Investing in Marijuana: Stock Tips from a 12-Year-Old
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Brady Clifford, a twelve-year-old student in 7th grade in the U.S., shares easy-to-follow stock tips for investors of any age, and why purchasing marijuana stocks can be a great investment right now.
Hi! I'm Brady Clifford, a twelve-year-old nature enthusiast and stock aficionado. I have been looking into buying stocks since early 2020, but I didn’t actually start investing until this December. I currently have my money invested in Tesla, Apple, Cresco Labs, and a couple of mutual funds. If you are looking to invest, these can be great places to start.
Now, I recommend Tesla and Apple for many reasons. To begin with, Tesla has the best electric vehicles for sale right now, and since they do not spend any money on advertising, they really do spend every penny they can on making their cars the best around. Tesla is also planning to expand their franchise with more models, and they are the future of the car industry. If you do buy Tesla stocks, I would advise holding onto them for quite some time.
Apple is another great technology company that you will benefit from in the future. With new iPhones, iPads, computers, and much more being released every year, Apple’s customer base is continuously growing. They are currently competing with Samsung for most phones sold in 2020, but Apple’s products are often considered better quality, especially since they only produce four to five new phone models every year, while Samsung produces over ten. This means that Apple puts more effort into their phones and keeps them up to date with other competitors. Samsung, meanwhile, does not update their phones after two years, which is a marketing ploy to get you to buy a new phone. Apple is also expected to produce a car by 2027, although they are aiming to release it even earlier in 2024.
While these stocks are amazing, that is not what this article is about. The main stock we will be looking at is Cresco Labs. Cresco Labs is a large marijuana company that produces most, if not all, of marijuana products which are currently available to consumers. The marijuana business is predicted to grow from 1 billion dollars to 70 billion dollars in the next ten years, and Cresco Labs is expected to make the most gain in that large revenue increase. They are continuing to expand their business, with more locations popping up all over the country, and they are becoming very popular. Cresco Labs owns a smaller company for every product they sell. They own Cresco Reserve, Remedi, Mindys, Good News, High Supply, Wonder Wellness Co, and Floracal Farms. Each one specializes in a different area of the marijuana market.
You might be wondering, how did a twelve-year-old stumble across such an interesting and odd stock? No, I didn't know about marijuana through personal use. I found out about marijuana stocks through an article in The Motley Fool, a financial advice company which sends out newsletters and reports on stock tips. I then did further research to make sure that this stock was decently well-known and had a high probability of making a profit.
Marijuana stock is decently cheap, currently priced at about $15. I have currently earned over $50 since December, but the stock market is still fluctuating a lot, due to Joe Biden becoming president. You don't need to know all about marijuanna to know that it's a good stock to buy. Look at me for example: a twelve-year-old boy. I don't know much about marijuana at all, but in the stock world, profit is not about buying based on personal experience with a product, it’s about buying into businesses which will grow in the future.
All in all, I would definitely recommend that you give yourself a chance to look into stocks. It is a great way to take your savings and possibly make more from them. And who knows, in time, you might be able to afford that waterfront home in Malibu you always wanted, or that nice Lambo you've dreamed of since you were fifteen. If you are truly interested in buying stocks, make sure to do your research and go through a well-known trading company. I personally use E-Trade, but TD Ameritrade is also a good option.
I'm Brady Clifford, and this is Stock Tips From a Twelve-Year-Old.
Brady Clifford is a twelve-year-old student in 7th grade. He enjoys playing baseball, playing the drums, and surfing.