Fintech – New Alts From Public

Thrifty – “using money and other resources carefully and not wastefully.”

Being thrifty is a necessity, unless you were born into money. If you were, I’m guessing you aren’t reading these posts from Thrifty Investing. Alas, the rest of us, we need to spot a good deal, understand money, and learn finances, if we want to retire with some semblance of freedom.

The revolution of Fintech these past few years have given life to a whole new world of thrifty. You can download an app, open up an account, and within minutes, you are trading on the stock market! These are opportunities we can’t ignore. Putting that power quite literally in the palm of our hands.

It doesn’t have to be stocks, it can be ETFs, it can be bonds, bond funds, crypto, or currency. Within those are other derivatives, like options, fractional shares, and something new I stumbled across on the app, Public.

If you scroll all the way down on your Public main page, you will see a section for “Alts”. “Diversify with fine art, luxury goods, and more.” If you haven’t clicked on this section yet, do it! There is a really good link from Public that details more of the specifics, but if you want to get into something more than just stocks and bonds, you can always look to Alts.

Within the Alts, you can find items like, Pokémon or other Trading Card Game cards (TCG), Sports Trading Cards, like Lebron James or Stephan Curry, or even a Birkin handbag from Hermes. Also, you can find digital items, such as NFT’s, art, and much more.

How it works? Well, Public finds items from collectors and sellers, purchases these items, stores them safely, and then finds a price for them. Once that is established, they sell fractional shares of ownership of these items. They also open it up to a second round of fractional shares, where Public members can buy and sell amongst each other. https://public.com/invest/alts

There are two ways of making or losing money on these Alts. If you purchase fractional shares, you can sell when you like, or if the price hits a certain number, Public sells the item and you get a distribution worth your fractional shares. Remember, it’s similar to stocks where you should buy and hold, as most things that are collectible, they fluctuate in price, but usually gain more value as time goes on.

I know what you are thinking, what an incredibly strange offer! I thought so myself, until I realized that Art very rarely loses value, and getting your hands on certain collectables is hard just to find where they are. This opportunity from Public allows us to invest in the items that interest us, that we know will have a good value as time goes on, and we get a piece of the pie.

Thank you Public for thinking of us Retail Investors, allowing us to dig into something other than the traditional Stocks and Bonds. The offers that come from Public are just amazing and shouldn’t be passed up!

Tell us what your thoughts are on these Alts from Public!