Behind the Scenes Investing in MJ stocks
Behind the Scenes
You may have checked out my MJ portfolio page, you see a portfolio in the six figures. What goes through you mind? Oh man how lucky, wow that’s crazy, this guy is dumb risking so much money.
I’ve thought all those things my self, along with others. Like should I tell my wife? Why am I checking the stocks 100x a day. Am I normally this stressed?
Do I think I’m lucky?
Of course, these investments could have all tanked and they still could. I’ve taken a risk and slowly over time have been adding to my investments.
Although its awesome that my portfolio is growing like it is, its not just dumb luck. Researching MJ stocks has basically been like a part time job for me lately.
Do I think it’s Crazy?
I never thought I would have 6 figures invested in MJ stocks, if you asked me 3 years ago I couldn’t even phantom having that much invested. It’s kinda like the fog in boiling water analog. I’ve been slowly getting boiled in MJ stocks.
Is it stupid to risk so much money?
Takes money to make money! I would rather have +100k invested in a variety of MJ stocks than take 100k and try to start my own business. I have no idea how to run a company, this way I can invest in others that do.
Being a retail investor, there are much smarter people out there, how can I be sure there isn’t a larger game at foot. There are all kinds of articles/pundits saying you should not invest in this sector. So for some reason I think I”m going to beat them at their own game. Do they just not want to invest in this market because MJ is not fully legal yet? Is it an opportunity for the little guy, I hope so.
Should I tell my Wife?
Last November, during the big run up, I told my wife how much I had invested. She instantly told me to sell, hindsight I should have sold during the run up, as none of the stocks held those levels. I’ve learned to now keep my investments under the radar. If I had told her after November that the stocks had dropped back down 30% should would be saying to sell before it goes to 0. I’ve had to overcome my own emotions when going through the ups and downs, I don’t want to negotiate whether to sell or not.
Why am I checking 100x a day?
It’s great to keep an eye on the stocks, checking 100 times a day, not so great. Keeping an eye on them can help if I happen to see an opportunity, stock jumping huge or something. Doesn’t happen very often. Why check so often when I’m holding long term.
Am I normally this stressed?
I’ve been wondering lately, are my investing stressing me the fuck out? Sometimes feel like I’m riding on the edge. I try to mentally prepare for drops. Even days that are green are stressful because you are wondering, should I sell and lock in profits. If my porfolio were to hit 500k what the heck will I do? Would be a good problem to have, but still will force a decision.
This is just some of the behind scenes shit going through my head while holding these MJ stocks.