I spent a short amount of time in the "wild west" pink sheets, and grey markets, in my 35+ years in investing. That lasted for about a year. The 0, 00, and 000 plays (sometimes 0000!) are behind me for good. There is money to be made there, but it takes a certain type of trader and mentality. A lot of "pumping" and "dumping." I am more interested in legit companies and investment styles. I know only too well about companies that generate revenue, by only selling company shares. They dilute and then reverse split their shares. Wash, rinse, repeat.
2014, early in the marijuana investing days, the U.S. was filling up with the worst of the worst. MJNA, ERBB, HEMP, etc. Nobody was earning revenue (see above). Then I looked to Canada, where at least the companies were legit. Canada is still finding their way with this new, legalized business, but straddled with too much regulation. At least they legalized Cannabis 2.0 (edibles, gummies, drinks, etc). I then turned my attention back to the U.S in 2019. Here we find ourselves in what, the 4th wave of Cannabis investing euphoria? This one will stick (we have profitable companies now).
Currently, my style is to hold for 1 week to 6 months. I normally do not reach below $0.10 per share. Recently, in the second-quarter of 2020, I was buying Amazon, Tesla, Apple, etc. A lot of "stay at home" plays like Chewy, Peloton, Blue Apron, etc.
My portfolio is consists of Cannabis, EV, ETF, media and cybercurrency
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John Mueller (The Charles Report) is not a licensed financial advisor, income tax advisor or stockbroker. All investment/financial opinions expressed by John Mueller are derived from his personal research and 35 years of investing experience and are intended as educational material only. Although best efforts are made to ensure that all information is accurate and up to date, occasionally unintended errors and misprints may occur. The purchasing and selling of equities, mutual funds, ETFs and cybercurrencies may be transacted at your own risk. All times – Pacific Standard Time. All dollars – U.S. American.