CBOE now offers an exchange-traded fund (ETF) based on marijuana

Marijuana is now legal in Canada as it is in several American States. You can see my effort above.

The Chicago Board Options Exchange (CBOE), now offers several hundred Exchange-Traded Funds. One of the latest is a marijuana-focused ETF (Cambria Cannabis ETF, symbol TOKE) launched by Cambria Investments which has over a billion dollars of assets under management.

Companies selling marijuana-based products are at all-time highs. These could fit into our members’ “fun” portfolios and some have made money speculating in them.
The CBOE and Cambria Investments will make money on these, guaranteed. So will some investors, actually speculators, if they get out in time. Most will lose money, also guaranteed.

Regularly buying an ETF which parallels the S&P 500 which, in turn, parallels the American economy as a whole, is the foundational modus operandi of the Monday Morning Millionaire Program. Of the over 5,000 global ETF’s, only four meet the Monday Morning Millionaire Program criteria.

  1. SPDR S&P 500 ETF (Symbol SPY)
  2. iShares Core S&P 500 ETF (Symbol IVV) and
  3. Vanguard S&P 500 ETF (Symbol VOO)
  4. Invesco S&P 500® Equal Weight ETF (symbol RSP, not to be confused with Registered Savings Plan, a Canadian tax-advantaged savings program)

The first three are capitalization-weighted ETFs and the last one is equal-weighted.

Their similarities are much greater than their differences. The historical performance charts of the first three are identical. RSP has done slightly better over the last decade.

All are suitable for Monday Morning Millionaire Program members’ core portfolios.

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Dr. Milan Somborac

The Monday Morning Millionaire Program supports do-it-yourself (DIY) investors which I have been for over 50 years. About my team and me

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