Study the USSR after afghanistan.... the song may be different, but remains the same. Look at our workforce. People no longer work but are "working", i.e. doing the least amount of work because nothing they do matters anyways. We have become a corporateocracy, the wars, the economy are too broadly linked. Sadly, if you still think the system works for you, I have an ocean in wyoming for *dirt* cheap.
Thanks for the video. Please, refrain from including commonly used notification sounds into video - they make viewer (me) think that they actually received notification.
Devil's advocate. Crypto can only work if a US leader is dumb enough to give it governmental backing. Even if this endangers the US dollar's standing as a global currency. So...
@@GeoffthegayrobotroomateStellar joke, my dude.❤ You are a dude right. Don't mean to offend. I truly are sorry for every word and breath, but I have a jobb to do.
Most greediness comes out of desperation, anyway, or rather out of fear from getting into the state of desperation so we're a bit hard-wired to, given a chance, grab as much as we can whether we need it or not, as 'you never know when will you have another opportunity'. It takes mental effort to recognize and resist the urge to be greedy, and left to themselves, water, electricity and humans always go down the path of least resistance.
I invest in rare and limited edition whiskys... if prices go up good ... if prices go down or collaps we'll there is enough alcohol to make me forgett about the last 20 years 🤷♂️
Haha I have a decent collection but bought to drink. The prices going so high though I have a hard time opening them. I don't want to open my pappy15 and Staggs even though I paid ~$80/per. My family owned a liquor store and 2 guys camped out 24hours on concrete last year to get pappy 😂. It's out of control
I've realised that over the last 5 years specifically whiskey prices in that segment have ridiculously exploded. Since I am only interested in drinking them and not trying to make bank this has pretty much pushed me out of my long time passion
I have two Beanie Babies. Their value is "priceless" because they've been mascots and constant companions through 24 years of my life's ups and downs. Best investment ever.
Oh man! I remember my wife buying these back in the late 90s and early 2000s. She'd tell me how much they were "worth" based on a book. I didn't have the heart to tell her they were not worth a penny more than what you could convince someone to pay, and when they became unpopular, the price dropped like a rock. She ended up putting her entire "collection" in black plastic garbage bags where they sat ina closet for years until she finally gave them away to a thrift store. Thankfully she never paid more than $30 for one.
I remember getting a bunch cheap at an estate sale hoping to resell. I could barely even give them away. Turns out things are only worth what people are willing to pay.
Real estate prices dropping is awesome, unless you are actively trying to sell a home or you own a home and your city/state refuses to drop taxes to match the price drop in the market. So, net awesomeness.
That is why one of the best investment advices I ever heard was "Invest in yourself, asset values can flutuate a lot. But a competent and dependable person that can solve problems will always be valuable".
unfortunately you still have to invest in the right area like i cant just be a gym rat and then go join the olympics. long shot i also shouldnt go to med school because long shot most ppl end up doing boring jobs instead
@@Zyo117if you are somewhat highly knowledgeable in a topic and you ask AI about it, you will understand how far we really are from a reality of not needing experts. Probably there will always be a need for them, because how else will we know if AI is bullshitting us like it does now?
The only person I know who "won" GameStonks used the 80K he made out of his sellout to take a year off from work, go back to business school, and get a master's degree in data analytics while that market was still hot.
This! Im so tired of every person/platform endlessly glazing shark tank members, oh their attributes are greed and a platform to display greed. Contestants who made deals with them had to sign nda's then get shafted while the "shark" recoups their investment and squeezes them out with legal teams...
And it would be an idiotic investment because of scams when cashing out and the fact that ur relying on valve not implementing some policy that will make your investment go to zero
it sort of has imploded, prices spiked really high due to the announcement of cs2, the hype died down after the game released but the prices are still at the sameish high, which makes demand of skins really low, especially for new players. Skins that could be traded easily (considered liquid) are now pretty hard to trade away. Biggest trend I noticed is the rate of people buying skins. Pre cs2 announcement people would pay 85-95% skin price, after cs2 announcement, since the market was running high on profits and everyone was making money, people would buy at 95-99%, but now that the market died people are back to paying for 85-95% again, but with a strict focus on only liquids, because non liquid items are lower demand than before. And yea the gambling scene sort of has made everything worse that game
@@theowainwright7406 "and the fact that ur relying on valve not implementing some policy that will make your investment go to zero" And you just explained word for word(except replace valve for "insert government here") why neoliberalism/reganomics is supported heavily by the upper class, despite the fact that all the promises it made to the working class have been shown to be entirely bullshit.
