Investing in Weedstocks to Reach Financial Independence

The following is a guest post from Save Stacks

There are many routes to financial independence. The average Joe works at his job for 30 years and ends up with a nice fat pension. Most people reading this blog are taking a different approach, to limit time in the work force. The most common methods are usually dividend investing or real estate to reach FI.  I’ve gone on a completely different path, investing in the newly forming MJ industry.

Start of My FI Journey

I started my FI journey like others, stumbling across a blog like this one. You end up catching the bug, thinking there is a different way of life than being a cubicle slave.

I was on the verge of buying a $70,000 truck, luckily I was saved just before making that mistake.  Instead I started buying my company stock options, which pay out a decent dividend. I was now obsessed with getting more dividend income.

Dividend stocks are awesome, paying you 5% per month and also gaining value at the same time. A lot of wealth has been generated from dividend stocks.  Kevin O’Leary from the Shark Tank only buys dividend paying stocks.

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2017 Top Investment Picks – Q3 Update

At the beginning of the year, I put together a list of top picks 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 Q3.

Note that you can track the progress anytime by going to the Stock Picks page.

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Cryptocurrencies – Getting My Feet Wet

I was glad to see a lot of interest and follow up questions and comments from readers on the Blockchain post last week. As I mentioned in that post, I have been spending the better part of the summer reading voraciously and learning anything and everything I can on the topic. This area of technology has completely grasped my imagination and I cant help but try to make sense of things currently and envision what the future economies will look like. Rest assured, I think most industries will be disrupted – some for the better, some for the worse in the coming years/decades as the blockchain tech improves rapidly.

I’ve known about blockchains for a few years now, but never really took a deep dive as I had no vested interest. But now the technology has advanced quite a bit and so has the hype. To motivate myself to read and learn more, I started off earlier this summer with some skin-in-the-game. I decided to finally take a plunge and open a small investment in cryptocurrencies.

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Investing in Green Bonds with CoPower

I have always been intrigued with investing in renewable energy. A couple of years ago, I looked into installing a rooftop solar system to generate passive income by selling the generated power to the grid during on-peak hours. However, after some researching, it turned out that the initial investment was quite steep (approx. $30,000) and the generated returns were not sizeable enough to warrant it. In addition, there is no way to shelter the income from taxes, so I dropped the idea after some serious consideration.

Equity Space in Renewables

Over the last year or so, I started researching yieldcos – spinoffs from utility companies, which focus on the renewable space. There are plenty of such companies, which provide juicy yield in the market such as Brookfield Renewable Partners (BEP), TransAlta Renewables (RNW.TO), NextEra Energy Partners (NEP), 8Point3 Energy Partners (CAFD) to name a few. Analyzing these companies financially, I concluded that most of them are heavily debt-laden and provide immense risk as far as the principal goes, while searching for that high yield. This is the risk that comes with investing in equities and instead of investing in each individual company, if I was looking for equity investment, I’d rather look for a broader ETF – YieldCo Index ETF (YLCO) is the only one I am aware of that specializes in this space giving exposure to the sector.

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2017 Top Investment Picks – Q2 Update

At the beginning of the year, I put together a list of top picks 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 Q2.

Note that you can track the progress anytime by going to the Stock Picks page.

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