Don't Let the High Send You Up In SmokeSubmitted by Balanced Financial Concepts, Solon, Ohio on August 2nd, 2017
With increasing news and noise about the up-and-coming marijuana industry, we’ve started to receive more questions about the potential for investing in what looks to be a growth industry. Even though there could be positive potential, it’s important to remember that not all companies have what it takes to survive, and more importantly, that not all stocks are legit. Some companies may be created only to raise money from unsuspecting investors, only to “close their doors” a few months later with investor money in hand.
We want to pass along these articles directly from financial industry regulatory organizations to exercise caution when evaluating investment options in marijuana-related companies:
While these articles are specific to the marijuana industry, it’s a reminder that we, as prudent investors, should always know what we’re getting into. We should do our research, keep our focus, and not let excitement (or the excitement of others) affect our long-term vision for ourselves.
We hope you take time to glance through these timely pieces. When it comes to your savings, don’t get caught in the weed(s)…and if you do, don’t get burnt.