@@zachweyrauch2988People may be mocked for warning others, but eventually, those who mock will cry when they make the mistake and wonder, “Why did nobody warn me?” 😒
People are naturally drawn to the idea of easy-gains: and they become more attracted to it the poorer they are and the less chance they have of ever climbing out of it. E.g. Lottery tickets being mostly bought by the poor.
It’s amazing that this whole marketplace has emerged around alternative investments, when most of them started as underground money laundering, theft, and contract hit projects. Wild
Not really. Miami was a sleepy retirement town until it became a hub for the drug smuggling business and the attendant money laundering. Money has no smell.
I have tons of Pokemon cards from the last 28 years not because I saw them as an investment, but because I actually played the game. I have been selling off my very old cards now because the price people are willing to pay is insane. I would never buy these cards at these prices, but I will gladly sell them to the people crazy enough to buy them at these prices. Made over $50k in 5 months from these sales. It's insane.
you must have still collected ones with high value or at least spent a shit ton of money on them. I've been collecting since i was 5 and have easily 5-10k cards, and I doubt I could get $1000 for them all.
@ohiasdxfcghbljokasdjhnfvaw4ehr you are correct on both counts. I have been competitively playing since the beginning and I am on staff for every major North American tournament. Some of those staff exclusive cards are with thousands.
@thefishking7582 where did you sell yours? I wanted to do the same, but on fleamarkets the card's cost around 1€ so I'm not sure, where to sell mine for profit. There are some really old ones, but I don't even know the value 🙈
Your sponsored pitch is hilarious to me as an engineer. "RFID blocking technology" is the fanciest way of saying, "It's made of aluminum," I have ever heard. It's not high-tech. It's just a simple material property of aluminum. Nice wallet, though
yh literally all yt sponsors are one of three things: overpriced crap with exaggerated marketing, literal scams or lastly boring shite. The thing I hate about the ridge wallet and products like it is the insistance to use expensive materials to pretend to justify BS prices Like "ooh its made of aerospace grade titanium" why tho thats so unnecessary.
@@partnermammoth2562 That's TI 6AL-4V which is funnily enough also one of the most common forms of titanium in products. Same with the "military grade encryption" from some VPN companies, it being the most commonly used encryption form.
Honestly, alot of blue collar stuff pays shockingly well. Hvac, electrician, elevator repairmen, plumber, carpenter and elevator repair can get to a 6 figure income in a year. Cant really get hired through jobs searches though, you do have to know someone who'll hire/train you, but I've met people who worked at grocery stores who met a guy there.
@@leslielugosiPeople often excuse buying Rolexes by saying it’s an investment since they usually increase in value. Of course it’s a lie sine they will never end up selling it but yeah I’ve heard that line from people I know.
He actually changed it but this one is way funnier😂 these days remind me of Corona. Sad kinda. I'm up 200k on a long term investment as well. This market has become quite irrational but I don't want to sell just yet.
For sure. The minute I saw Doge going back up once Trump was reelected was the moment I confirmed it. The whole thing's a scam. Once I get back up to the price I paid for it at, I'm done. I only put $150 in anyway.
Now you get me thinking; which one of these luxury brand owners and shareholders want out and ready to kill the brand with this pump-and-dump scheme to do so?
Invest in yourself. If you have the money, buy something you need that will last. This will minimize repair/replacement costs, and better your life. I bought a $300 commercial microwave lately. I'm sure it'll last a long time, but i also bought it because it doesnt have a plate inside, and rather its the emitter that spins. This makes cleaning it much easier and gives a little peace of mind. I bought it now, because I've been looking at it for a year+, but it looks like the plans for the incoming administration include raising tarrifs on imported goods, which would likely result in heavily increased prices. Its a long term investment into myself and my future not needing to buy a replacement.
@@TheCraterGamesabout 70% of households are home owners, why are you less capable than them? Why are you less capable to put in the sacrifice? Why are you less capable to work the hours? Why are you less capable to buy within your means, however small and work your way up and EARN that dream home like every other generation did?
The bitcoin maximalists and the Austrian economics theories has some explaination of the rise of everything. The main problem is come from the money itself, when fiat money can't save your value trough time, everything become a value reserve. It is not that everything is going up, it's money that is going down.
