Actuarial Outpost
 
Go Back   Actuarial Outpost > Actuarial Discussion Forum > Finance - Investments > Non-Actuarial Personal Finance/Investing
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions


Upload your resume securely at https://www.dwsimpson.com
to be contacted when our jobs meet your skills and objectives.


Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 10-17-2018, 02:51 PM
Canadiens Fan Canadiens Fan is offline
Member
SOA
 
Join Date: Oct 2013
Location: Canada
Studying for LFV-C
Favorite beer: Blanche de Chambly
Posts: 4,376
Default Anyone Investing in Weed?

Marijuana became legal in Canada today. My actuarial colleagues who invest in the stock market doubled/tripled their initial investments ($20-30k) in the past few weeks. Anyone here doing the same?
Reply With Quote
  #2  
Old 10-18-2018, 11:30 AM
mathmajor's Avatar
mathmajor mathmajor is offline
Member
SOA AAA
 
Join Date: Dec 2010
Location: Nowhere in particular
Studying for Japanese
College: B.S. Applied Math
Favorite beer: La Croix Grapefruit
Posts: 10,005
Default

College acquaintances have offered to invest and/or start companies related to it in the states. Seems like a strong financial bet.

If legality is spread more broadly I would absolutely dump money into it.
__________________
3.14159 26535 89793 23846 26433 83279 50288 41971 69399 37510 58209 74944 59230 78164 06286 20899 86280 34825 34211 70679 82148 08651 32823 06647 09384 46095 50582 23172 53594 08128 48111 74502 84102 70193 85211 05559 64462 29489 54930 38196 44288 10975 66593 34461 28475 64823 37867 83165 27120 19091 45648 56692 34603 48610 45432 66482 13393 60726 02491 41273 72458 70066 06315 58817 48815 20920 96282 92540
Reply With Quote
  #3  
Old 10-18-2018, 12:01 PM
E's Avatar
E E is offline
Eddie Smith
SOA AAA
 
Join Date: May 2003
College: UGA
Posts: 9,226
Default

Guaranteed to make your portfolio higher, imo
__________________


Learn how FSA exams are different from the prelims

We have your exam covered:

LP | LFV-U | LFV-C | LRM | ERM | QFI Quant | QFI Adv | QFI IRM | G&H Core | G&H Adv | G&H Sp

Check out our Technical Skills Course and our new R Course!

Connect on Twitter, Facebook, & LinkedIn
Reply With Quote
  #4  
Old 10-18-2018, 12:23 PM
Westley Westley is offline
Member
 
Join Date: Nov 2001
Posts: 28,134
Default

Definitely a growth market, unfortunately it's difficult in the US. There are plenty of sales, since the feds have essentially accepted it as intra-state commerce. Doubtful the SEC would act the same way toward a stock offering, so nobody has tried.
Reply With Quote
  #5  
Old 10-18-2018, 02:11 PM
lulzEMH lulzEMH is offline
Member
 
Join Date: Aug 2011
Posts: 1,502
Default

I assumed everyone was because my super conservative barber who wouldn't touch weed and never talks about stocks, joked last week that he bought some weed. Meaning some Canadian company that another customer had recommended to him after seeing Tilray sky rocket.

I wonder how bad this will hurt the macro brewerers which are already losing out to craft upstarts.
Reply With Quote
  #6  
Old 10-18-2018, 02:33 PM
hostess's Avatar
hostess hostess is online now
Member
CAS
 
Join Date: Aug 2018
Posts: 499
Default

yeah i'm investing in weed.... i got a couple tons in my basement.
Reply With Quote
  #7  
Old 10-18-2018, 02:48 PM
Kenny's Avatar
Kenny Kenny is offline
Member
Non-Actuary
 
Join Date: Jan 2003
Posts: 7,661
Default

I did, but it all went up in smoke.
__________________
I am a scientist. I am sorry to disappoint you but I have never seen an elf or a troll. But who am I to exclude their existence? - Arni Bjoernsson
You are stupid and evil and do not know you are stupid and evil. ... Dumb students are educated stupid. - timecube.com
Usually while I'm reading, I'm actually thinking about...midgets riding toy horses - Roto


Reply With Quote
  #8  
Old 10-18-2018, 05:36 PM
yoyo's Avatar
yoyo yoyo is offline
Member
CAS
 
Join Date: Dec 2001
Posts: 22,692
Default

Reply With Quote
  #9  
Old 10-18-2018, 06:05 PM
Canadiens Fan Canadiens Fan is offline
Member
SOA
 
Join Date: Oct 2013
Location: Canada
Studying for LFV-C
Favorite beer: Blanche de Chambly
Posts: 4,376
Default

Quote:
Originally Posted by E View Post
Guaranteed to make your portfolio higher, imo
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 03:58 PM.


Powered by vBulletin®
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.33198 seconds with 11 queries