Early investments in legal marijuana and cannabis stocks have made millions for savvy investors. Click on the specific marijuana sector you’re looking to invest to find the best stocks to invest in for October 2019.
Select the marijuana industry you want to invest in
1 Stock to Retire On
This One Stock Could Set You Up for Life
Best All-Around Pot Stock
Invest in stocks poised to absolutely skyrocket
Canadian Weed Stocks
Invest in the hottest low-priced “Canadian pot stock”
Why Invest in Marijuana Stocks?
In this world, we need money. Working a regular 9-to-5 job will never make you rich. No matter how much W2 income you save, it’s impossible to stockpile an outsized sum of cash.
“Investing in marijuana stocks now is like investing in alcohol stocks before prohibition ended.”
Investing is one of the only ways to do this – period. Nearly all of the world’s wealthiest people have earned their fortunes through investment income, not through salaries.
Put simply, investing is an essential component to financial freedom. With marijuana/cannabis stocks in particular, early investments have yielded incredibly ridiculous returns.
3 Easy Steps to Buy Marijuana Stocks Today
Open a free online brokerage account with Webull (the best stock broker to buy marijuana stocks for free in 2019)
Check out Overnight Fortunes to see which marijuana stocks to invest in to make the most money
Place a “limit” order to buy your shares of marijuana stock; this is the price that a stock is purchased for
Reap the endless rewards of being a marijuana stock investor!
The first thing you’ll have to do before you can invest in stocks is open an online brokerage account.
The best online broker that we have found is Webull, not only because Webull charges $0.00 to place a trade, but also because Webull has excellent 24/7 customer service.
All stock and ETF trades start at free. Plus, every Webull client gets access to robust trading platforms and 24/7 customer service, and Webull never charges any inactivity or maintenance fees.
This means it’s totally free to open an account with Webull. Many consumer banks in the US charge customers monthly fees just to maintain an account. The fact that it’s totally free at Webull is pretty awesome.
Step #2: Finding Winning Stocks to Invest In
After your Webull Invest account is open, the next step is find stocks to invest in. Signing up for Overnight Fortunes makes finding stellar stocks to buy a whole lot easier.
Remember, the goal of investing is to make money. Overnight Fortunes is a professional investing service that helps other investors find the best stocks to invest in.
Although you certainly don’t have to sign up for Overnight Fortunes to start investing in stocks, investing without signing up is like throwing darts with your eyes closes and hoping to hit a bullseye.
Nonetheless, once your Webull account is opened and funded, and you’re ready to trade, consider starting with these 4 stocks below, which are some of the most popular stocks in 2019.
Ticker Symbol
Popular Because
BILZF
Dan Bilzerian’s THC and CBD company that’s poised for massive growth
TLRY
One of the largest and most well-known cannabis companies
CRON
Popular cannabis company from Canada
KUSH
Company that manufactures cannabis containers and products
Step #3: Making the Trades
Once you’ve entered the ticker symbol name into Webull’s platform, real-time prices and buttons to buy and sell the stock will appear.
What an Webull account looks like
What an Webull account looks like
The next decision you need to make is how many shares you want to purchase. This will be your fractional ownership in the company. The exact number of shares to purchase is entirely up to you. You can buy 1 share or 1,000,000 shares. You’re only limited by the funds you have available. Ally’s system, thankfully, won’t let you accidentally purchase too many shares relative to your account value. As a general rule of thumb, most investors never put more than 10% of their available funds into a single stock. So if you have $1,000 and a stock is $50 per share, you might want to only buy a few shares, at least until you become comfortable with investing.
When it comes to placing orders, experts prefer to use “limit” orders, because you get to decide what price your trade will execute at. A “market” order will execute your order at the current market price. This is sort of like buying a house without looking at the offering price; for stocks, market orders are only useful if you don’t care about the short-term price movements and just want to own the stock. After submitting your “limit” order, you’ll receive a confirmation of your investment from and you’ll officially be an investor! Exciting!
If you want to sell your investment and close out your position, all you have to do is click on your position in your Webull account on the mobile app or desktop browser/app and click “sell”. Of course, if you need help with anything in this process, Webull customer service is ready to help you 24/7.
About Opening a Brokerage Account
Opening an Account
It takes about 5 minutes to open an account with Webull. There is no fee to open or maintain.
Verifying Yourself
You’ll probably have to answer some questions about your current income and employment status.
What You’ll Need
US licensed stock brokers are required to have each client’s Social Security Number for tax purposes.
Final Thoughts
In the world of finance, investing in marijuana stocks is considered somewhat risky, but it’s also highly lucrative. As the old saying goes, “fortunes favor the bold.”
Webull is one of the best and cheapest brokers to invest with in 2019, and Overnight Fortunes helps take the guesswork out of buying any type of stock.
At the end of the day, buying stocks and investing is planning for your financial future. Experts agree that investing in the cannabis industry now is like investing in the alcohol industry right as prohibition ended.
Regardless of the amount of cash you have in your bank account, if it’s just sitting there, it’s not doing anything for you. Instead of trading their time for money, financially savvy people trade their money for more money by investing in stocks. Think about it!
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