The Austrian economists have been saying, like, forever, that printing trillions of dollars into existence will make inflation skyrocket. What do they know?
BTC maxis are silly if they think they can explain a 10,000,000% appreciation in a 20 year window with inflation. It's a sales tactic. The devaluation of currency has been known (and expected) since countries went off the gold standard. It's a feature.
A yes, my weekly dose of “the majority of investments are just for people who are already rich, you have to work hard to have the money power to invest”
@@TrollOfReason Someone probably worked hard and smart or at the very least was lucky at some point in the family line to make the fortune naturally the children if not taught very well will squander it most of the time having always lived a life of surplus. The majority of wealthy being generational is untrue the vast amount of millionaires or deca millionaires accumulated their wealth through the course of their life.
@@impyrobotwhile the idea is nice its very easy to disproove. Most millionairs are „self made“ because they become rich before their parents die. Why did these people get rich? Because (in general) if you are born into a wealthy family you are more likely to not get traumatized, more likely to receive support early in life, more likely to not suffer from malnoutrition, more likely to be in a position from which its easier to build (e.g. not contributing to household expenses saving money, having less student loans etc.) and having safety nets in place to take risks. If a 24 year old founds a tech start up with wealthy parents his worst outcome is probably a scolding and moving back in with them if it fails, if a 24 founds a tech startup with a poor family his worst case is probably homelessness (without even mentioning that the seed capital of the first one will probably be greater as well, giving more runway). And then we didnt even consider parents starting to retire without enough funds putting (wanted or unwanted) pressure on their children to support them, taking their chance to build wealth if they are not yet at a self sustaining wealth level. Seeing that this actually happens is also possible by just checking stats on socioeconomic mobility, which is on a very low level, meaning that (in general) if your perents were poor you are way more likely to stay poor compared to if your parents were wealthy. Yes there are cases where people out of poor families become wealthy, but the grueling work it often takes really is not comparable to people with wealthier backgrounds. Generationsl wealth is not just someone handing you money. Generaltional wealth is also in your youth environment shaping your future.
@@impyrobot Ehh that really boils down to whether or not you attribute the money earned from an inheritance to the inheritance or to the person who inherited it. From an accounting perspective a rich person who spends their entire life living off a trust fund may have earned the majority of their wealth. But I think normal people would consider their wealth to be generational. And if you attribute things like capital appreciation and income generated from inherited assets, to the inherited assets. The vast majority of wealth is almost certainly generational.
Yeah. It's all superficial BS. I thought people realised that these tacky status symbol items don't improve your life in any way, shape or form during the pandemic with the rise in popularity of the minimalism and van life movements. I feel like any lessons people learned from that time, they have discarded and have returned to a life of vapid consumerism, instant gratification and hedonism. This seems to be the future the masses want. I don't though. I despise what I'm seeing in our societies right now.
I’m a watch enthusiast. The guy who tells his wife the watch he wants is an investment is the same guy who justifies buying a Harley because he will save on gas. Watches fall into the “Collectibles” investment class, along with coins, stamps, baseball cards, and Hummel figurines. Real investors run from that stuff as fast as they can. Collectibles cannot be accurately valued using financial models, so it’s impossible to know what they are really worth.
Buying a watch as an investment is stupid it has no inherent value in the case of a Rolex, AP or Patek it is literally just fake scarcity and we've seen prices of many notable pieces drop below retail since COVID. Mind you, a gold Rolex say daydate will always be worth something if you need to pawn it off your wrist in an emergency.
Yeah, I saw that trend with coins, all the sudden there were these limited edition coins. Problem was there were hundreds of them, and they were very similar between each other. In ten or twenty years no one comes running to you to buy them. They are nice to look at, sometimes. But they were really not worth the money people spent on them.
Yup, as a lifelong collector (thank you, Pokemon, for hooking me early...) I decided after Beanie Babies tanked I was only going to collect things I actually enjoyed looking at/going through. The things that fit that definition has changed a lot over time, but the last thing I regret collecting actively was Beanie Babies, so I figure it's a win.
@@CantoniaCustomsWhile I have two watches I bought because they were made in the US, China and Russia have been producing some pretty interesting original designs.
YES!!! that's exactly her name (Mrs Elizabeth Regina Nelsen) so many people have recommended highly about her and I'm just starting with her from Brisbane Australia🇦🇺
S&P500 going up 20% means a couple months worth of mortgage to young professional. To a diligent investor nearing retirement it is a good year's salary. To a millionaire it's another vacation home, to a super millionaire it's a new house, super cars and more power. It's really not fair and frustrating knowing the hoarding of well gets worse and worse and we are back to peasants Lords and Kings just with a better standard of living.
@@DanCooper404 Ah yes, 30 percent of my income is going to rent and another 60 is going to food... thats a very comfortable 10%, its about to get even more comfy.
@@HowMoneyWorks My thumb is conditioned to mash the +10 seconds when I hear UA-camrs say the trigger code: This episode is sponsored by (this months latest sham)
Cause they want to be like the other people who wear fancy clothes and drive expensive cars who are also in debt. Unless I know the persons career, or if they are very old, I just assume they are in pretty bad debt if they buy an expensive car. Even making like 140k/yr+, buying a car worth more than 5-10% of my net worth seems stupid. Wouldn't buy a 100k car until I have over 1M$ in financial assets.
…what is considered fancy now a days? In what price range does expensive fall on in regards to vehicles? They all start at an eye watering $55K. Most of the financially attuned here in my leafy town by the Bay tend to gravitate towards well crafted quality wear and a lot do drive well curated higher end vehicles yet a few prefer older MBZ wagons
I'm a magic the gathering player and I see this a lot with people opening a LOT of boosters and then reassure themselves by saying it's an investment. Very fun to see but very sad
I tried to go and buy some cheap gold clubs to get back into playing and they don't even sell them in stores anymore, they put them online and charge almost what a new set would cost. I used to get them for under $7 a pop off a rack and just hit balls off at the range. I wish I had the space to have brought them last time I moved because now I'd have to spend like $300 to have what I thought I could have easily replaced.
The real winners in this are the manufacturers of the luxury goods, as well organizations that facilitate the transfer of said goods between parties (and take a sweet commission). Same could be said for crypto...except crypto is just a note in a ledger not actually tied to anything of real value. At least with a luxury good you get something pretty that tells you what time it is.
A Monet painting just sold at auction for $65 million. The buyer is already 10% under water after paying the 10% buyer commission. If he gets stuck with sales tax or VAT really under water.
Except for someone that rich. Is buying a Monet about an investment? Or is it more about bragging rights to other rich people that you have a real Monet? Acting poor around the peasants may be popular for the wealthy, but they like to show off to their peers just as much as we like to show off our pokemon card collections. Or...it's simply for the satisfaction that they have gotten rich enough to have a real Monet. They get a thrill seeing it sitting on the wall of their mansion because that's the sign that they've "made it".
@@modarkthemauler Only if the money you send to the laundromat don't shrink away completely. Is losing 50% of your starting cash through the laundering process s scam?
Alternative investments are no longer uncorrelated to the market. When asset prices are tied to the money printer everything moves in the same direction. The only difference is the risk premium. Assets like doge coin and penny stocks have higher risk premiums (more risk more reward) and so when markets are doing good they go up even more and when markets are doing bad they go down even more. It’s as simple as that. Gone are the days where the market is going down and bitcoin or any other alternative investment is going up.
Meh bullion as an asset class basically works in the reverse of the market. Market collapse? Silver price skyrockets. Bull market? Price drops and plateaus.
@@giantninja9173 Not really. Go look at some charts that plot gold against the s and p 500. Go look at the correlation coefficient. They’re highly correlated.
People want alternative investments to work because the last traditional investment in homebuying has become unaffordable and unobtainable. It's turning everyone into snake oil salesmen with TikToks.
@kenwen7791 Yes, but less than 10 percent of Americans hold stocks and bonds. Housing was one of the last major monikers of a stable middle-class lifestyle.
@@spicymemes7458 However, it doesn't mean they can't hold even a single share of any company, or let's say even indexing or investing passively for that matter.
@@kenwen7791 The problem with stock, bonds, etc. is they require disposable income for no short term change. Investing in a better home allows for a better standard of living instantly while still being an investment. With home owning being less and less achievable for the average person it has locked out middle class savings from keeping up with inflation so everyone but the already rich are only going to get poorer until this housing bubble pops.
