I would like to start this article by saying that I am not a financial professional and that you must do your own due dilligence before buying or selling financial instruments.
MJ- ETFMG Alternative Harvest ETF is a great choice for exposure to major Cannabis companies including Tilray, Canopy Growth, Cronos and Aurora Cannabis. Investors in cannabis stocks will immediately recognize these "blue chip" names.
50% of the ETF's portfolio is Canadian stocks. The TSE is famous for listing a large number of cannabis companies. There is exposure to other countries as well.
Investors can expose themselves to a market sector using an ETF and lower their risk to individual stock performance. This ETF is down 17% this year after a great performance in 2018. Now may be a great time to pick it up cheap. The fund sports a 1.78% dividend, which is higher than SPY's, so you can get paid to wait. It has a rather high expense ratio of 0.75%, which is accetable given the potential upside for the sector.
At $33, it is a deal. This is the first and best marijuana ETF. Consider adding it to a balanced portfolio including SPY and TLT for diversity.
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