Marijuana Stocks: Buy Canadian Big- And Mid-Caps; Tax Loss Selling Focused Wait Recommended For Small- Or … – Seeking Alpha

Some Links to Seeking Alpha Articles on Canadian and U.S. Tax Loss Selling

Here is Ted’s article and here is mine. We both agree that the stage is set for some buying opportunities in the cannabis or marijuana sector in North America.

Where I am at in the Age-Earning Cycle

At the age of 60, I want the bulk of my investments in safe, secure financial instruments, and sectors or segments of the economy likely to grow. I see no greater opportunity, at this point in time, better than the cannabis and marijuana sector in North America. This does not mean that I am “all in” with cannabis or marijuana stocks. I also like Facebook (NASDAQ:FB), Apple (NASDAQ:AAPL), SnapChat (NYSE:SNAP) (wife’s pick), (NASDAQ:AMZN) (since they will come to own the world), Tesla (NASDAQ:TSLA) (though his cash burn is a matter of some concern), and a variety of Fidelity mutual funds.

The Perfect Storm for a Growing Sector or Segment of the North American Economy

When combined with a very well documented seasonal anomaly and rising North American equities values, the stage is set for a significant “tax loss selling” or “harvesting” and “January effect” sequence over the next several weeks. So, while I continue to recommend that you wait a bit longer for the “penny” stocks, I suspect a long-term buy-and-hold will yield positive results for your favorite cannabis or marijuana stocks for the next year or so. Below is a chart of the Horizons Marijuana Life Sciences Index ETF through November 28, 2017.

Below are the top 10 holdings, representing about 81% of the ETF, as of November 28, 2017:

My chart, with U.S. tickers, follows:

I am going to keep the math easy for the first table. Here, I am merely looking at the percentage

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