iT's aN iNveStMenT bRo! | How Money Works
How Money Works
The Allure and Risks of Speculative Investments
This chapter delves into speculative alternative investments that serve as a financial lottery ticket for those in poverty, while highlighting the wealth gained by a select few. It examines the changing dynamics of investment behaviors, particularly in luxury goods and cryptocurrencies, amidst a landscape where riskier investments are leading to more cautious spending.
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Over the last 2 years the value of everything from G Class Mercedesā to Rolex Submariners, luxury handbags and trading cards has taken a huge hit.
Basically if you saw a luxury product in a sketchy ad from some guy trying to sell you a drop shipping courseā¦ itās probably halved in valueā¦
If you are every feeling bad about your own personal financial choices go and watch finance brokers try to unwind someone who is a hundred and fifty thousand dollars in negative equity on electric hummer that they purchased with an eight year loan to rent out on Turoā¦ it should make you feel much betterā¦
BUTā¦ I am sorry to tell you that things might be starting to turn around for theseā¦ douchebagsā¦
We are re-entering a market where bitcoin is breaking all time records, stonks only go up, and dogecoin is worth more than Nintendo, Delta Airlines, or the Ford Motor Companyā¦
In a market where prices only go up you better brace yourself, because people are going to say that just about anything is an āinvestmentā to convince their customers, to convince their partners, or just to convince themselvesā¦ but that doesn't matterā¦ as long as they canāt convince YOU
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