Just last month, a rare Ferrari fetched a record-breaking sum for a car at auction.
So are classic and rare cars a good alternative investment for your cash?
Let's take a closer look at the top sellers and whether you should consider investing in classic cars…
The three top selling classic cars at auction
A 1962 Ferrari 250 GTO Berlinetta
In August, this car netted a huge $38.1 m... ››› more
Over the last couple of months, the price of Bitcoin has struggled somewhat.
Some analysts put this down to the number of people mining the digital currency and selling it on straight away.
Adding to this flood of Bitcoin to the market are merchants. Instead of holding onto Bitcoin, they're turning them into real cash.
These two factors are putting downward pressure on the price, but it ... ››› more
If you watch the price of Bitcoin, you'll have noticed that it's fallen 29% in just two months.
From the beginning of July, Bitcoin was trading on the CoinDesk Bitcoin Price Index at $647.34. By mid-August it had dropped to $460.67.
Today, it's trading at around $488.66.
So why has the price of Bitcoin fallen? Is this digital currency falling out of favour?
Let's take a closer look…... ››› more
In January, the US saw its first state legalise the recreational use of marijuana. Washington quickly followed suit.
With this legalisation of the use of marijuana comes stocks that specialise in the drug.
And it looks like there's big profits to make from the cream of the marijuana stocks.
Let's take a closer look at what's going on…
The marijuana industry is showing rapid growth... ››› more
If someone mentions diamonds to you, chances are you'll think about diamonds that come from the mining process.
Specialist companies can manufacture diamonds too. Generally these types of diamonds are for use in industrial sectors.
But in the early 2000s, a whole new type of diamond manufacturing came about…
Having a keepsake of a loved one
If a loved one dies, it’s natural to w... ››› more
Before you can even think about buying Bitcoins, you need to have somewhere to store them. For this you need a Bitcoin wallet.
There are four different types of Bitcoin wallet available. So what are the differences? And how safe are each of them?
Let's take a closer look…
Bitcoin wallet #1: Desktop wallets
Desktop wallets don’t depend on a third party service, so that can be adv... ››› more
There are a lot of similarities between Bitcoin and the discovery of gold.
The gold rushes that ensued discoveries of the yellow metal led to furious mining. Those that got in early made a lot more money than those who were slower to get in on the action.
You can say the same for those who got into Bitcoin mining in its early days.
So what can you learn from the parallels between gold mi... ››› more
As a digital currency, Bitcoin is growing in popularity. But Bitcoin has had its fair share of controversy. This includes the theft of Bitcoin.
So if you're seriously considering getting into Bitcoin, how can you ensure that your Bitcoins are safe?
Read on to find out what you need to do…
Buying into Bitcoin
Just last month, South African payment processor PayFast announced that i... ››› more
Using digital currencies as a means of paying for things may have you terrified. But the good news is, you don't have to be.
Using digital currencies like Bitcoin is actually not as difficult as you might believe. And it's also a lot safer to use than you might think.
So if you're desperate to start using Bitcoin, how do you start?
Read on to find out…
The ins and outs of getting ... ››› more
The interest in Bitcoin is rapidly growing. In the US this year alone, six new Bitcoin hedge funds have appeared.
So what does this tell us about Bitcoin? Does it indicate that the future is looking good for the digital currency?
Let's take a closer look…
Big investors are ploughing money into Bitcoin funds
The launch of so many Bitcoin hedge funds this year is a very strong indic... ››› more
The use of Bitcoin is still in its infancy. But the use of the digital currency is gaining momentum.
If Bitcoin continues to grow in popularity, it could wipe out many businesses in the financial services industry.
Read on to uncover why the use of Bitcoin could change the financial sector forever…
Financial services companies that ignore Bitcoin look set to suffer the consequences
Som... ››› more
Since the beginning of the year, there has been an investment ‘haze' drifting over the US….
In January, Colorado kicked off as the first state to legalise medical marijuana. Now this has rolled out to 22 states, with others sure to follow.
And Colorado and Washington weren't just content with medical marijuana. These states have now legalised recreational use.
The catch? Hefty taxes ... ››› more
Yesterday, South African online payment provider PayFast announced that it's now accepting Bitcoin as a form of payment.
Buyers using PayFast can now select Bitcoin as a form of payment. The company's move demonstrates the growing popularity of using the digital currency as means of payment.
Let's take a closer look…
PayFast and BitX bring Bitcoin to SA
PayFast has enabled “Bitcoin a... ››› more
Since its inception, Bitcoin has scaled the dizzy heights of over $1,100 to come flying back down to only a few hundred dollars. Over the last couple of months, the Bitcoin price has consolidated somewhat. And it looks like this is the start of Bitcoin's move upwards. Let's take a closer look at where the price of Bitcoin looks likely to go…
Bitcoin is similar to the Internet back in the earl... ››› more
Bitcoin has had its fair share of controversy since its conception. But Bitcoin is a revolutionary new technology. This means Bitcoin is probably set to follow the path of other revolutionary technologies. And if it follows the paths of these other revolutionary technologies, it's preparing for take-off. Let's take a closer look at the evidence…
Bitcoin is preparing for rapid growth
Have a l... ››› more
Disclaimer Note that FSP Invest, a division of Fleet Street Publications (Pty) Ltd, is a research house and not a registered broker, financial advisor or financial service provider. Our editors and customer services teams also do not give personal investment advice. The advice in this website is general advice only and may not be appropriate to your particular investment objectives, financial situation or particular needs, so before investing or if in any doubt about your personal situation, you should seek professional advice from a stockbroker or independent financial adviser authorised by the Financial Services Board.
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