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What’s Next For Cannabis Stocks After The Carnage Witnessed Last Month?

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Marijuana stocks had been on a roll last month. Most companies witnessed robust growth with Canada legalizing cannabis for recreational use. While the stocks were up significantly in the first couple of months this year, largely driven by this speculation, they nosedived in the second half of last month.

This is a classic case of ā€œBuy the rumor, sell the newsā€ kind of event. Out of the 33 largest cannabis stocks, only three moved higher, while 27 experienced a double-digit drop and 19 stocks fell over 20%.

Generally, a 20% drop is considered a bear market. However, as cannabis stocks are pretty volatile with wild price swings, this might not be the case yet.

So why did the stocks crash?

The bloodbath witnessed in the last two weeks have been for good reason. The marijuana industry is still at a very nascent stage. With Canada legalizing recreational use, it is now time for these stock to deliver and walk the talk.

The time for promises, as they say, is over. Now, investors will look for tangible sales, revenue growth and improvement in profitability. Profitable growth might still be a distant dream, though investors would like companies to gallop towards this criteria.

Canopy Growth [CGC] for example is a major player in this space. It has an international presence and is listed on the Toronto Stock Exchange. This company has partnered with Constellation Brands [STZ] where the latter has invested $3.8B.

However, Canopy is also spending aggressively on capacity expansion and its international markets might lose money till 2020 as per estimates. Canopy Growth fell 35% in the second half of last month and has recovered 10% in Nov.

Tilray [TLRY] lost close to 46%, while Cronos [CRON] and MariMed [MRMD] also slumped 42%, and 10% respectively.

Are these stocks a safe bet in the long run?

While investing in potentially high growth companies comes with its own set of risks and volatility, one should not forget the mind-boggling growth which the cannabis industry is set to experience. The stock market rewards long-termĀ investors with compounded returns.

In case players want to play it safe and still invest in the cannabis stocks, investing in marijuana ETFs might provide just the right amount of diversification of risk.

Business

How Big Real Estate Moguls Avoid Taxes (And How You Can, Too) šŸ‘€

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I was looking around Google for an old article on tax strategies and this five-year old video of myself happened to pop up.

I’m interviewing a tax expert about how real estate investors avoid paying taxes in perpetuity—AND how everyday citizens can do the same thing.

(Real estate—our TEMPLE I and TEMPLE II projects included—has a number of tax benefits savvy investors have capitalized on for years, including Opportunity Zone breaks and 10-year tax abatements.)

There’s the 1031 exchange, of course, which I’ve shared with you guys before. 

Just to refresh your memory, the 1031 Exchange allows you to roll over gains from your last project into a new property TAX FREE—as long as said property is worth the same or more.

But there’s ANOTHER TAX LOOPHOLE that can take your portfolio to an entirely new level by splitting your capital gains into MULTIPLE properties.

So I thought I’d share it with you guys. šŸ’Ž

You can check it out here.

Let me know what you think. šŸ˜Ž

PS: In our next update, I’m going to break down how real estate moguls get paid from their properties…tax free. šŸ‘€
PPS: If you want to learn how to implement generational wealth strategies like this one, you can join our NYCE wealth academy (TRIBE U) here.

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How I run a $300M+ business from the beach…(and how you can TOO!)

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Yes, you read that right.

If there’s anything the pandemic taught us, it’s that the paradigm of ā€œofficeā€ and ā€œworkspaceā€ has been shaken to its CORE.

Universities are teaching via Zoom, court dates are done virtually, FULLY REMOTE businesses are valued at $1B+, and legitimate Inc. 5000 startups are run from…wherever. šŸ“²

This is my office for the day…

I am actually running our business from the beach, typing this from here.

It’s 4:28 pm CET, which means it’s 10:28 am EST and I am CRUSHING my to-do list.

(And the team will continue to crush it while I’m asleep. That’s the šŸ—)

So how did we get here?Ā 

We launched NYCE and our mission to create 100,000 millionaires in March, 2020…just as the global COVID-19 lockdown happened. 😳

As a result, we shut down our main office and set EVERYTHING up to run remotely…

SMOOTHLY! And a system that allows us to outperform competition by 200%. (You can build this system, too. More on this in a second.)

Here’s what we were able to do since then:

  • Gained 6M+ followers across all platforms šŸ“ˆ
  • Add 1500+ new apartments to the portfolio šŸ¤‘
  • Grow to $300M in real estate šŸš€
  • 105% investor returns šŸŽ‰
  • 700K+ community members šŸ¤

And here’s the best part…

Having team members in all the main time zones gives us a 24-hour work cycle vs. 9-5/eight-hour on-the-clock performance.

This means we get 3x the productivity of a similar company. šŸ”„

Let me repeat that…3x PRODUCTIVITY vs. our competitors.

Meanwhile our project management software grants us 24-hour TEAM-WIDE connectivity that tracks all tasks and lets us know if productivity dips even a little bit.

There is ALWAYS someone senior awake. It could be Martin in Barcelona…Nat in New York…Vineet & Arif in New Delhi.

All the while giving YOU GUYS wealth hacks and daily content. šŸ”„

OK, so how can you do it?!

Well, the first step is to have an actual side hustle you’re launching. Not just an idea, a validated business.

MAJOR KEY: Do NOT spend money until you’ve made your FIRST DOLLAR! šŸ—šŸ—šŸ—šŸ—

(You can catch a replay Business Launch masterclass here and see TRIBE member Nessa launched her business on the spot and got her first $45K client shortly after.)

One of the easiest ways to start is with Airbnb—you can start that in 10 minutes. Literally. (Here’s a guide if you need it.)

Once you have your business, you build a virtual infrastructure (you really just need two softwares, which are FREE), manage the team accordingly and run the business from there.

I’m gonna put together a step-by-step video breakdown this weekend inside the new TRIBE U on the FIVE key things you need to do this for YOURSELF. šŸ’µ šŸ’Ž

From what software to use, how to build a team, how to keep.

In the meantime, drop a comment if you’re ready to build some wealth and any questions if you want more…

Let’s get to work. šŸ™Œ

PS: If you can’t be bothered with video and just wanna get to work, we’re hosting a TRIBE U workshop that will help you get this process started on the spot. It’s $479 $49. šŸ”„

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Money

CHART: How Blockchain Powers Bitcoin

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Blockchain, Bitcoin. Bitcoin, blockchain.

The two terms go hand in hand—and have become almost ubiquitous with this year’s insane rise (and fall) of Bitcoin.

But what does it all really mean? How does it come together? In this week’s chart, our friends at CB Insights break down exactly how blockchain powers Bitcoin.

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