You may love weed, alcohol, and tobacco, but would you also like to invest in those things? AdvisorShares thinks you will. The actively managed exchange-traded funds company recently launched AdvisorShares VICE ETF, the only ETF solely concentrating on companies associated with alcohol, cannabis, and tobacco.
Dan Ahrens is a Managing Director and Portfolio Manager at AdvisorShares, and he joins Cheddar to explain why investing in the VICE ETF is a good idea. Ahrens explains that those three industries tend to be stable despite the general market volatility. Ahrens is also bullish on the future of cannabis. He believes the legalization and federal recognition of the substance will only expand.
As for alcohol, there has also been growth in that field. The alcohol industry had supplier revenue increase by 4.5% to $25.2 billion last year. Ahrens anticipates the field to continue improving.
Voyager Ventures founding partners Sarah Sclarsic and Sierra Peterson discuss how they choose products and companies to invest in, and why there’s such high demand for sustainable tech.
Karl Farmer, Vice President and Portfolio Managers at Rockland Trust Bank, breaks down why inflation and interest rates may stick at these levels, and why Bitcoin still carries some risks.
If you wince at the grocery store checkout, you’re not alone. Wall Street Journal reporter Jesse Newman breaks down why prices are so high – and not going down anytime soon.
