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Myth 3: December is Tax-Loss Selling Time in Canada –
if you cannot beat them then join them.
Let’s just look at the Canadian Marijuana Index from Jan. 1st until Nov. 24th.
The first article I ever wrote introduced the industry accepted “truth” that this industry is undergoing constant change and needs to be viewed as vibrant living ecosystem and in that same article I touched on how the successful Retail Investor needs to be adaptive.
To be adaptive means that regardless of your approach to investing (Fundamentals, Technicals, Top-Down, Bottom-Up, Buy and Hold, Trade, etc) you need to know when to switch it up. I know one such person who was a “buy and hold” but adapted and recently advised how $1,000 turned into $100,000. Now that is turning green into gold – the CannaInvestor Advantage! Look to nature itself for your analogies of success – chameleons and how species that fail to adapt to their changing environment quickly become endangered or worse. AND just like in nature, human’s intervention and influence can dramatically alter the environment and not always for the betterment of others.