jeffweico | 03-01-2014 08:44 AM | Re: Stocks Regarding binary options, BE VERY CAREFUL! If you understand the market, you MIGHT be able to profit, but it is also a very good way to lose money QUICKLY. That is true of any system that involves trying to time the market. I have had GREAT SUCCESS with stocks, but not as short term investments.
I remember one of my best ones was purchasing the company that makes Aunt Jemima products. Their stock was WAY DOWN because of some internal issues that were affecting profits and the p/e on the stock was like 8 or so. I figured they would work it out and also that their brand names were not going to go away - who hasn't had Aunt Jemima pancakes, or pancake syrup, or waffles, or biscuits, or whatever? I doubled my money in just under a year. I have a few examples like that. But trying to figure out where a stock is going to be an hour from how will drive you INSANE and cost you money - unless you really, REALLY, REALLY know what you are doing. And most people don't.
As to profiting from Marijuana...
Why not? Half the people in American prisons are there for drug crimes, and the vast majority of them are minor and related to marijuana. That is HUGELY expensive and cannot be sustained. So, I don't see the federal government (or politicians) pushing a "get tough on pot" policy. Marijuana is not nearly as harmful as alcohol and the hysteria surrounding it is giving way to actual science. So, I think the legalization trend will continue. Most doctors will tell you that there ARE legitimate medical uses for it and a couple of states have even legalized it for recreational use. You can still get into a lot of trouble for growing it in states where it is illegal, so I am not recommending that. But as an investment, it has some nice long term potential. The trick will be to pick the companies that will still be around in ten years. Even where there is no fraud and the best of intentions, investments will go sour - especially at this early stage. But it is worth looking into. |