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.