Mark Cuban simply tripled his stake in standard cryptocurrency Dogecoin — from $500 to $1,500.
After all, for a billionaire shark and proprietor of the Dallas Mavericks, that’s not precisely a giant chunk of change.
Whereas Cuban has been extremely supportive of Dogecoin, calling it the “individuals’s technique to pay” again in August, he just lately informed Fox Enterprise that he owns the token simply “for enjoyable.”
“I’ve by no means informed anyone it is a fantastic funding,” Cuban added.
So what is a fantastic funding within the eyes of Cuban?
Properly, he’s been bullish on two particular shares for fairly a while now — Netflix and Amazon.
In April, he even guess $1 million that they’d beat the S&P 500 over the subsequent 10 years.
Let’s take a fast have a look at the pair of tech gorillas. One (or each) may be price buying with your digital nickels and dimes.
In an interview final 12 months, Cuban famous that he had owned Netflix because it was buying and selling at $50 per share.
With the inventory at the moment boasting a worth of $633, Cuban’s return on Netflix sits at about 1,100% — assuming he nonetheless holds these shares.
Netflix was the perfect performing S&P 500 element of the final decade.
Naturally, that efficiency was properly enhanced by the pandemic-induced, stay-at-home surroundings we’ve been residing in over the previous two years.
In Q2 of 2021, Netflix added 1.5 million subscribers, bringing its whole paying membership base to over 209 million. That helped income develop 19% 12 months over 12 months to $7.3 billion.
However Netflix isn’t with out competitors.
Its success has impressed giants like Disney and Apple to launch their very own subscription-based streaming platforms, suggesting that the subsequent decade received’t be fairly as epic for shareholders because the final one.
For those who’re on the fence about Netflix, some investing apps can provide you a free share of Apple or Disney only for signing up.
Amazon is one other massive winner for Cuban. He loaded up on shares of the e-commerce large after they have been buying and selling at $500 to $700 apiece and added extra at just below $2,000.
In the present day, the inventory is at over $3,200.
Whereas Amazon’s most up-to-date quarterly outcomes didn’t blow out expectations — the inventory is definitely down 5% over the previous month — enterprise continues to be firing on all cylinders.
In Q2, gross sales totaled a whopping $113.1 billion, representing a 27% improve 12 months over 12 months.
The underside line turned out to be much more spectacular: Amazon earned a revenue of $7.8 billion for the quarter in comparison with $5.2 billion within the year-ago interval.
Mega-cap tech shares like Amazon are likely to command excessive worth tags.
However the excellent news? You will get a bit of the corporate utilizing an app that permits you to buy fractions of shares with as a lot cash as you might be prepared to spend.
A finer different
Only a fast phrase of warning: Shares — even nice ones — don’t at all times go up.
In spite of everything, somebody was prepared to take the opposite aspect of Cuban’s guess.
To earn life-changing funding returns, you don’t have to restrict your self to the inventory market, or the crypto market, for that matter.
If you wish to put money into one thing that has little or no correlation with the violent swings of the inventory market, you may need to think about an neglected asset — fine art.
Investing in high quality artwork by the likes of Banksy and Andy Warhol was once an choice just for the ultra-rich like Cuban.
However with a new investing platform, you possibly can put money into iconic artworks too, similar to Jeff Bezos and Peggy Guggenheim.
In response to the Citi International Artwork Market chart, modern art work has supplied a return of 14% per 12 months over the previous 25 years, simply topping the 9.5% annual return from the S&P 500.
This text offers data solely and shouldn’t be construed as recommendation. It’s offered with out guarantee of any sort.