blog, blogging, budgeting, money

Fall Budgeting*

Now that it is officially Fall , this is the perfect time to look over your finances and look to make sure your budget works for the next few months.  Since the holidays are coming up this is the perfect time to set a budget for upcoming holiday expenses.

A lot of banks have special holiday accounts that you can put money into for holiday spending. First, if you have kids your kids will need costumes for Halloween which have gotten pricier over the years. If you can’t save for that look to get creative and make a homemade costume. Thanksgiving ,depending on if you are hosting or going to someone else’s home, can be pretty costly. Look out for all the different deals at your local grocery stores and look to utilize coupons to help save money. For Christmas, which can be the most costly holiday of the year should most definitely be budgeted months beforehand so you do not have to go into debt by using credit cards to afford presents for others. With all the holiday events that occur, it is easy to drive yourself into debt.

The best thing to do is get ahead of the curve. The holidays occur every year at the same time so it should be no surprise at the expenses that can pile up. Make a plan now so the holidays don’t become stressful or affect your financial standing.

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WEEKLY MARKET RECAP

Red hot sector.

This week the cannabis sector has been on fire. Stocks such as Tilray, Canopy Growth, Aphria & Aurora have been gaining momentum this last month as Canada prepares for legalization of recreational marijuana on October 17,2018. Also , with whispers of larger tobacco, alcohol and pharmaceutical companies looking to enter the sector expect a lot of interest in these stocks.

Is it too late to get in the game? I don’t believe so. I believe a stock like Tilray , which has reached a high of $300 recently is way overpriced but there are other companies I believe still has lots of room to grow. Aurora, Hexo & Aphria are 3 marijuana stocks that aren’t as pricy as Canopy Growth or Tilray but have long term potential.

Aurora Cannabis is looking to uplist to US markets next month but at this time trading OTC under ACBFF. Also, their earnings date is coming up 9/25/18 so there is time to purchase some shares and receive possible future gains. Also , with recent whispers of large beverage companies looking to partner with the company, I think this stock is fairly undervalued when compared with the other stocks in the sector.

Hexo (Hydropothecary) is also a reasonably priced marijuana stock. They currently have a joint venture with Molson Coors. At a price under $7.00 there is still time to hop on the cannabis train for a decent price.

Aphria is also one of the top 5 Canadian marijuana companies and has the potential possibility of being picked up by a beverage, tobacco or pharmaceutical company.

I listed some of the different stocks in the sector and believe there is a lot of potential for high long term gains. Remember, this is a new sector so expect a lot of volatility in the short term. If you are risk-averse these stocks may not be in your best interest. If you are okay with high risks, high rewards, I suggest you research some companies and look to invest.

DISCLAIMER*** I do not associate or work with any of these companies. I recommend you do your own research or contact a financial/wealth advisor if you need assistance in deciding if these stocks are right for you.

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Weekly Stock Pick

My stock pick of the month is OTC ticker ACBFF : Aurora Cannabis. I chose Aurora because of the impending legalization of recreational marijuana use in Canada in October. Marijuana stocks are currently bullish with other heavy hitters like Canopy Growth and Tilray making huge gains over the last month.

As of September 17,2018 there has been rumors/whispers of Coca Cola being in talks with the company. The CCO of Aurora was recently interviewed on the Midas Letter & advised the company plans to list in the US in October which is good news and gives the company more legitimacy. Also, Aurora is currently under $8/share compared to the other major players like Canopy Growth which is $49/share and Tilray ,which I believe is way overvalued, at over $120/share.  Aurora Cannabis has been acquiring many other companies in Canada and internationally in the last year looking to be a future mega force in the cannabis sector. At this time many are worried about the ACBFF stock being diluted due to multiple acquisitions meaning there is a high amount of floating shares. I understand the concern, it is a risky investment but as with the whole cannabis sector there is a chance of huge returns in the long term. Dilution is an issue but since it is a young market there is plenty of room for growth. It is also wise to remember that cannabis/marijuana isn’t legal everywhere. It is legal in certain states in the United States of America but not on a federal level. There are also European countries that it is legal. There is future opportunities outside of Canada for when it becomes legalized in other countries. This allows them to have a head start on production. At this time, Aurora Cannabis is setting itself up to have a high production rate not just for recreational use but for medicinal use worldwide.  Since it is still a new market/ young company future profits are purely speculative.

DISCLAIMER*** Investing is risky and anytime you invest in the stock market you risk losing money. I am not affiliated with this company nor am I financial advisor or stock broker. I recommend you do your due diligence and research companies on your own before investing. Also, I suggest reviewing companies financial statements and speaking with a certified financial planner before investing if you are new to investing.

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Procrastination is killing your dreams.

Are you someone who makes plans to start something but end up  pushing it off until tomorrow, next week, next month or next year? Or maybe you push it back so much that you never get started at all. Some people have brilliant ideas but never get to put those ideas to work.

 

Procrastination is killing your dreams.

Maybe you are someone who has many ideas but everyday you do things that take you further away from your vision. It is time to have a plan and take action.  To stay on track utilize the tools you have at your disposal. These tools can include electronic devices such as your phone, a tablet or even post-it stickers that you can put in locations where you will have to see them everyday. You can even mark a calendar or use a planner to stay on track.

You can have a million goals or plans for your life but if you do not take any action you won’t fulfill any of them. The only thing holding you back is yourself. Look at every invention you use on a day to day basis and imagine if the inventor never got around to focusing on bringing that idea to life.  Conquering procrastination is the first step to making things happen.