When prices drop, this is what you need to know…
Amid all this chaos, I was so encouraged to see the positive responses that came in from readers last week that I wanted to personally address something that’s been top of mind for a lot of you.
Rodolfo G. asks, “Thanks for the quick pep talk. I am a natural risk-taker and I see a silver lining in jumping on values right now, but do you see any worth taking advantage of?”
Rodolfo, thank you for the question. With where these prices are trading today, there could be some great bargains out there.
There are certainly some long-term opportunities in private investing for Cannabis Venture Syndicate members and through specialty purpose acquisition companies (SPACs) that I’m analyzing as we speak.
But remember that I said there “could” be some great bargains out there.
There’s nothing stopping stock prices from dropping even more.
You Own a Business
Warren Buffett says that investors need to view investing as buying a company and not just a stock ticker.
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Has that story changed since the coronavirus started?
CEO Deanie Elsner had 25 years of experience in consumer packaged goods, serving as the President of U.S. Snacks at The Kellogg Company. She knows how to reach customers and build brands.
Has her experience running a $3 billion operation changed?
So, while it’s tempting to either panic sell or try and jump on what seems like an opportunity, everything starts with your goal.
Are you just investing in companies because you believe there will be a quick rebound and you will cash out after that?
Are you buying stocks that you believe in and want to own for decades?
Or do you have cash on the sidelines and just want to make a move?
Being patient is also an action, even if it doesn’t seem like it right now.
For a deeper look at how capital endures through these unexpected downturns, make sure you check out my in-depth analysis here.
Don Yocham, CFA
Executive Director, National Institute for Cannabis Investors
3 responses to “Stocks Are More Than Just Tickers”
March 17 2020