Welcome to a new week here on the Retirement Quick Tips podcast! I’m your host Ashley Micciche, co-owner of True North Retirement Advisors, an independent financial advisory practice managing $340 million in client assets. I’m a Chartered Retirement Planning Counselor and I’m using my 15 years of experience as a financial advisor to help you gain clarity and make a plan for the retirement you envision.
On this podcast, I cover everything from investing, to retirement spending, to taxes in retirement in just a few minutes each day, so if you’re 5-10 years on either side of retirement, and looking for some daily doses of retirement planning wisdom, you’re in the right place.
The theme this week on the podcast is: Sure Fire Bets That Fizzled Out
After marajuana became legal in my home state of Oregon in 2016, I started to get calls from clients about investing in Marajuana stocks. With public opinion shifting on the legalization of marajuana, the industry seemed ripe for explosive growth as more and more states have legalized pot over the last several years.
But that’s not what happened. Yes, legalization has spread to other states and I think it’s very likely that it will become legal at the federal level at some point, but investing in marajuana stocks has largely been a losing game for investors over the last several years.
So what happened to this sure fire bet and why have most marajuana stocks fared poorly while legalization has spread?
I’ll talk about that and more in this week’s theme, sharing with you lessons to be learned from marajuana companies and several other sure fire bets that fizzled out, and how you can avoid the temptation to be seduced by a sure winner that’s a sure loser in disguise.
That’s it for today. Thanks for listening! Come on back tomorrow…where I’ll talk about
My name is Ashley Micciche...and this is the Retirement Quick Tips podcast.
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----------Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance