And that's just one of the ways we'll help you make money in this week's newsletter.
$5.2 million. That's the amount someone just paid for a single baseball card. Whether its baseball cards, Beanie Babies, toys, or old card games like Pokémon, the market for collectibles has been soaring. (And you might just have some money hiding in a closet you've totally forgotten about.) In this week's edition of Millennial Money, we've got the lowdown on the collectible boom. Then don't miss our stock of the week at the bottom, it could be the best way to get your cut of the "gig economy" boom. In 2 minutes,
you'll discover- Market Mayhem Week 2: Why GameStop is sinking after last week's market euphoria
- Could you have a fortune sitting in your closet? Why collectibles like video games and baseball cards are exploding in value.
- Our stock of the week: Discover why the company fueling the rise of the "gig economy" has seen business explode across the past year.
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Markets | | NASDAQ | $13,774 | +1.23% | | S&P | $3,871 | +1.09% | | DOW | $31,055 | +1.08% | | Bitcoin | $37,769 | +2.63% | | Gamestop | $53.50 | -42.11% |
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The Main Event: The Empire Struck Back | | | What happenedLast week we profiled how Reddit forum 'Wall Street Bets' banded behind a number of meme stocks, sending their shares soaring and leaving a group of hedge funds on life support. It's a great story – Netflix has already signed on to make a film on it! – but this week Wall Street struck back. | | Stock | Mon | Tues | Wed | Thurs | | GameStop | (31%) | (60%) | 2.6% | (42.1%) | | Blackberry | 4% | (21%) | 3.9% | 1.25% | | AMC | 0% | (41%) | 14.7% | (21%) |
| Ouch. Despite the carnage, many are continuing holding these stocks. The Redditor credited with starting the GameStop rise, known as Roaring Kitty on YouTube, lost $13 million on Tuesday alone…and he continues to hold the stock! Bulls and bearsYou're witnessing a once-in-a-lifetime battle playing out right in front of your eyes. Wall Street funds view companies like GameStop and AMC as last-generation services and have declared them all but dead. Not one to overlook a sure thing, the "smart money" shorted shares to make sure they could profit from the fallout. That was before chatroom traders decided they were too cheap... GameStop rallied from as low as $4 per share to nearly $400 during a violent short squeeze. This week Wall Street took back the narrative and shares of GameStop are down 80% from their all-time highs last week. Other "meme stocks" have fared better, but all are significantly lower than they were last week. Still, the prices of these battleground stocks remain elevated from pre-squeeze lows pointing to a more volatile future as Wall Street and Wall Street Bets continue to battle. More on this story |
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Share Millennial MoneyFree: The Motley Fool's "10 Stocks for 2021"If you've liked this e-mail and have any friends or family asking "What is going on with GameStop" or on the hunt for new stock ideas, we'd love it if you could spread the word. As a thank you for sharing this e-mail with just two people, we'll send you the Motley Fool's recently released 32-page report "10 Stocks for 2021." This report has previously only been available to members of the Motley Fool's premium subscription services, but we'll deliver it to you absolutely free as our way of saying "thank you" for sharing Millennial Money's newsletter. Just click below to share and after two of your friends subscribe, receive your copy of "10 Stocks for 2021." Thank you for spreading the word! |
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The Hottest Asset of 2021 Could Be Hiding In Your Closet | | | Call your momRing…. Ring… Ring… That's the sound of thousands of 30-somethings who collected baseball cards as kids calling up their parents and asking if just maybe their collection is still in storage. You may have a fortune hidden awayCollectibles have been on fire during the past year. Baseball cards, which saw a massive boom and bust in the early 90s, are back in vogue. One Ken Griffey Jr. rookie card spiked from $700 to more than $1,400 in the first few months of the 2020. But that's just the start. Rally, a company that allows investors to buy equity shares of collectibles has recently seen: - An unopened copy of Goldeneye 007, a video game from 1996 funded at a value of $25,000
- A complete collection of 1st edition Pokémon cards was sold for $119,310 in March and is now valued at $750,000!
- And a pair of Michael Jordan game worn sneakers estimated at $150,000 sold at auction for $560,000!
