“And if I win [the lottery], I’m gonna put it all into a very low-yield bond.”
– Ross from the TV show Friends.
When fortune falls on us, we react very differently. For certain people, winning the lotto means buying a new sports car, whereas others would only use a small amount of the winnings to renovate the kitchen and save the rest. Essentially, we all have different priorities or aspirations when luck shines upon us.
With Christmas around the corner, the question of what to put in the stockings of our loved ones is something that needs to be pondered. As there are a variety of options (both good and bad), we need to take a look at what could be the best and worst options this holiday season.
The very first idea for investors is to purchase share certificates of Canada’s marijuana companies, which continue to trade at relatively low prices.
At a current price of $7.50, shares of Aurora Cannabis Inc. (TSX:ACB) are still a great stocking stuffer for younger investors seeking something exciting to talk to their friends about. A generation ago, it was shares in companies like Blockbuster Video that got young people interested in investing for the first time. Why should marijuana be any different as it becomes legal?
Investors may want to consider shares of Canopy Growth Corp. (TSX:WEED). Given the scope of operations, Canopy will carry a little less risk for investors not wanting to dive too far into the deep end of the pool.
And the worst stocking stuffer is…
At a current price of $10,000 per Bitcoin, investors may want to shy away from such a new and exciting item, as the value of the Bitcoin stocking stuffer (and all virtual currencies) could fluctuate a great deal between now and Christmas. Although the performance of these currencies has been fantastic, the reality is that investors have yet to deal with the full ramifications of making money in this space.
The taxman cometh!
With many governments now wanting their portion of what is owed to them (the taxes), investors may begin reconsidering their Bitcoin holdings. As has traditionally been the case, first to market does not necessarily translate to being the most profitable, nor does it guarantee a place in the market in perpetuity.