My take on all this, as someone who gambles- yes I see it as gambling- on shitcoins is that most people have very little understanding of markets and are far too emotionally invested, and far too overleveraged to make any real money. I put in $240 two years ago and traded up to $600. Every time there's a bust- usually two a year- I buy. Every time there's a boom, I sell. I set up sell orders to make sure I get gains, and never set them at new highs- only previous ones. I gamble while limiting my risk as much as possible, and it's gotten me over 100% returns. That's not how most people invest, or gamble in this case and that I think is what gets them hooked on these get-rich-quick schemes and what causes their investments to either not do well- too much fiddling- or go negative- panic sales.
Me who collects vintage militaria: It looks cool, I want it. My friends: You can sell it for such high prices in the future!! (I don't want to sell my collection)
I’m 55 from southeastern Ohio but worked overseas all my life. I have savings of $1,000,000 and I'm ready for retirement, only concerned about the soaring inflation. Is this enough to retire comfortably, or do I need some sort of money management?
I would get money management just in case. You’re only 55. I think the average life execting in the US is 77.5 years, but many people live well into their 80s so that $1 million has to last you all of that and the unforeseen. $1m is a great start though. Good for you!
Congratulations on $1M saved! That's a feat. Inflation's a concern, I understand, but with smart management, your wealth can expand. I learned this firsthand, laid off at 36 during COVID-19, but my advisor saw me through, growing my portfolio 300%+ to $836k and counting. As retirement nears, stay motivated and consider expert guidance to secure your future; proper planning will help your savings thrive! Wishing you a successful and stress-free retirement!
I’ll be kind to leave just his name here ''Glen Howard Chester''. he's a renowned figure in the financial sector with over two decades of experience and an aum of over 500m usd.. I'd suggest you research him further on the web.
So many of these things operate on the "greater fool" principle. People know they're overpriced but are confident there's a greater fool out there that will buy it at a higher price. It's always the same plot. A frenzied run up, a bit of a stutter as people start wondering if they're the last greater fool, and then the rapid crash. Doesn't matter whether we're talking Beanie Babies, handbags, or watches. Some people make money, most people lose money - especially the small "investors".
I was in watch collecting for a while. Some watches do go up over time, but the majority lose half their value immediately. You really have to know what you are looking for and what is a good price. Only watches I have now are vintage watches or solid gold, which generally go up as gold does, and I don't need or want to sell any of them.
It is not an investment but many corrupt politicians use it as last resort fund, when literally you have to run and all you have is on your body, having 10-100k grand worth watch that you can pwn for even 10-20% of original value is better than nothing. Watch and Birkin bag are safe bets to be used for that particular reason. Expensive car is another if you can drive away from your problems :)
@@matthewnelson5293The guy made his fortune by ripping off a toy company 25 years ago...with nothing but being a TV personality afterwards. Why anyone respects a clown like "Mr. Wonderful" is beyond me, too.
Everyone that gets scammed or ends up in crazy debt either believes they are gonna be rich, or are gonna look rich. Those that don't care about being or looking rich are far less likely to get scammed
Using Bitcoin to buy a car or watch may actually cost more than the price of the car or watch. Bitcoin keeps going up in value faster than any other investment. Until it doesn't.
I hit $113k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.
It's essential for you to have a mentor to keep you accountable. Myself, I'm guided by Evelyn Vera. for years and highly recommend her I focus on him. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Once owned the rare black walnut wood from the mansion Thomas Edison had built himself. Nobody wanted it. Couldn't move it. For decades. I literally had to give it away for scrap when I couldn't afford the rent to keep it in storage anymore. Broke my heart.
The wealthy hosing people is a partisan view. It is also a correct and factual statement. The other side is constantly trying to push tax breaks for the capital class and consolidate wealth, and constantly lie to make sure people are fooled into thinking those things are good. Non-partisan views dont exist because one side wants you to lead a healthier and more well-off life and the other wants to deregulate every industry so you die from parasites in your food.
@@gf6x3gkmfw38 Yeah because then people will dishonestly claim incivility despite the republicans screeching from the rooftops blatantly insane things all the time. The difference is control of the media narrative.
@@gf6x3gkmfw38I think if you make videos that are explicitly partisan and political (even if it's a situation where there is an objective difference in political opinions that is relevant to the situation) you run the risk of scaring some people off who just aren't ready yet to be told any part of their political "team" is wrong. Not saying that people can't and shouldn't make those videos, because they should, but it's good to have SOME people who are willing to try to make videos that reach a bipartisan audience to maybe bring people a little bit closer together, have people a little bit more willing to look at the other person's perspective and evaluate weaknesses in their own position, especially in this age where people are getting increasingly radicalized in all directions.
