For investors that love fine art but can’t afford the lofty prices associated with buying and selling top pieces, Takung Art Co Ltd TKAT 3% could have the solution. Takung acquires Asian fine art, jewelry and precious gems, appraises the items based on current market value, divides the pieces into equal ownership units and then sells the units to investors via an app available for download from the company’s website.
The company generates revenue from the listing fees for its art, which range from 22.5 percent to 47 percent of the art’s offering price. In addition, the firm charges its customers trading commissions and management fees and also receives substantial fees from agents that are authorized to list products on Takung’s website.
The Hong Kong-based company retains no ownership in the pieces listed on its platform, and the market value of shares of its pieces is determined strictly by the prices investors are willing to pay for the units.
In November of 2015, Takung began trading…
Click here to continue reading
Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!