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 in style cryptocurrency Dogecoin — from $500 to $1,500.

In fact, 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 approach to pay” again in August, he just lately instructed Fox Enterprise that he owns the token simply “for enjoyable.”

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

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

Nicely, 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) is perhaps price buying with your digital nickels and dimes.

Netflix (NFLX)

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 worth of $633, Cuban’s return on Netflix sits at about 1,100% — assuming he nonetheless holds these shares.

Netflix was one of the best performing S&P 500 part of the final decade.

Naturally, that efficiency was properly enhanced by the pandemic-induced, stay-at-home setting we’ve been residing 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 the event you’re on the fence about Netflix, some investing apps may give you a free share of Apple or Disney only for signing up.

Amazon (AMZN)

Amazon is one other huge winner for Cuban. He loaded up on shares of the e-commerce big after they have been buying and selling at $500 to $700 apiece and added extra at slightly below $2,000.

Story continues

Right now, 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% 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 worth tags.

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

A finer different

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

In any case, somebody was keen to take the opposite aspect 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 wish to take into account 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 may spend money on iconic artworks too, identical to Jeff Bezos and Peggy Guggenheim.

In line with the Citi World Artwork Market chart, up to date paintings has supplied 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 supplies data solely and shouldn’t be construed as recommendation. It’s offered with out guarantee of any sort.