I really appreciate the dedication in each video you post. To be successful one has to have multiple income streams and so on, also investors should understand the crossover between asset classes & liquidity flow, Angie Chen Owens focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch
So glad someone is speaking sense! So sick of the investment wars inflating the entire economy. People can’t buy and sell fast enough and I’m disgusted by the hyper consumerism!
Of course he did, but surely it was only meant to target viewers that have the equity to invest in that kind of asset class. Definitely, exclusively that group of viewers only, and not towards just anyone who would be enticed to click on the link in hopes of returns.
@@panisko87 "Lying is always okay for those on our side, because how else can we make a lot of money.... I mean survive? Lying from the opposite side in order to greedily make money is unforgivable"
@@kuolettavaVidsit irks me as well, but dude legally does it for $5000 while the other destroys the country currency power for hundreds of millions, political power, corruption, and steal from the poor. Both in the wrong but one is on several magnitudes worse, and causes the other to take desperate measure. Also sponsorships can be ignored, finance recession isn't.
I disagree on the bitcoin bit it’s a limited store of value against a infinite supply of fiat currency. No such thing as ship has sailed over the long term.
Well, the positive of "investing" in antique edged weapons (which I do mostly because I love history and fencing) is that even if they lost all of their financial value, they would still retain the intristic usefulness of being pointy and sharp chunks of metal.
I appreciate this video! I always told my peers that yes luxury watches are nice but I wouldn't buy them just because they are investments. All the watches I own or wish to own are one's I want to wear. My alternative investment move is International Trade & Development.
Your videos have been truly impressive! As one of your regular viewers, I've been following your content closely for a while now. I'm very interested in making an investment, but I’m still having trouble identifying the right opportunity to fully commit to. I would greatly appreciate any guidance or suggestions you might have in this area.
I started working with Coach Gregory Leo Cattel back in August, and my financial goals have never been clearer. It’s like having a strategic partner for my money with a solid track record
Gregory Leo Cattel success can be attributed to his unwavering dedication to setting realistic goals, expertly navigating clients through complex financial landscapes while avoiding the pitfalls of unrealistic expectations.>
I wonder if hand bags have a trade in program or buy back programs like luxury car brands do. Could that be a reason why they think its a good idea. I can see these kinds of situations only really favoring celebrities not average folk.
I always thought watch collecting was a pretty wild thing to do, but at least the collectors love the watches and the designs. Buying one just for an investment is next level wildness to me. Guess this is why I’m not rich!
Short-term chaos as a lot of hucksters get ruined, followed by long term stability and steady growth as money prudently follows the best long-term solution. Plus improvements in education and infrastructure as the real estate market no longer incentivizes speculation and instead encourages something like the neighborhood I grew up in, where of the 10 families living in the neighborhood on the day I was born in 1977, 8 still lived in the same house on the day I graduated from high school in 1995 (and of the remaining 2, one family moved into the house in 1980 and another in 1987.)
Simply have interest rates at 4 points higher than REAL INFLATION.....say 20%. Then you can simply leave it in a savings account! You know, like in the good old days.
Mine have out performed the S&P by 3x. But I forgot about them. Bought 4-5 technic sets then got busy with work and they were boxed up for a decade. The right sets improve a lot.
Depends. If you are, like me, in the market for lego for years upon years and have extensively studied the brand and the trends in it, it is not. However, if you just want to start, I would not do that.
Really have suspected that it was too good to be true. Now it really is and with these sad, bad and dangerous times now this thing only is increasing. Have to beware of things like this now.
Im a historian. I collect a variety of non unique antiques and either restore them or not depending on market desire then sell them. With out a doubt stone age arrow heads are my best seller but worst profit margin. Antique fire arms are my highest profit point but the most labourious work. My favorite are swords. Swords have a massively inflated value because of media and shit. Yet there are still sabers in the hills around Gettysburg national park that you can dig up legally, keep, restore or not, and sell for thousads of dollars. Historical artifacts are very much a what is it worth to you vs was is it worth intrinsically kind thing. The real trick is aquisition. The more you can find on your own the better. Yard and eatate sales can be good as well. Never try auction houses or other collectors just no value
😂😂😂 Oh, talk about preaching to the choir; people who saw designers as worthless have been saying this for years. Dior must have gotten on bad terms with the Italian government unless why didn’t they investigate a long time ago until now
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Study the USSR after afghanistan.... the song may be different, but remains the same. Look at our workforce. People no longer work but are "working", i.e. doing the least amount of work because nothing they do matters anyways. We have become a corporateocracy, the wars, the economy are too broadly linked. Sadly, if you still think the system works for you, I have an ocean in wyoming for *dirt* cheap.
