Publisher's Synopsis
Anthony Cataldo, PhD, CPA, CMA, CGMA became interested in marijuana stocks while doing some academic research. He found that a portfolio of 40 marijuana stocks generated a return of 228% between January 2013 and January 2014. This return was much higher for firms incorporated in the state of Delaware (577%) when compared to firms incorporated in the state of Nevada (69%), but both exceeded same period returns for the Dow Jones Industrial Average (23%), the S&P 500 (25%), and the NASDAQ (33%) indexes.
A Full Professor of Accounting at West Chester University, Cataldo explains that you do not have to sit in front of the computer all day to make money in the stock market, and you do not need to have a lot of money. You can profitably trade $1,000 or invest $100,000. You simply buy the stock at a low price, and place a good til cancelled (GTC) sell order once your long position in the security is established. Whether you are a long-term buy-and-hold investor or a day-trader, his book will provide the tools to assist you as you examine publicly traded equity securities in the newly emerging and expanding recreational marijuana segment of the U.S. economy.
