May 28, 2024, 11:00 AM | 2 min read
27% gain every 20 days?
This is what Nick Shine does on average with his options buying. Instead of selling covered calls or spreads, he buys options. Most traders don’t even win 27% of their options buying. He wins 83%. This is how he does it.
A top-ranked member of Forbes’ rich list for nearly two decades, Bill Gates has used his vast wealth to amass an acclaimed collection of art and artifacts worth approximately $127 million, including Winslow Homer’s masterpiece, “Missing on the Grand Banks,” which he purchased for a staggering $36 million.
Not to forget, Gates owns Leonardo Da Vinci’s original diary, the Codex Leonardo, which was acquired for around $30 million and is also worth a fortune. Gates also boasts works by notable artists such as Childe Hassam, George Bellows and William Merritt Chase.
do not miss it:
- Billionaires Jeff Bezos and Oprah Winfrey have invested in this timeless, safe haven asset to protect their money. I hope you find a way to do that too.
Why an investor like Gates is putting $30 million into arts and crafts
Investing in arts and crafts is highly attractive to millionaires for several important reasons.
- Wealth Preservation: Arts and crafts by famous people like Pablo Picasso and Leonardo Da Vinci have lasting value and can be trusted to be preserved for generations.
- Portfolio Diversification: Unlike traditional financial assets, arts and crafts often move independently of the stock market. This characteristic gives them stability during market fluctuations and makes them a valuable addition to a diversified investment portfolio.
- privacy: These markets allow for confidential trading without the public disclosure requirements of securities exchanges. This confidentiality is attractive to investors who prioritize privacy in their financial activities.
The Art Market Continues to Deliver Impressive Returns to Investors
UBS’ 2023 Billionaires Report revealed that more than half of ultra-high net worth collectors surveyed plan to maintain last year’s levels of art purchases in the second half of 2023 and into 2024. Additionally, 77% of these collectors remain confident in the art market’s performance over the next six months, indicating a strong baseline of resilience for the sector. Citi also reports that diversifying just 5% into contemporary art can improve long-term performance by 98%. Despite these astonishing figures, most portfolios are still limited to stocks and bonds due to a lack of accessibility.
For most people, investing in art on this scale is financially out of reach. But art investment platforms like Masterworks are changing that. Masterworks streamlines the process of investing in multi-million dollar paintings by famous artists like Banksy and Picasso. The company has made 21 successful investments, with annual net returns of 14.6%, 17.8%, and 36.2%, respectively. For those looking to follow the path of a millionaire art investor, Masterworks could be your gateway into the art market.
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27% gain every 20 days?
This is what Nick Shine does on average with his options buying. Instead of selling covered calls or spreads, he buys options. Most traders don’t even win 27% of their options buying. He wins 83%. This is how he does it.
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