At the beginning of the year, I put together a list of Top Investment Picks for 2019 from the investment community and track them on this website. This is just meant to be a fun exercise to see how the picks do. As part of the process, I intend do provide quarterly updates on the picks to see how they are doing. This is the update after Q1.
At the end of Q1, the top picks stand as shown below.
Angry Retail Banker leads the charge with a 61.4% return in Q1! This is remarkable considering that Canopy Growth has won the Top Pick on this blog for the past two years already, and yet continues to run away from the pack on the leaderboard in 2019. At the beginning of the year, this is what ARB had to say about this company:
“I really don’t know what will happen over a single year, but marijuana stocks like CGC will be on a huge growth run over the next decade or so. This company is the largest pot company in Canada, a country which has just legalized all marijuana at the federal level. CGC has been building up its production capacity for the moment the legal marijuana market is in full swing. In the US, more and more states are legalizing it and federal legalization is an inevitability regardless of what any current president, politician, or political party thinks. And even discounting the organic growth, the various complimentary industries that marijuana fits right into means possible takeover opportunities from beverage, alcohol, tobacco, agriculture, pharmaceutical, and food companies.”
I will provide the next update at the end of Q2. Note that you can track the progress anytime by going to the Stock Picks page.
Happy Hunting
R2R
Double ouch for me – because I actually bought Transcontinental…hah
That said, I didn’t buy it for a 1 year return – I still think it’s undervalued, and plan to hold long term. Good luck everyone.
For sure…short time frames, even 1 yr is too early to figure out if an investment will work out. Besides the Jan 1 to Dec 31 is an arbitrary time frame.
R2R
very cool to see how the first quarter has went so far.
Dope stocks still have done well and its suprising to see matts Boeing pick so high up with all this drama around them still.
lets see what the rest of 19 brings. go Disney!
haha cheers
Yeah BA has been quite resilient even in the face of terrible news. One of the most lucrative shorts in the large caps these days.
R2R
Alright, guys, contest is over. We’re calling it early. I’m the winner.
Please, please, stop chanting my name. You’re too kind 🙂
Sincerely,
ARB–Angry Retail Banker
Hahaha well done, ARB. I wouldnt have thought it would rise that much after Canopy won the contest two years in a row.
R2R
From all the stocks listed on that table, I have Alaris Royalty. That stock will continue to do well. Good luck to all!
Ive seen a lot of retail dividend-focused investors hold AD, but had never really looked into the business model until recently. Looked like a good scalable model and need to have a closer look to see if it warrants some of my investment dollars.
cheers
R2R
-8% on my pick! Sadly that’s better than my pick from last year. This should be a better play for whenever the dollar does start declining and fear starts to take hold though. Personally though I’m sticking with GDX and GDXJ for my gold exposure. The weed stocks have been outrageous. Kudos to ARB for picking CGC!
Thats what you get for swinging at the fences 😉 jk…the gold mining space is not for the faint of heart and the wild swings are hard to bear sometimes. Good to stick with GDX and GDXJ.
Best
R2R
The game’s over for me. LTXB announced this morning they were being acquired by PB in a cash/stock deal.
Thanks for the update, Charlie. Hopefully you profited well (if you were holding the stock).
cheers
R2R
Yep … long both sides of this one. Almost 100% (20% per year) … had to stomach a reverse merger a few years ago to get to that gain though.
Congrats on the great returns…20% per year is pretty darn good. Cheers
R2R