An Aggressive ETF Portfolio For 2023: An Update
The munKNEE "Multi-bagger" Portfolio and "Rags-to Riches" Portfolio consists of 26 stocks that were down drastically (-73%, on average) in 2022 but it is hoped that many of them will bounce back with major returns in 2023. Taking advantage of such an opportunity, however, would necessitate making 26 separate purchases as neither of the aforementioned Portfolios are tradable. To overcome that situation, however, there are several ETFs with holdings consistent with the constituents in the Portfolios and other downtrodden categories (cryptocurrencies and junior gold and silver miners) and they are identified below with how well (poorly) they are doing year-to-date (March 17th, 2023).
This new basket of ETFs is named "An Aggressive ETF Portfolio for 2023" and a description of each ETF, and its YTD performance, is outlined below in descending order:
- The ProShares Bitcoin Strategy ETF (BITO)
- consists of 1 constituent,
- was DOWN 65.1% in 2022, but
- is UP 59.6% YTD
- Related Article: An Easy Way To Invest In Bitcoin
- The Sprott Junior Gold Miners ETF (SGDJ)
- consists of 45 constituents,
- was DOWN 29.3% in 2022, but
- is UP 5.4% YTD
- Related Article: 8 Gold Forecasts
- The iShares MSCI Global Silver ETF (SLVP)
- consists of 43 constituents,
- was DOWN 15.8% in 2022, and
- is UP 1.8% YTD
- Related Article: 8 Silver Forecasts
- The AdvisorShares Psychedelics ETF (PSIL):
- consists of 23 constituents,
- was DOWN 68.2% in 2022, but
- is DOWN 3.8% YTD
- Related Article: Major Psychedelic Compound-Based Stocks UP 13% YTD
- The AdvisorShares Pure U.S. Cannabis ETF (MSOS):
- consists exclusively of 47 American multi-state operators (MSOs),
- was DOWN 72.1% in 2022, and
- is DOWN 10.0% YTD
- Related Article: 9 Of The 12 Largest American Cannabis MSOs Have A +50% Likelihood Of Going Bust
- The Global X Cannabis ETF (POTX):
- consists of 19 constituents of which 57% are Canadian licensed producers (LPs),
- was DOWN 69.0% in 2022, and
- is DOWN 16.9% YTD
- Related Article: 4 Of 5 Largest Canadian Cannabis LPs Have More Than A 50% Likelihood Of Going Bust
In total, the above 6 ETFs:
- hold 178 stocks,
- were DOWN 53.6%, on average, in 2022, but
- are UP 7.6%, on average, YTD.
In comparison, the S&P 500 is only UP 2.0% YTD.
If you are bullish on any of the cannabis (both LPs and MSOs), psychedelic (all clinical-stage), cryptocurrency (specifically Bitcoin), and gold and silver junior miner categories going forward then you might want to buy one or more of the above ETFs. if you are not prepared to do so then keep abreast of future updates of munKNEE's An Aggressive ETF Portfolio for 2023 to see if you missed out (or not).
More By This Author:
Largest American Cannabis MSO Performances: An Update
Largest Canadian Cannabis LP Performances: An Update
Cannabis Category Performance Comparisons: An Update
Disclosure: None
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