abenjami Posted May 13, 2017 Report Share Posted May 13, 2017 I have this old IRA account with about $3,000 in it. All cash. I want to have some fun with this. What high-risk/high-reward investment should I make? No indexes, funds, diversification, etc. This needs to be some kind of stock play, a balsy short, or something similar. Link to post Share on other sites More sharing options...
MamlngEnvy Posted May 13, 2017 Report Share Posted May 13, 2017 Shower buddies? Link to post Share on other sites More sharing options...
heyitsmeallen Posted May 13, 2017 Report Share Posted May 13, 2017 (edited) I think you should go with something in the cannabis industry if you want to get into something early that will pay off big. I suggest something like Cara Therapeutics. Quote Cara Therapeutics Inc. (NASDAQ: CARA) Cara Therapeutics, Inc. is a clinical-stage biopharmaceutical company, focusing on developing and commercializing chemical entities designed to alleviate pain and pruritus by selectively targeting kappa opioid receptors in the United States. Cara is developing lead molecules that selectively modulate peripheral CB receptors without targeting CNS cannabinoid receptors. Peripheral CB receptor modulators will be initially developed as a novel therapeutic approach for neuropathic and inflammatory pain, a condition currently without consistently effective therapies. Cara’s most advanced CB compound, CR701, is currently in preclinical development. The company is also developing cannabis-based product candidates that target the body’s peripheral nervous system. Its lead product candidate includes I.V. CR845, which is in Phase III clinical trials for the treatment of acute postoperative pain in adult patients, as well as completed Phase II clinical trials for the treatment of uremic pruritus disease, an intractable systemic itching condition which occurs among people with Chronic Kidney Disease. The company is also developing Oral CR845, which is in Phase IIa clinical trials for the treatment of moderate-to-severe acute and chronic pain. It has licensing agreements with Chong Kun Dang Pharmaceutical Corporation to develop, manufacture, and commercialize products containing CR845 in South Korea; and Maruishi Pharmaceutical Co., Ltd to develop, manufacture, and commercialize drug products containing CR845 for acute pain and uremic pruritus in Japan. Edited May 13, 2017 by heyitsmeallen Titansgoodluckcharm, and MamlngEnvy 2 Link to post Share on other sites More sharing options...
Starkiller Posted May 13, 2017 Report Share Posted May 13, 2017 It's technically an index, but you could in set in the VIX. Could be volatility ahead. Link to post Share on other sites More sharing options...
OILERMAN Posted May 13, 2017 Report Share Posted May 13, 2017 A leveraged ETF, IPO or venture capitol Link to post Share on other sites More sharing options...
Popular Post pat Posted May 13, 2017 Popular Post Report Share Posted May 13, 2017 is this what's left of the liquidated portfolio? abenjami, heyitsmeallen, OILERMAN, and 4 others 7 Link to post Share on other sites More sharing options...
wiscotitansfan Posted May 13, 2017 Report Share Posted May 13, 2017 Valeant Pharmaceuticals..... I kid, I kid Link to post Share on other sites More sharing options...
abenjami Posted May 13, 2017 Author Report Share Posted May 13, 2017 I'm looking for specifics. For example which stock, IPO, etc. Link to post Share on other sites More sharing options...
Dmeade- Posted May 13, 2017 Report Share Posted May 13, 2017 11 hours ago, heyitsmeallen said: I think you should go with something in the cannabis industry if you want to get into something early that will pay off big. I suggest something like Cara Therapeutics. I made some money off this stock after the election. heyitsmeallen 1 Link to post Share on other sites More sharing options...
abenjami Posted May 13, 2017 Author Report Share Posted May 13, 2017 I already have a medical marijuana stock. It's actually the only stock I didn't liquidate and I only kept it because it's worthless. Denali, and OILERMAN 2 Link to post Share on other sites More sharing options...
pat Posted May 13, 2017 Report Share Posted May 13, 2017 I park money in Vanguard STAR Link to post Share on other sites More sharing options...
OILERMAN Posted May 14, 2017 Report Share Posted May 14, 2017 2 hours ago, patsplat said: I park money in Vanguard STAR Is this in an IRA or 401k? Link to post Share on other sites More sharing options...
OILERMAN Posted May 14, 2017 Report Share Posted May 14, 2017 6 hours ago, abenjami said: I'm looking for specifics. For example which stock, IPO, etc. Damn you want us to do all the work! Justafan, and abenjami 2 Link to post Share on other sites More sharing options...
abenjami Posted May 14, 2017 Author Report Share Posted May 14, 2017 12 minutes ago, OILERMAN said: Damn you want us to do all the work! It's not much work. Pick one position and say why. Lets either turn this into $10k in 12 months or lose it. Link to post Share on other sites More sharing options...
heyitsmeallen Posted May 14, 2017 Report Share Posted May 14, 2017 24 minutes ago, abenjami said: It's not much work. Pick one position and say why. Lets either turn this into $10k in 12 months or lose it. so what's the finders fee if we find the goose that lays the golden egg? 10% sounds fair. Link to post Share on other sites More sharing options...
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