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Plan ahead before investing in Cannabis stocks

Plan ahead before investing in Cannabis stocks

Stocks are often the preferred option for investors looking to invest in portfolios where they have minimal active roles to play. Many individuals see cannabis stock investing as a safe bet and with a good strategy, a very profitable venture.

Although this narrative is real, often times there is more to investing in stocks than meets the eye. Stock investing like all other investment or business requires a substantial amount of knowledge and know how to make success at it. The business of stock investing is not for the feeble-hearted nor for him who plays at a game of chance.

Yes, there is the occasional element of luck but more often than not, what gets you making a profit from investing in stocks is the sheer finesse of knowledge and the right application of grounded principles.

Investing in Stocks

When thinking of investing in cannabis stocks or the stock market, there are a few key positions to observe and actions to take. we will be examining some of the prerequisite points to observe and things to consider before committing yourself to invest in stocks.

  • Be Prepared: The boys’ scout motto aptly put, states: Be prepared! This is the first rule to consider before investing in stocks. Adequate research and study are required to determine what the stock market is about, what portfolio works for you, what strategy to use, how much of your capital is to be applied to each option etc. Preparation begets success. The more information you can gather, the better a strategy you will build.
  • Know Your Options: There are several options to consider when investing in stocks. You can choose to invest in individual shares, mutual funds or ETFs. Whatever option you go with or mix of options you choose, it is important to do your homework, consider the pros and cons of each option before investing your money. There is the option of letting a trader/fund manager manage your investments, but we want to believe that the scope of this write-up involves you doing the bulk of choosing and trading yourself. There are several stock options/niche to choose from. You could choose to invest in commodities, real estate, bonds or stocks, whatever you do, conduct proper research and stick with it(refining your strategy as you go along) till you achieve your goal.
  • Build a Strategy: Strategy is critical to success. This allows you to at a glance view your roadmap and see if the current realities fit into your expectations. A strategy helps you to monitor progress and allows you only to continue to apply a coordinated approach to your investment. A diversified investment strategy, in our opinion, would work best for any investor. We implore you to consider diversifying your options to leverage the risk associated with investing in stocks.
  • Analyze your Options: Often a stock is only as good as the managers running the company. Scrap as much information as you can about all your options, make a note of market performance, share valuation, balance sheets, managers running the company and their pedigree, etc. These allow you to make an informed decision on any option you choose. Do not leave anything to chance!

Investing in stocks can sometimes seem a daunting task when faced with the rigors of points to note and things to do, but like all things involved with making money, you have to put in work.

Nothing comes easy they say; make the most of these advices and watch your portfolio grow in a short time.

FSD Pharma trading as HUGE on the Canadian stock market has substantial growth potential for any investor.

FSD Pharma Inc, (OTCPK:FSDDF)(HUGE:CN) (HUGE:CNX), wholly owns FV Pharma, a Canadian licensed cannabis producer under ACMPR aiming to develop the largest legal indoor cannabis facility in the world.

 

Disclaimer

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