Greg Beckett’s stock picks for the Richmond Club Index have averaged 20.4% per year since inception, 14 years ago
In a matter of three years, Canadian tech company, VOTI Detection Inc. went from deploying 150 next-generation x-ray scanners for a handful of customers to more than 2,000 machines across 50 countries worldwide.
In Canada, Indiva will produce and distribute Ruby Cannabis Sugar, Sapphire Salt, Ruby Gems, as well as award winning Bhang Chocolate and other derivative products through license agreements and joint-ventures respectively.
FLÏ™ is Nutritional High’s flagship cannabis-infused product line. Utilizing innovative cannabis science and cold ethanol extraction processes to produce edibles, vape cartridges, syringes and extracts.
Next Green Wave has acquired 15 acres of land zoned for cannabis production and manufacturing in Coalinga, California. The company’s first state-of-the-art facility on the property is now fully operational.
Richmond Club Investing Strategy
Since small-cap companies are volatile, Greg Beckett CIM, FCSI recommends the following:
- Buy a portfolio of 5-20 Richmond Club companies. To reduce risk and portfolio volatility, these stocks should be from three or more different sectors such as: healthcare, mining, oil & gas, software, technology, manufacturing, etc.
- Hold them for 1-5 years,
- Equally weight each stock in your portfolio by investing the same amount in each company,
- Rebalance your portfolio every 6-12 months. Rebalancing to maintain an equal weighting of each stock is a non-emotional discipline which forces you to “sell high and buy low”
- Consult your Investment Advisor before buying any stock.
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