways. Match recently traded as high as $60. Picked up today for $52.05 at the close. Another similar site I have heard of is MOMO, a Chinese location based dating site.
With MJ, I prefer bundles. HMMJ.TO is an index ETF built a couple of years ago, so may not have some of the newer issues. MJJ.CN is a managed ETF, with an experienced team at the helm. I prefer the managed fund because it's early in the game and winners and losers are not apparent to anyone at this time. Better to have someone scanning the horizon and jockeying the portfolio somewhat. (MMJ.CN is also available as a mutual fund).
If you want to follow someone for ideas: Todd Harrison of CB1 Capital on TWTR. I've known him for 10 years and he's been pounding the table for MJ for at least 5 of those. His mantra: It's not about getting high, it's about getting well, and therein lies its true potential. Not that I think getting high is not important too. (-:
Another source that seems credible is https://grizzle.com/marijuana-investor-roundup-october-27-2018/?ck_subscriber_id=260976459
Not advice. Do your own due diligence.
Anyone have ideas to add?
Sport
