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Home Dogecoin

Mark Cuban just tripled his stake in Dogecoin — but his bet on these 2 stocks is 667x larger

admin by admin
October 16, 2021
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Mark Cuban just tripled his stake in Dogecoin — but his bet on these 2 stocks is 667x larger
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Mark Cuban just tripled his stake in Dogecoin — but his bet on these 2 stocks is 667x larger

Mark Cuban simply tripled his stake in Dogecoin — however his wager on these 2 shares is 667x bigger

Mark Cuban simply tripled his stake in in style cryptocurrency Dogecoin — from $500 to $1,500.

After all, for a billionaire shark and proprietor of the Dallas Mavericks, that’s not precisely an enormous chunk of change.

Whereas Cuban has been extremely supportive of Dogecoin, calling it the “folks’s solution to pay” again in August, he not too long ago advised Fox Enterprise that he owns the token simply “for enjoyable.”

“I’ve by no means advised anyone it is an awesome funding,” Cuban added.

So what is an awesome funding within the eyes of Cuban?

Effectively, he’s been bullish on two particular shares for fairly a while now — Netflix and Amazon.

In April, he even wager $1 million that they’d beat the S&P 500 over the following 10 years.

Let’s take a fast take a look at the pair of tech gorillas. One (or each) may be price buying with your digital nickels and dimes.

Netflix (NFLX)

Table with popcorn bottle and Netflix logo on Apple Ipad mini and earphone. Netflix is a global provider of streaming movies and TV series.

Studio R3/Shutterstock

In an interview final yr, Cuban famous that he had owned Netflix because it was buying and selling at $50 per share.

With the inventory at present boasting a value 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 part of the final decade.

Naturally, that efficiency was properly enhanced by the pandemic-induced, stay-at-home surroundings we’ve been dwelling in over the previous two years.

In Q2 of 2021, Netflix added 1.5 million subscribers, bringing its complete paying membership base to over 209 million. That helped income develop 19% yr over yr 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 following decade received’t be fairly as epic for shareholders because the final one.

In case you’re on the fence about Netflix, some investing apps can provide you a free share of Apple or Disney only for signing up.

Amazon (AMZN)

Close up of Amazon logo and Smile symbol at one of their corporate offices.

Sundry Images/Shutterstock

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 slightly below $2,000.

At this time, 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 remains to be firing on all cylinders.

In Q2, gross sales totaled a whopping $113.1 billion, representing a 27% enhance yr over yr.

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 inclined to command excessive value tags.

However the excellent news? You may get a chunk of the corporate utilizing an app that permits you to buy fractions of shares with as a lot cash as you’re prepared to spend.

A finer various

Only a fast phrase of warning: Shares — even nice ones — don’t all the time go up.

In spite of everything, somebody was prepared to take the opposite facet of Cuban’s wager.

To earn life-changing funding returns, you don’t must restrict your self to the inventory market, or the crypto market, for that matter.

If you wish to spend money on one thing that has little or no correlation with the violent swings of the inventory market, you would possibly need to take into account an neglected asset — fine art.

Investing in high quality artwork by the likes of Banksy and Andy Warhol was an choice just for the ultra-rich like Cuban.

However with a new investing platform, you possibly can spend money on iconic artworks too, similar to Jeff Bezos and Peggy Guggenheim.

In keeping with the Citi International Artwork Market chart, up to date art work has provided a return of 14% per yr over the previous 25 years, simply topping the 9.5% annual return from the S&P 500.

This text offers info solely and shouldn’t be construed as recommendation. It’s offered with out guarantee of any sort.



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