RE:Curious about Due DiligenceNeil, that's a crazy question to ask on here, especially with a guy like me lurking around who likes to smoke some Jean Guy and get creative with his responses lol. I could write a book just on my own experiences of the "idea" of doing your Due Diligence. XD
This day in age things have changed a lot, you can do a lot with a pocket full of money and a phone with twitter and a few apps. For the short term investors, I bet biggest ROI have been made in the #potstocks just by following the trend/hype train. Have a few buddies that have made a killing placing "Bets" on the last 5 years of the markets.
Short answer is, if you've done all your DD and you aren't at the very least 90% sure that you want into the company you're looking at or have weeded out of the sector, then you haven't done your DD well enough. Everything from share structure, to understanding the CEO's future vision of the company, to how people view the company and in between is important. Get real good at going through SEDAR, and learning the lingo that lingers between sectors. The learning curve between potstocks and JR mining companies is not for the faint of heart. Just the financials alone in each sector needs to have a "how to read financials for stupid" book written for them.
My biggest item on the list for potstock was ultimately quality. I have some experience in the black market and know how fickle the Canadian consumer is and more important how spoiled we’ve been on the quality front. Oct 17
th 2018 I did my last bit of DD by buying every product I could from the companies I owned and testing them. Spent two week up in Muskoka blowing my brains out and taking notes on the level of quality each company was selling. Only one I hold now is Supreme.
OH, maybe the most important thing to start with is, invest in something you know, or get very well acquainted with the thing you want to invest into first, if you don’t know anything about it… Sorry if you were looking for something more specific, but like I said, if I were to get into specifics I’d get kicked of Stock house for overloading their bandwidth when I pressed post.
neilmakenomoney wrote: I am just wondering what people look for when they do their DD? Where do you start and what makes you say I want in. There are so many Pot stocks now I am just curious how investors are choosing their company to invest into.