There is no surefire number to making a profitable investment in any business, but when it comes to the extremely volatile, and profitable industry of marijuana, the potential for gains could be great in today’s climate. What many are finding is that the ebb and flow of marijuana stocks has created an opportunity to profit off of this booming green rush. This has also begun to attract thousands of new investors looking at marijuana stocks, both seasoned and green.
When most people begin investing it’s usually smart to have a savings account with at least six months of income. “We really encourage people to have six months of savings first,” says Yvette Butler, president of Capital One Investing. “Once you have a few thousand in savings, then you can start investing.” Ask anyone who invests and you’ll learn that the potential to make large sums of money, also comes with the potential to lose it all.
Once you have that down, an okay investment typically starts around $1 thousand dollars, but to see some returns one should invest upwards of $10,000. If you were to earn 7% per month (which would be great on a normal stock, and normal on a marijuana stock), that’d be a difference of $70 profit to over $750.
With marijuana, stocks have reached new highs in the past few weeks with several in the 20% and above game. Legalization across 28 states for medical marijuana has made he business incredibly solid amongst publicly traded MMJ stocks. Gains in this industry are fruitful and often. In the usual case, volatile stocks will produce short term gains however in the marijuana industry, because it is so new, the volatility causes stocks to constantly be on the rise regardless of time.
The amount one should invest is different across the board. Based on goals, financial backing, age, career and a whole list of variables, the amount an investor should put into marijuana funds depends on the individual. With a booming industry to back their investment, any amount put in from small to large will show a return, but the more you’re able to put in, the more you’ll see come out.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
