The Trump administration is not exactly full of fans of legal cannabis.
Attorney General Jeff Sessions‘ opposition is well known. “Good people don’t smoke marijuana,” he said in April 2016, while still a senator from Alabama. And it’s only got worse from there.
Vice President Mike Pence signed a law during his time as Indiana governor that would land you with a $1,000 fine and up to six months’ jail time if found in possession of the drug. And you know he has the president’s ear.
That’s why what comes next is so shocking: President Donald Trump plans to back medical marijuana after the midterm elections.
Or at least that’s what U.S. Rep. Dana Rohrabacheris saying.
Rohrabacher, a longtime proponent of legalization, said in a recent interview on Fox Business that plans for a massive cannabis reform have been a hot topic of discussion among Trump’s inner circle. He’s talking the sort of reform that could end cannabis prohibition on a federal level.
Call me crazy, but I get excited when the market sells off.
This is doubly true when tech leads stocks down.
This explains why I was so energized on Wednesday when the tech-centric Nasdaq Composite lost more than 3.5%. And then entered correction territory yesterday – down about 10% from its late-August highs.
Here’s the thing. I’ve been around the markets my entire adult life. So I’ve learned the importance of taking the long view. I’ve been through more market selloffs than I care to count.
But the singular truth here is that the market always moves back up. And when it does, tech will lead the way once again.
Of course, it can be rough in the meantime.
But I can’t worry about toughness. As I like to remind folks, my job is to help you make money no matter what the market throws our way.
With that in mind, today I’m starting a two-part chat with you designed to help you profit from the recent selloff.
We’ll start by looking at three profit-producing tools every tech investor needs. Then we’ll follow that up on Tuesday with three hand-selected investments that you can buy now to lead you out of this mess.
Shopping for tires has a lot in common with picking cybersecurity stocks.
Here’s how I came up with this line of thought.
My wife needs new tires for her luxury SUV, an Infiniti FX35, and they need to perform in all sorts of weather.
See, we live up in the hills, and she drives to work along narrow roads with dangerous, hairpin curves.
Some mornings the fog is so thick that the roads get slick. In the rainy season, these roads get even slicker. If she skidded and went over the side, she could easily plunge 200 feet to the bottom of a canyon.
In other words, we are willing to pay extra to get excellent performance in all conditions.
You should take the same approach to investing in the growth field of cybersecurity.
While this is a vital industry, many of the stocks in this sector are choppy and news driven.
That makes it easy to lose money on those kinds of trades if you get the timing wrong.
But I have uncovered what I believe is a great “all-weather” cybersecurity leader. This is the kind of stock that will keep you on the road to wealth even in the stormiest of conditions.