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Exchange-traded funds (ETFs) have never been more popular. They boast around $5 trillion in assets as of late 2018, and depending on the day, they account for anywhere from 25% to 40% of all daily volume in U.S. markets.
These baskets of assets, containing everything from stocks and indexes to commodities, bonds, and currencies, allow investors easy "one-stop shop" exposure to vast swathes of the global market.
If you can think of it and you can buy or sell it on a market, there's probably an exchange-traded product for it.
So, naturally, we're starting to see marijuana sector ETFs – one of which, in particular, is trading at prices that seem attractive at first glance.
Let's take a look at the cannabis fund I've got my eye on. I'll tell you exactly what's going on with it and the best move to make to maximize your marijuana profit potential…
About the Author
Greg Miller started working on Wall Street in September, 1987, just a month before the “Black Monday” stock market crash.
During his career there, he became an expert in just about every kind of publicly traded security - from blue-chip and small-cap stocks to municipals, junk bonds, and derivatives. As a portfolio manager, Greg was responsible for over $500 million of assets in mutual funds and insurance company accounts.
After leaving the Street, he designed a successful options trading strategy and made lucrative tech investments for a financial publication. He has also helped develop new products and worked with other editors to hone their strategies. He’s always been dedicated to deep, fundamental research - and he always will be - because he believes buying the very best companies at the right price is the best way to amass wealth in the stock market.