Stocks are trading higher this morning after a small break yesterday for the Dow and the S&P. The Nasdaq did eek out slight gains in yesterday’s session. This morning it seems to be off to the races for all the benchmarks. Let’s see if the momentum holds.
Pot stocks are taking off, just as our research team predicted back in November when we released our 2021 Pot Stocks Hotlist. We hope that you took advantage of our advice back then. If you did, Congrats. Our research called a Buy on Canopy Growth Corp. (CGC) which has soared more than 135% in just a few short months.
Our trade alert for today highlights another way to invest in cannabis, for those who may be late to the game.
InvestorPlace & Charlie Shrem
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Choosing individual stocks can be time consuming an risky. Especially in unfamiliar territory. You don’t need to become an expert on the ever flourishing marijuana space just to find the right company to invest in. Consider investing in an ETF instead. ETFs take the guesswork out of investing because in essence, you have a seasoned investor, or team doing the legwork for you. In our opinion, one of the most well managed pot ETfs available is The AdvisorShares Pure Cannabis ETF (YOLO).
Based on performance over the past year, YOLO is the best performing marijuana ETF for Q1 2021. The fund seeks to provide long-term capital appreciation by investing in cannabis equity securities. YOLO is designed to fully-invest for pure cannabis exposure under the guidance of a deeply experienced portfolio management team navigating the emerging cannabis marketplace.
It holds stocks of both domestic and foreign companies, but is primarily focused on those located in the U.S. and Canada. It also focuses on companies that specialize in offering consumer cannabis products. The ETF follows a blended strategy, investing in both value and growth stocks with various market capitalizations. The fund holds a relatively large share of cash as a percentage of total assets, at 22.8%. Aside from that cash component, the fund’s top holdings include names like Village Farms International Inc. (VFFTO), a company that operates agricultural greenhouse facilities and raises various produce; Innovative Industrial Properties Inc (IIPR), a REIT focused on industrial properties leased to tenants in the cannabis industry; and GrowGeneration Corp (GRWG), an agricultural products distributor.
The AdvisorShares Pure Cannabis ETF (YOLO)
- Net Assets: 158.8M
- Expense Ratio: 0.75%
- Yield: 2.02%
- YTD Daily Total Return: 29.26%
- 52 Week Range: $5.65 – 29.39
- Top Holdings: Blackrock Liquidity Treasury Instl (TTTXX), Village Farms International Inc VFFTO, Curaleaf Holdings Inc
Where to invest $1,000 right now...
Before you consider buying YOLO, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not YOLO.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
Matt’s #1 pick for 2021 [Buy Alert]
He’s pinpointed over 200 stocks that ALL went on to jump 100% or more. Plus 16 more recommendations that skyrocketed over 1,000%.
Today, he’s doing it all over again. [Full Story…]