He prefers to play the broad space rather than figure out who wins the race. He prefers the HMMJ-T ETF. We are close to a market high so he thinks the market risk is high. The next broader market correction will pull this one back. He would keep your powder dry. In a 10% allocation to speculation he would put 1% in Marijuana. Maybe 3 or 4 if you are really speculative. He would prefer speculating more in AI.

A double leverage natural gas ETF. He would not hold for the long term. Go for HNY-T as you lose 3-5% per month based on losses in the nature of the futures contracts in the leveraged ETF. He also likes the Junior Natural Gas ETF ZJN-T for longer term.

Preferreds and dividend payers. It is a great holding bu concentrated in the sector. It is at all time highs. He is reducing his exposure to the financial sector now. If it goes higher he would reduce more.

There is froth in the sector and he would wait for a 20% minimum pullback before nibbling at these companies. We should get a correction and you should buy the correction.

He likes it long term and would own more if it was cheaper. They are having to reinvest and it is hurting margins. He does not know short term and it is reasonably fully valued, but he likes the business long term. They are good at doing M&A and taking costs out. They are a royalty model so they care about growth in absolute units.

They have grown 50% a year. Last year they had an execution issue and dropped their guidance. He found they were growing too aggressively and it was irritating customers. People didn’t understand this was the problem. Over the last two quarters they have been beating expectations. They are at 20% free cash flow growth now. (Analysts’ target: $165.00).

It is all online. He likes it because it has a terrific brand but de-rated significantly due to BREXIT, consumer confidence and residual values of cars in the UK. You can buy it at a price where it makes sense. (Analysts’ target: 430 pounds).