Hedge Fund Manager: Goodbye ... And Think Pot

[Silverbird]

http://www.cnbc.com/id/27239479
:eek:

[XL-entLady]

http://www.cnbc.com/id/27239479
:eek:
Pots and weeds. But also pots and kettles. :suspicious:

Lady

[Birchtree]

I handle client money and I don't have that me, me, me attitude. I had a client call me the other day asking whether she should get out of her funds. I told her becasue she has eight more years to work that her funds were where she needed to be and that she should do a little dance when ever she hears the market was going down. Why she asks. Because your monthly 20% is doing overtime work to buy you more shares at a much lower price. The objective here is to accumulate shares and DCA into the lows and stay there as long as it takes to get satiated - the longer you hug the bear the better off you are going to be. You make a lot more money with 10,000 shares than you do with 5,000 shares.

This person is a medical professional in a high risk environment - and 20% of her salary amounts to a serious contribution.

[Caldonia]

http://www.cnbc.com/id/27239479
:eek:

Whoa. Thanks for the link to the hemp n’ hedge piece, Silverbird. :cool: I only discovered this wonderful forum two weeks ago and this interesting article finally delurked me after hours to register an account and post. I’ll add some replies on appropriate threads, and then tell more about my investments on a new thread in the members account forum. I was just inspired to comment on the article topic, assuming that’s okay:

We should be able to invest in the pot industry, if only it was legal to do so. It seems so naturally American to me. Native peoples in America have been using hemp for material and marijuana for medicinal and spiritual purposes for thousands of years. America was partly founded on hemp and even today hemp agriculture can save the economy, replenish farmland, save the forests, etc, produce oils/fuels, fiberboard and concretes, clothing, paper. And it grows like a weed anywhere, and is easy to produce, transform into many items. Lot’s of money to be made here and economy to revived with beneficial agriculture from God's natural creation.

I like this article because it notes how hemp is not marijuana (the illegal drug); hemp does not contain the chemical that produces intoxicating effects. What I find really interesting but not mentioned, is that Hemp is a sibling plant of Hops, used to make beer and ale and herbal remedies. Hops and Hemp are very similar plants in the Cannabaceae family, along with marijuana, which has medicinal, euphoric, and intoxicating effects, similar to hops. One of the most informative plant online pages is from Washburn University, in Topeka, KS:

http://www.washburn.edu/faculty/landrum/Systematics2008/newman/Cannabaceae.html

It’s unfortunate the legal, useful hemp plant gets maligned along with marijuana. It’s unfair that marijuana is so criminally maligned, while alcohol industry and volatile product is legally allowed to ruin lives and break down individuals, families, and society. I also agree with the former hedge fund manager that we have a dangerous situation with all the legal but strong, mind and body-altering prescription medicine that many people are consuming. Not mention alcohol over-consumption. Rx and booze are Legal drugs compared to “pot” which is illegal.

Easy for me to say as I don’t drink alcohol anymore or take Rx meds to get by day to day. And not that I am condemning people who use alcohol and Rx drugs, other drugs. And I certainly do not advocate illegal drugs, and I’m especially opposed to harmful drugs or alcohol which might alter development for teenagers and children. Still, the laws against marijuana should be revised.

Thanks again for posting the link and allowing me to carry on with this semi-controversial subject. ;)
Looking forward to posting on the other threads, especially to learn more about DCA and other investment methods. I’ve learned so much already about my tsp account, thanks so much to the good folks here.

[Silverbird]

It's true about hemp Caldonia, but I wouldn't buy rope from the interviewee of this article, even though it's not pot but hubris that he was smoking.

[CountryBoy]

http://www.cnbc.com/id/27239479
:eek:

Thanks for the article Silverbird,

Very interesting, so interesting in fact is that I may have to roll a big fat doob and give it some thought. :D Did I age myself with the Doob description or was that a regional name only.

CB

[McDuck]

This person is a medical professional in a high risk environment - and 20% of her salary amounts to a serious contribution.

What do you mean by "in a high risk environment"?