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Pot Stocks – An Update

Pot stocks are hot. There’s a lot of risk in the group – many of the companies will not survive – but the winners will post monster gains over the next few years.

Cryptocurrencies have passed the baton to pot stocks. They’ve been the hot group, in terms of percentage gains. There’s a lot of risk in the group – many of the companies will not survive – but the winners will post monster gains over the next few years.

I first covered pot stocks in the middle of the summer. This write-up is meant to serve as a quick update. Some leaders have emerged, and wannabes have fallen off.

These are what I consider the best plays in the group. Liquidity, price action, volume, price and safety were all considered.

The implications of the dollar potentially losing its status as the global reserve are numerous. Obviously, there may be currency risks, and decreased demand for U.S. Treasuries could lead to rising interest rates. I would also expect to see massive commodity price swings.
Many of us economy-watchers have been expecting recession, though with significant differences on odds and timing. Regardless, recent banking developments just made recession more likely and may have accelerated its onset.
Many people think of position size in terms of how many shares they own of a particular stock. But it’s much smarter to think of it in terms of what percentage of your total capital is in a particular stock.