My darling, adorable little boy has suddenly turned into a man. Granted, he’s still in 5th grade and is only 11 years old but this kid is already outsmarting me on so many levels. He’s constantly saying, “I can’t wait to start my life!” He’s so inspired and motivated to launch his career where his goal is… to make money. Not just a little money but a lot of money.
Now, don’t get me wrong. I’m not discouraging this by any means. In fact, he’s already offered to buy me a $10 million house one day (I’m not sure where my husband’s gonna live though). I tried to talk some sense into him.
“Evan, you don’t have to buy me a ten million dollar house. Maybe make it a ONE million dollar house, buy me a cool car, and send me on a few exotic trips.” And we agreed to this.
When I was a kid, I dreamed of being exceedingly wealthy but all I could think about was how I’d spend it. This kid is serious. As in, he’s started reading a lot of articles on Warren Buffett. As in, he wanted me to buy him the book Secrets of Wealthy People by David Stevenson. So I did. My retirement is at stake here after all!
He’s also started showing interest in the stock market. He’s been diligently tracking Amazon stock and telling me each day how much the price has gone up. And he practically begged me to buy some shares.
If you don’t regularly follow the stock market, like me, he’s absolutely right. Amazon stock is hot. But it’s also running around $1500 per share. At that price, I asked him why exactly he thought it would be a good idea to buy. What makes him so sure that the price would continue to rise? Who were the analysts saying it was a good buy?
At this point, he looked dumbfounded because he didn’t know any of that and because he was probably surprised that I still know a little more than he does.
We sat down at the computer and I explained a few things that I didn’t even realize I knew. I talked about highs and lows, amount of risk, economic conditions, a bull/bear market, how to look at analyst predictions, understanding cultural trends, etc. And we did a little research on stocks that might be closer to our price range.
I found an article called 10 Risky (But Rewarding) Small-Cap Stocks to Buy Now and we started sifting through the typical list of up and coming high tech and pharmaceutical offerings. And then I saw a recommendation for a shoe company called Crocs, Inc. Yes, THAT Crocs.
That couldn’t possibly be right, could it? So I read a little further about why this much-loved, much-maligned shoe might be back in the spotlight:
Crocs, Inc. (NASDAQ:CROX). If the name rings a bell, there’s a reason — this company was all the rage a decade ago when its hyper-comfortable shoes were discovered by consumers in search of foot-based bliss. The euphoria eventually died down, and Crocs has almost fallen off investors’ — as well as consumers’ — radars.
Like many other fashion trends though, the goofy-looking foam shoes never died; they just went away for a while. Now they’re back with a vengeance. The shoes recently showed up on fashion show runways flaunting designs from Christopher Kane and Balenciaga.
I’m no fashionista but I couldn’t imagine seeing designer Crocs on a fashion show runway. A high end one, at that.
Christopher Kane is a Scottish fashion designer based in London whose “edgy direction leans toward designs that pop.” Although his original claim to fame was the rise of neon bandage dress, he now gravitates toward other fashion statements. Namely, Crocs. In 2016, he debuted them as part of the look featured on his collection on the runway. This renewed interest lead to a collaboration in 2017 with the Christopher Kane x Crocs line in limited quantities. You can find varying designer Crocs on the internet ranging from $60 to well over $300.
But $300 is nothing compared to the $850 Balenciaga designer Crocs.
For those not in the know, Balenciaga is a Spanish fashion house named for its founder, Cristóbal Balenciaga, who first opened his boutiques in 1919. Today, the name is mostly known for its handbags and shoes carried in stores like Nordstrom and Barneys. Last fall, Balenciaga designer Demna Gavasalia paired his line with platform Crocs and I can only imagine the collective gasp in the room as they appeared bold and bright on the runway.
It’s taken until Spring 2018 for these coveted shoes to finally reach consumers. These long awaited platform Crocs come in Pink (Rosebonbon), Yellow, and Black. If you’re still debating about whether or not this is the right shoe for you and if you’re willing to drop $850 on a pair, you don’t have to rush. They all sold out when the preorder opened up but they’re starting to reappear in stores like Barneys, Nordstrom, Neiman Marcus, and Saks Fifth Avenue.
I might just wait until the designer Crocs show up at my local Crocs Outlet store.
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