Think Bernie Sanders Will Be the Next U.S. President? Buy Marijuana Stocks Right Now
Investing in certain stocks based on the belief that a specific candidate will become president of the U.S. isn't a new idea. For example, when Ronald Reagan was a presidential candidate in 1980, his promise to rebuild the military made defense stocks seem like a good bet for those who thought that he would win. Barack Obama campaigned in 2008 on making healthcare more widely available. For anyone who thought the then-senator from Illinois would be victorious, it would have made sense to buy hospital stocks.
Another uniquely charismatic candidate is running for U.S. president in 2020 -- the independent senator from Vermont, Bernie Sanders. If you think that Sen. Sanders will be sworn in as the next U.S. president come January 2021, don't invest in defense or hospitals. Instead, buy marijuana stocks.
Image source: Bernie Sanders Senate website.
Source Fool.com
