Everyone that signs up to The Green Fund, is asked to complete a short 2-minute survey. The point of the survey is simply to better understand our readers and what they want from theor site.
It is with this knowledge, that we decide what to write about and what type of content to focus on.
One of the more important questions we ask is what might be stopping our readers from entering the market and investing in their first pot stock?
The results are definitive – that's for sure. Just under 73% of our you have not invested as you are unsure about shares, the share market, and most importantly, how to actually buy shares. And I get it.
The very first share I actually bought was a cannabis stock (although I had stock in companies I listed, I had never actually gone and purchased a "third party" stock before).
The problem arises with the jargon. Having studied finance and having a good grasp of financial terminology, I got it, but could clearly see where this could be both confusing and overwhelming to others.
The beginning – a good place to start
Starting from the very beginning and then working our way forward slowly and surely, we have created a step-by-step guide to investing.
We have assumed (and you know what they say about assumptions) that you have little to no financial knowledge, and we explain the concepts in layman's terms while still giving it a good dose of our sarcasm and wit.
Part 1 is all about shares. What they actually are, and what it means to own them. We cover the different type of shares and the rights and rewards that come with them. If the terms share issue and dividends make you grimace, then Part 1 is where you need to start.
Part 2 covers the stock markets themselves. How do they work, where're they located, and how to access them. We answer all of these and more.
This is an important section, as the Cannabis Industry is a global industry. More importantly, it is a nascent, cottage-style, industry that is still highly fragmented. This means that there are many companies in the space.
And they all operate on different stock markets, so it's important to know about the global exchanges and how they work.
And finally, and one might say, most importantly, we tackle the "I'm unsure how to buy pot stocks" fear.
The biggest concern of them all, and accounting for more than a third of our reader's concerns, is dealt with in classic Green Fund style.
We talk you through brokers and brokerage platforms, and then walk you through how to actually open up an online brokerage account.
Fascinating stuff, but the stuff that's ultimately the most fun – entering the Green Rush!
So without further ado, let's dive right in.
And there you have it.
By now you, you should have a pretty good understanding of shares, the stock markets, and what you need to do in order to buy your first share. And it would seem that quite a few of you are looking to enter the market, and soon.
Once you have your brokerage account opened, locked and loaded, the next step is by far the biggest of them all – picking your first stock or stocks. Remember to obey one or two of the basic rules when entering the market.
Firstly, do not invest all of your money in just one stock. You never, ever put all of your eggs in one basket, and this is never more true in this instance.
Yes, you may strike it lucky and that one share takes off and you're golden, but it could also go the other way, and with one foul swoop, your investment is gone.
We don't want that, and we're pretty sure you don't want that, and so, suggest you always look to diversify. Picking a cross-section of stocks is your best insurance policy.
And secondly, do not invest all of your money in one go. The cannabis industry is a young industry. As a result, it is also a volatile industry, one prone to very significant price movements. So take your time when first entering the market, and buy your shares in smaller amounts.
This gives you flexibility as you can always add to your stock if the prices pull back a bit (called Dollar Averaging Down), or alternatively, give you the freedom to quickly add a new position if a great opportunity arises.
We hope you enjoyed this guide, and that we have alleviated some of your fears and concerns surrounding buying marijuana stocks. This is the best investment opportunity since the tech boom of the 90s.
This is the Green Rush!
And they told you money doesn't grow on trees.