There are already almost 100 stocks with values of over $300 million that more than doubled in 2021. And while it might be a challenge for most to hold on to those gains, let’s take a look at some stocks that could be just getting started. In fact, these three stocks could soon double yet again in 2021.

1. Upstart

Loaning money to people with below average credit scores has normally been a disaster, but it’s also a market that Upstart is overturning by using AI to make better bets in this lending niche. The company saw its revenue increase by 42% last year, and it’s about to get even better.

Its managers are calling for revenue to increase 115% this year. Their purchase of Prodigy Software should be finalized in June and the company will expand its reach into the auto loan market, which is ready for an AI-fueled competitor. More data means the tech company will get even smarter.

The stock is not cheap after almost tripling recently. Analysts doubled their predictions after March’s report, but we still believe Upstart will trade for over 200x this year’s predicted earnings. These multiples are not normal in the financial markets. But with the stock already 30% below its March top, it’s a good opportunity to buy a company that is about to slam on the accelerator.

2. Funko

Your collection of Funko bobbleheads and vinyl figures is not a passing fad. Shares of the stock have doubled this year on its surprising financial turnaround and its choice to capitalize on a hot craze.

Funko was producing double-digit annual revenue growth for four years before covid shrank the demand for its licensed collectibles. Revenue lowered by 18% for all of 2020, but analysts were not expecting sales growth to be positive during the holidays. The $226.5 million it reported in addition to the fourth quarter was only a 6% y/y increase, but Wall Street pros were awaiting a 8% decline. Weak international sales were accompanied by a whopping 18% increase in the U.S. market. Funko’s quarterly profit of $0.24 per share also went past the $0.14 that analysts were predicting.

Funko then announced a deal to buy a controlling stake in TokenHead, a leading platform for showing and tracking non-fungible tokens. Their TokenWave app has over 100,000 daily customers stopping by to see their list of 10 million blockchain-backed tokens. For all these reasons, the company is now in a perfect spot to be a major player in digital collectibles.

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3. AMC Entertainment

AMC is a company most investors connect with a fading industry. Even before covid, folks were staying away from movie theaters. AMC revenue was stagnant in 2019, and that was as the company gained market share as domestic sales declined 5% that year.

The pandemic has hit AMC hard, and the long-term outlook is dodgy. Consumers and studios have embraced digital content, and neither group has the patience for traditional releases where content is only shown on the big screen for a couple of months before leaving.

However, we have seen theater crowds spike in foreign markets. With 99% of AMC theaters now open, studios are ready to release hot movies that they have postponed until now. With events already eliminating the competition, AMC will have a big summer this year as people start to rediscover social settings.

AMC, Upstart and Funko have more than doubled in 2021. But the data and trends are there for this to possibly happen again before 2022 hits.

However, some people are anxious that this trend cannot go on much longer and that we are over due for a correction. While it is impossible to predict what is next, it is safe to say prices will eventually fall sooner or later.

When the market gets hit with a downturn, it is vital to be ready. Although nothing is completely safe, there is one investment better than any other at withstanding crashes.

Market crash preparation

Stock crashes are unavoidable, so your investments will eventually take a huge hit at some point. Also, timing your investment in an attempt to avoid downturns is very risky, and it is a strategy that’s almost impossible to get right.

Since no one can escape a crash, the best thing to do is find investments that can recover from downturns.

This can be hard, and requires research to find out if a company’s numbers will withstand market turbulence.

The perfect investment (if there were one)

One investment that reigns supreme when it comes to surviving market crashes, is the S&P 500 index fund. The S&P 500 is a market index that is linked to the entire market. Although it’s not totally unaffected by downturns, it has an amazing record of surviving every crash it has ever seen.

In the past 20 years alone, the S&P 500 has experienced the dot-com bubble, 9-11, the Great Recession, and now a global pandemic. But it has continued earning returns over the years.

By putting your money into S&P 500 index funds, it is extremely likely you will earn good returns over years — even if we have a crash in the short term.

S&P 500 index funds are among the safest investments possible. You might see your investments go down during times of volatility, but there is a great chance they will recuperate their value over time.

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The numbers

Although these funds are not 100% safe, you can make great money if you are patient. You need time to see larger returns, but this is well worth the wait.

The S&P 500 has gained 10% yearly, on average, since its start. So, if you are investing $300 a month in a S&P 500 index fund, and you are making a 10% return, here’s around how much you would have over time:

Years — Total Investment

5 — $22,000

10 — $57,000

20 — $206,000

30 — $592,000

40 — $1,593,000

Given time, it is possible to earn millions just by using S&P 500 index funds wisely. The trick is to save a lot and start early.

Where to go?

The following S&P 500 index funds are all great choices for starting index investing:

• SPDR S&P 500 ETF Trust (NYSEMKT:SPY)
• iShares Core S&P 500 ETF (NYSEMKT:IVV)
• Vanguard S&P 500 ETF (NYSEMKT:VOO)

All of these follow the S&P 500, and they all have low fees too. Making them a great investment. Market crashes are unavoidable, so be prepared. Use S&P 500 index funds and sleep easier knowing your money is safer.

Author: Steven Sinclaire

Bitcoin investors (BTC) have been given some explosive gains recently and if you are among them, be careful: Your tax status could cause you to have to pay a lot in taxes on your profits. But for some people, there is a way to drastically lower taxes.

Here’s how you can determine if you qualify for a 0% tax bracket and the ability to claim up to $80,800 in Bitcoin earnings tax-free.

What you should know about Bitcoin and taxes

Bitcoin is viewed as property for tax purposes. That means Bitcoin is levied with the capital gains rates.

Once you sell your Bitcoin for a greater sum than whatever you paid for it, you have to fork over capital gains taxes. Let’s say you buy some Bitcoin and you pay $10,000 and later get rid of it for $30,000, this gives you a taxable profit of $20,000.

But there are two types of capital gains: long and short term. If you keep your Bitcoin for under a year, you will pay short-term gains that is almost like normal income. For that, you might be forced to pay as much as 37%. But if you want to avoid as much tax liability as possible, it is best to keep your Bitcoin for more than a year.

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How to get tax-free profits

The IRS rewards those who keep their Bitcoin for more than a year with better rates. You could get long-term capital gains rates of 20%, 15% or even 0%, depending on your filing and income. This is how you can capitalize from your Bitcoin investment without paying any taxes.

If you are married and use a joint return with a total income of $60,000 and $20,000 in long-term Bitcoin gains. In that case, you would be able to pay ZERO taxes. For 2021, couples with taxable income up to $80,800 can get the 0% rates. Note: This example works because the $60,000 in wages and $20,000 from Bitcoin totals up to unver the $80,800 figure.

Author: Steven Sinclaire