ETF Of The Week: Marijuana Stocks Surge Higher: (MJ)

Ted

FYI: Last week, we reported that the ETFMG Alternative Harvest ETF (MJ) was on a tear—and it's showing no signs of slowing down.

Over the past month, MJ has surged 31%, making it the best-performing ETF in the U.S by far. In comparison, the SPDR S&P 500 ETF Trust (SPY) is only up 2% over the same period:
Regards,
Ted
https://www.etf.com/sections/features-and-news/etf-week-marijuana-etfs-meteoric-rise

Bloomberg Article On MJ:
https://www.bloomberg.com/news/articles/2018-09-07/canadian-weed-etf-passes-billion-dollar-mark-as-pot-stocks-surge

johnN

https://www.marketwatch.com/story/want-to-invest-in-cannabis-companies-watch-out-for-rogue-players-2018-09-07

Related to mj

Want to invest in cannabis companies? Watch out for rogue players

Old_Joe

@Ted: As I mentioned in another thread, thanks to you I'm ahead $61 so far. Of course we both know that this is not going to end well.

hank

Old_Joe said:

@Ted:

As I mentioned in another thread, thanks to you I'm ahead $61 so far.

Is that 61 Bil or 61 Mil? I suppose it becomes hard to count after a while.

Knew a guy once who invested a great deal of his and his wife's retirement monies in some big distillers - mainly so she couldn't complain when he "sampled" their products - which was often.