The value of rare collectibles reaches even higher from there. A 1952 Topps Mickey Mantle card just sold for $5.2 million. It's estimated a flawless – or PSA 10 – version of this card could now sell for $20 million or more! Why you should careLook, I know no one reading today probably has a flawless Mickey Mantle card from the 1950s in storage. However, as you can see above, everyday items from your childhood like Pokémon cards or even collectible video games are becoming very valuable. If you have old valuables, some quick research (checking eBay for recent auctions, Googling around for value) could be worth your time. And if the idea of investing in collectibles just sounds fun, it's never been easier to get started. I mentioned a company named Rally earlier, they take collectibles and allow you to trade them just like a stock. I wouldn't recommend allocating more than a small percent of your portfolio to collecting… But let's face it, it's just plain fun. |
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| | Adios, Amazon.full read Amazon's amazing third quarter was overshadowed by the announcement Jeff Bezos was leaving as CEO. Investors shouldn't worry, he will remain as executive chairman and is being replaced by Andy Jassy, the genius behind the AWS profit machine. |
| | Moar stimmies, plz.full read The Biden Administration is rapidly closing on their first major legislative victory, telling GOP Senators they have the votes for the $1.9 trillion plan. Details are fluid, but the broad outline is for $1,400 stimulus checks for most Americans. |
| | Deep Bezos.full read If anybody deserves a double dose on our three reads, it's Amazon founder Jeff Bezos. Stratechery's Ben Thompson reviews the early decisions that set Bezos on course to become the richest man in the world. |
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779,000Jobless claims for the week ended Jan. 30, the lowest total since November. |
78%Approval percentage for new stimulus checks (hint: people love money). |
823%Year-to-date returns for Dogecoin, a cryptocurrency started as a joke in 2013. |
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Stock of the week: Fiverr (FVRR) | | | Share Price: $244
1-Year Return: 851.5%
Sales Growth: 87%
Recommended by Motley Fool: Yes. In Rule Breakers. Here's the deal. 2020 dramatically shifted the kinds of stocks delivering fortune-making returns. Zoom shot up more than 5X in a year, Peloton soared as gyms went empty, but you might be missing one of the biggest trends accelerating this past year. That's the growth of freelance work. Now more than ever, people can sit in their own homes and do jobs digitally. Fiverr has become a leading platform for this shift. Matching up freelancers to people who need tasks done like website design. How much has Fiverr seen growth accelerate during 2020. Well, in the four quarters before Covid changed the world it saw sales growth of 41%, 42%, 43%, and 44% (sense a pattern). But in the last two quarters Fiverr has seen sales growth accelerate to 82% and 88%. Not bad. Most importantly, while Covid may have accelerated Fiverr's growth, their runway appears to be a generational shift in the way we work. Want more details on Fiverr? I'd start here. |
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On the Move: Alphabet (GOOG, GOOGL) | The moveUp 12.5% this week. Year-to-date up 17.7%. The reasonThe California-based tech giant surprised Wall Street by reporting fourth-quarter revenue increased 24% over the prior year. Investors were further impressed by the 47% growth in Google Cloud sales, which has traditionally lagged Amazon's AWS and Microsoft's Azure cloud-based offerings. More importantly, Alphabet's earnings signify that companies are beginning to spend money on marketing in anticipation of the pandemic lockdowns ending. |
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In the News: Apple (AAPL) | The news"Siri, take me to the store." If CEO Tim Cook gets his way, you'll be uttering this phrase sooner rather than later. According to CNBC, Apple is finalizing a deal with Hyundai-Kia to manufacture its autonomous electric line of vehicles with a 2024 production date. The stock angleApple shares skyrocketed in the after-hours market upon the report, but risks abound in this sector. Unlike its smartphones, automobiles are notoriously low margin and require a lot of capital. Apple is notoriously secretive on new products, so the level of its investment exposure remains unknown. The playThe electric vehicle space is thermonuclear with investors willing to pay nosebleed valuations for companies with nominal prospects. Apple has the financial ability to quickly move in the space and could quickly challenge established makers like Tesla. |
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Congrats, you've reached the bottom. Last week we featured Magnite (MGNI) as our stock of the week, and today its up 20%. The reason? It's making a major acquisition to consolidate its lead in the connected TV space. Not every stock we feature will be major winners. But if you didn't read last week's Magnite write-up, it might be worth a peep 👀. |
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| | Make Money. Save It. Grow It.
Achieve Financial Freedom. |
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