The podcast dives into the ups and downs of luxury investments, revealing how items like G Class Mercedes and Rolexes have lost significant value recently. It humorously discusses the comfort found in other people's financial missteps, while warning about the risks of investing in luxury resale markets. Attention is also given to speculative investments that resemble financial lottery tickets for some. The evolving landscape of personal finance is explored, highlighting how many are turning to high-risk options to combat debt in today's economic climate.
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insights INSIGHT
Luxury Hype Was A Market Mirage
Alternative investments like luxury goods and collectibles boomed during the recent rally but then collapsed in value.
Market exuberance made many buyers believe anything scarce was an "investment," which proved risky.
insights INSIGHT
Alternatives Trade Liquidity For Control
Alternative assets can be uncorrelated to stocks and offer control and niche edges for wealthy investors.
But they are illiquid, costly to trade, and often impose large transaction penalties that erode returns.
volunteer_activism ADVICE
Don't Buy Things That Start 20% Down
Avoid buying assets where you're immediately 20% down due to fees and commissions.
If you want an investment, treat it as one; if you want a purchase, treat it as a purchase and stop mixing motives.
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All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind.
#investing #money #business
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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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Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channelās clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out.
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