$6.95 OTC trading fee? Who cares when you can turn $500 into $1,900…
I get the appeal of Robinhood. It’s easy to use, lets you buy fractional shares, and the trades are commission-free.
But you’re creating a self-imposed limitation on how much money you can make if you’re only using Robinhood… because you can’t buy the cannabis stocks that will make you the most money.
I’m talking about:
- Curaleaf Holdings Inc. (OTC: CURLF)
- Trulieve Cannabis Corp. (OTC: TCNNF)
- Green Thumb Industries (OTC: GTBIF)
- And Cresco Labs Inc. (OTC: CRLBF).
Robinhood won’t let you buy those stocks because they trade on over-the-counter markets (OTCMKTs).
Now, I get that you may just want to have one brokerage account because it seems more convenient to track all of your investments in one place…
Or that you just want to wait until Robinhood offers cannabis stocks (even though you don’t want to do that because you want to be ahead of the crowd)…
But there’s a third reason why some people are keeping their money on the sidelines and have missed out on the absolute tear that cannabis stocks have been on over the past year.
I’m going to show you what I mean because I don’t want you to keep missing out.
Putting Trade Fees Into Perspective
I know that some brokerage services will charge you $6.95 to trade OTC stocks.
If you’re buying $100 worth of shares, it’s not fun to think about the $6.95 that was tacked on to the trade.
But you have to look at the bigger picture…
Who cares if you have to pay $6.95 to make a trade if you can turn every $100 into $300, every $500 into $1,900, or every $1,000 into $2,800?!
Let’s say you’ve followed along with our trade on Jushi Holdings Inc. (OTC: JUSHF) when we recommended it to NICI Membership on July 24, 2020.
Trading at $1.52 per share, if you bought $100 worth of stock, you would own roughly 65 shares.
Trading at $5.94 as of this writing, those 65 shares would be worth $386 dollars. That’s a profit of $272 even with subtracting $13.90 from OTC trading fees.
Let’s ramp that up and say you invested $500 in Jushi, which would put you at owning right around 328 shares. From today’s price of $5.94, those shares are worth $1,948.
Again, let’s subtract the initial $500 investment and the trading fees from that $1,948 total. You’re still looking at a profit of $1,431.
And let’s take it up one final level.
If you invested $1,000 in Jushi when we recommended it at $1.52 per share, you would have roughly 657 shares. Taking those 657 shares at $5.94 per share, they are worth $3,902, giving you a profit of $2,881.
It’s never fun to pay a fee.
But as you can see, it’s worth it.
And don’t worry if you missed getting in on Jushi at $1.52 per share.
Not only does Jushi’s stock price still have plenty of room to grow, but there’s an incredibly simple way you can make sure you’re among the first to get in on the next round of trade alerts for the biggest potential profits…
All you have to do is click here to find out how you can become a NICI Membership subscriber today.
To your investing success,
Partner, RADD Capital
4 responses to “Those Who Avoided This One Thing Turned a $500 Cannabis Investment Into $1,900”
April 21 2021