Investing 102

[GregWeld]

Originally Posted by AMSOILGUY

Since we're on the topic of buying and selling has anybody been buying weed stocks? Weld you have mentioned to invest in what you are aware of. What companies were behind your treatment? I've been buying some, I'm not going to miss out on this if it continues which I think it will. I did a lot of research before buying and now I hope I'm right

This is a fantastic question with so many answers and probably none of them right.

My personal take on it ----- some people are going to pick the right one ---- most people are going to lose their butts..... This entire field is so subject to the prevailing laws in a state - but the FEDS aren't so sure about all of it.... and then there's the whole "can't bank" issues.

My feeling was and has been this.... when we finally go all 50 states in - and the FED finally gives in and rolls with it ---- then do the big terbacky guys get in and steamroll everyone else? I have no idea - it's just a hypothetical question. They have the money - the marketing and the distribution... but do they want in and would people accept their products ----- or do people want the old "head shop" independents. I have NO IDEA. When I have no idea -- I don't put my money at risk. I just simply don't know where it's all going.

[sanddan]

Originally Posted by GregWeld

This is a fantastic question with so many answers and probably none of them right.

My personal take on it ----- some people are going to pick the right one ---- most people are going to lose their butts..... This entire field is so subject to the prevailing laws in a state - but the FEDS aren't so sure about all of it.... and then there's the whole "can't bank" issues.

My feeling was and has been this.... when we finally go all 50 states in - and the FED finally gives in and rolls with it ---- then do the big terbacky guys get in and steamroll everyone else? I have no idea - it's just a hypothetical question. They have the money - the marketing and the distribution... but do they want in and would people accept their products ----- or do people want the old "head shop" independents. I have NO IDEA. When I have no idea -- I don't put my money at risk. I just simply don't know where it's all going.

I think you will see both, big tobacco selling dirt weed to the masses and micro grow operations selling to the upscale customers who can afford better. Think Hood River vodka compared to single malt scotch.

[GregWeld]

Originally Posted by sanddan

I think you will see both, big tobacco selling dirt weed to the masses and micro grow operations selling to the upscale customers who can afford better. Think Hood River vodka compared to single malt scotch.

Good thoughts!

I read today where CANADA is about to legalize recreational marijuana nation wide. Amazing where we've come since when I was in high school and you went to prison.

To be clear folks ---- I don't use marijuana recreationally (I don't smoke it) -- but am still dosing at night time for what now appears to be my "no longer cancer" issues..... : > ) But that's a completely different thread.

[captainofiron]

Hey guys,

question for you all, I have my work 401k maxed to what they will match (still have debts that we are trying to snowball) and I have my personal IRA which has all my roll overs from previous jobs.

I was thinking that when we pay off everything, except the house, I want to start contributing to my IRA, BUT since I am can only contribute post-tax I was thinking maybe a ROTH makes sense.

thoughts?

[GregWeld]

Originally Posted by captainofiron

Hey guys,

question for you all, I have my work 401k maxed to what they will match (still have debts that we are trying to snowball) and I have my personal IRA which has all my roll overs from previous jobs.

I was thinking that when we pay off everything, except the house, I want to start contributing to my IRA, BUT since I am can only contribute post-tax I was thinking maybe a ROTH makes sense.

thoughts?

ROTH IRA is the best gift the government ever gave you. Use it to the max if you qualify.

After that -- and you're truly debt free -- start tossing an extra $200 a month at the mortgage (or more or less depending on what you can afford). The interest rate isn't as important as the amount of MONTHS which grow into YEARS that you'll cut off your mortgage payments. Retiring with money in the bank/invested - and no mortgage and no payments.... oh yeah buddy! That's the way to enjoy your new found freedom!

[AU Doc]

Originally Posted by GregWeld

This is a fantastic question with so many answers and probably none of them right.

My personal take on it ----- some people are going to pick the right one ---- most people are going to lose their butts..... This entire field is so subject to the prevailing laws in a state - but the FEDS aren't so sure about all of it.... and then there's the whole "can't bank" issues.

My feeling was and has been this.... when we finally go all 50 states in - and the FED finally gives in and rolls with it ---- then do the big terbacky guys get in and steamroll everyone else? I have no idea - it's just a hypothetical question. They have the money - the marketing and the distribution... but do they want in and would people accept their products ----- or do people want the old "head shop" independents. I have NO IDEA. When I have no idea -- I don't put my money at risk. I just simply don't know where it's all going.

Here's the post that I remembered reading when I started looking into these stocks. It matched what I was seeing when looking at the options at the time.

Aside from direct investments, investing in the infrastructure required to get an operation up and running and/or keep it going seemed to be the safest approach at the time, but then you're back into agriculture investments (for the most part).