No inherent value
Still not convinced? Have you ever tried to pawn or sell a diamond ring? Retailers buy diamonds from wholesalers on commission and pay for them after they are sold. So, retailers mark up diamonds by 100% to 300% their original price. Once you buy a diamond, it depreciates by as much as 60%. Most retailers don’t want to buy back diamonds because it ruins the illusion that they are valuable. You can buy a diamond ring for $1,300. If you try to pawn or resell it, you might get a starting offer of $65. Diamonds cut for wedding rings are mass produced. The only actually valuable diamonds are giant, one-of-kind diamonds that you hear about on the news or displayed in museums.
Small-cap winners galoreThe big stock market winners share one common attribute: Near the beginning of the ascent of their shares, the companies offer revolutionary products or services, are market leaders in their respective industries, or both. Some big stock market winners that possessed the attributes outlined above are Netflix (NFLX), which we recommended to investors in October 2002; Intuitive Surgical (ISRG), which we bought and recommended in July 2004; Baidu.com (BIDU), which we bought and recommended in August 2006; and MercadoLibre (MELI), which we recommended to investors in October 2010. Get up-to-date small-cap stock picks from David Frazier, editor of Small-Cap Profit Confidential.
Smarter cryptocurrency investmentsThe stock market crash of 2008 was the catalyst for his journey into alternatives. And interestingly, it was the impetus behind the creation of Bitcoin and the blockchain technology behind it. Keene Little wasn’t ready to risk his money yet but he was very curious, so he began charting Bitcoin’s technical patterns. What finally convinced him to dip a toe into digital currencies was seeing that they followed familiar price patterns that could be analyzed and successfully acted on. Now he shares those insights with subscribers to the Crypto Wealth Protocol.