How to invest in the first marijuana etf – hmmj – nanalyze funny jokes for adults clean

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Ever since we published our first article warning about the dangers of marijuana stocks, people have been asking us two questions hkd usd. The first question is “ how can I buy marijuana stocks” and the second question is “ which marijuana stocks should I buy“? We always suggest that eager investors should invest a majority of their funds in something safer, and be sure to stay clear of over-the-counter (OTC) stocks. Instead, look at the medical marijuana stocks that trade on major U.S. exchanges, or alternatively, consider buying the single biggest producer of marijuana in Canada by a long margin which is Canopy Growth (TSE:WEED). Since our last article on WEED, we came across the ideal way for budding cannabis investors to get some skin in the game which is to pick up shares in the first marijuana ETF ever.


In order to celebrate 4/20, we’re going to show you how to buy shares in that marijuana ETF by doing it right here and now for everyone to see. The ETF in question is called the “Horizon Medical Marijuana Life Sciences ETF” and it trades on the Toronto Stock Exchange ( TSE:HMMJ) as seen below:

Now there are a few things we’ve highlighted above which we want to discuss but first let’s start with the basics. An Exchange Traded Fund ( ETF) is a basket of stocks that you can buy and sell just like you would a single stock 1 jpy to usd. Investors like ETFs because they provide diversification which means you are less likely to lose all your money by owning a group of stocks rather than just investing in a single stock historical exchange rates gbp to usd. Who picks the stocks in the ETF basket? Typically you will have an index provider who builds an “index” which is a collection of stocks like the S&P 500. The ETF then tracks the performance of the index. The index that HMMJ is tracking is called the “North American Medical Marijuana Index”.

• Management Fee – This is how much they charge you for investing in the ETF. It’s all behind the scenes but it affects the performance of the ETF. The fee for HMMJ is .75% or 75 basis points which is high, eh usd to gb. But most of you are high too, so you probably won’t give a isht and they know that.

• Currency – This means you need Canadian dollars to buy the ETF. Where can you possibly get Canadian dollars from? Don’t worry, we’ll sort you out.

Now before you go buying anything, don’t you want to know what you’re actually buying here? Based on most of the conversations we’ve had on our Facebook page, probably not, but we’re going to dig into this anyway. Here is the list of stocks that HMMJ holds:

So when you buy the Horizon Medical Marijuana Life Sciences ETF, you’re buying fractional shares in all those stocks you see above us dollar indian rupee exchange rate today. For example, if you invested $1,000 into this ETF then you would own $99.50 worth of Aphria shares, $99.50 worth of Aurora Cannabis shares, $99.50 worth of Canopy growth shares, etc. etc usd to rub. Most of these stocks we’ve covered before and here’s what each one does: Aphria Inc. – 9.95%

Do you notice one thing about this ETF? There are no over-the-counter (OTC) stocks anywhere to be seen. That’s because sophisticated investors, or investors with common sense, stay well clear of OTC garbage. Most of the above stocks fall into our original list of 57 marijuana stocks and we’re glad to see lots of representation from the growers in the top of the list binary editor. Everything looks good so let’s set our retirement plans in action and get rich ASAP.

The first thing we need to do is login into our Interactive Brokers Account. If you haven’t opened one yet, you’ll want to read our review of Interactive Brokers which we consider to be the single best brokerage out there for advanced retail investors. Go ahead and open an account if you want to play along. We’ll wait.

Now the first thing we need are some Canadian dollars. We’re going to keep this simple and try to buy 100 shares of HMMJ. ( If you want to buy 200 shares, just double everything. 300 shares, triple everything usd aed rate. Etc.) Looks like HMMJ is trading at around $10.69 a share in Canadian dollars so let’s buy 1100 Canadian dollars just to be sure we have enough to cover our trade. Check out the below order screen with artisinal annotations from one of our half-baked MBAs:

This is where isht gets confusing stock meaning in english. Aren’t we buying Canadian dollars, not selling them? Actually, we’re choosing what’s called a “currency pair” which is USD/CAD. This means if we SELL the USD/CAD currency pair then we are selling U.S. dollars to buy Canadian dollars. That’s what we want – to buy Canadian dollars. How many U.S. dollars do we sell? Just go to www.xe.com and then translate $1,100 CAD to USD and you will get $816.91 at today’s foreign exchange rates. So we’re going to round that up and sell $817 crisp U.S. dollars as seen below:

The fee for that is $2.50 USD. Note that you will not pay more than that if you increase that to say $10,000 U.S. dollars. They will still charge you just $2.50 which is an excellent deal. Once you click “Submit Order”, you will then have your Canadian dollars when the order goes through.

That’s because the system automatically created a limit order of $10.70 which says that is all we are willing to pay. The problem is, people are asking a different price ( it’s always more because if it was less then we would have been able to buy them). So then you need to sit there like we did and look like a total tool as you slowly increment the price penny by penny upwards while some broker sits on the other end laughing his azz off and raising the price slowly to see how high you’ll bid up aud to usd exchange rate. Actually, we’re just joking about that last part. That broker has probably been replaced already by an artificial intelligence algorithm that doesn’t have a sense of humor.

So anyways, you don’t have to do that at all and can just wait to see if your order fills over time ( stock prices fluctuate all the time) but we have no patience and needed to get this article out to you on 4/20 so we had a good laugh about the whole thing and ended up paying $10.79 per share as seen below:

So you see we now hold 100 shares of HMMJ which are priced in Canadian dollars so we now have exposure to the Canadian dollar in our portfolio. This will help hedge weaknesses in the U.S. dollar but that’s all too complicated to think about so let’s just go figure out how we’re going to spend all that money we’re going to make off marijuana stocks.

If you get stuck anywhere in that process, it may be because we were too stoned focused on taking screenshots and missed something. You can then try and deal with the IB customer support hotline ( it could be John in Mumbai, we’re just not sure) or you can drop us a line and one of our MBAs can provide you with a “tactical investment consultation” that will cost you a ridiculous amount of money and then she’ll spend most of the time trying to sell you other financial products using lots of two-by-twos like this one:

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