Thanks for the video. Please, refrain from including commonly used notification sounds into video - they make viewer (me) think that they actually received notification.
Devil's advocate. Crypto can only work if a US leader is dumb enough to give it governmental backing. Even if this endangers the US dollar's standing as a global currency. So...
Stop investing in stupid things, people. The stock market exits for a reason. So that start ups can have a chance in a rigged economy.
@@GeoffthegayrobotroomateStellar joke, my dude.❤ You are a dude right. Don't mean to offend. I truly are sorry for every word and breath, but I have a jobb to do.
"People are no longer being greedy, they're being desperate"
Damn. That sums up just about everything.
Most greediness comes out of desperation, anyway, or rather out of fear from getting into the state of desperation so we're a bit hard-wired to, given a chance, grab as much as we can whether we need it or not, as 'you never know when will you have another opportunity'. It takes mental effort to recognize and resist the urge to be greedy, and left to themselves, water, electricity and humans always go down the path of least resistance.
The rich are getting more greedy. The poor are getting more desperate.
@@wbay3848 What do you mean he didn't mention anything about the ongoing genocide in Gaza.
@@wbay3848 Takes an effort not to be racist or xenophobic, either, an effort you obviously didn't make...
Lack of common sense.
I invest in rare and limited edition whiskys... if prices go up good ... if prices go down or collaps we'll there is enough alcohol to make me forgett about the last 20 years 🤷♂️
Haha I have a decent collection but bought to drink. The prices going so high though I have a hard time opening them. I don't want to open my pappy15 and Staggs even though I paid ~$80/per. My family owned a liquor store and 2 guys camped out 24hours on concrete last year to get pappy 😂. It's out of control
Have you considered firearms? Dude it’s so dope
this is the way!
@@dmitrykarkov4747 fr, firearms don't generally jump up in value, but they never lose value either.
I've realised that over the last 5 years specifically whiskey prices in that segment have ridiculously exploded. Since I am only interested in drinking them and not trying to make bank this has pretty much pushed me out of my long time passion
Bro, I love you, but you're out of your depth on this one. My Beanie Baby collection is gonna' 10x in value any day now, I can feel it!
Not before my pog collection goes to the moon😅
Baseball cards for the win.
I have two Beanie Babies. Their value is "priceless" because they've been mascots and constant companions through 24 years of my life's ups and downs.
Best investment ever.
Oh man! I remember my wife buying these back in the late 90s and early 2000s. She'd tell me how much they were "worth" based on a book. I didn't have the heart to tell her they were not worth a penny more than what you could convince someone to pay, and when they became unpopular, the price dropped like a rock. She ended up putting her entire "collection" in black plastic garbage bags where they sat ina closet for years until she finally gave them away to a thrift store. Thankfully she never paid more than $30 for one.
I remember getting a bunch cheap at an estate sale hoping to resell. I could barely even give them away. Turns out things are only worth what people are willing to pay.
It’s a wild world when real estate prices tanking is called “wealth destruction “ instead of awesome.
That’s what happens when you view houses as stocks
Real estate prices dropping is awesome, unless you are actively trying to sell a home or you own a home and your city/state refuses to drop taxes to match the price drop in the market. So, net awesomeness.
It all depends on which side of the wealth spectrum you’re on.
It's awesome if you want to buy.
It's terrible if you want to sell or get a big loan.
bitcoin is better
That is why one of the best investment advices I ever heard was "Invest in yourself, asset values can flutuate a lot. But a competent and dependable person that can solve problems will always be valuable".
Yup
AI: hold my proxy
unfortunately you still have to invest in the right area
like i cant just be a gym rat and then go join the olympics. long shot
i also shouldnt go to med school because long shot
most ppl end up doing boring jobs instead
@@TESkyrimizer that’s low key a good example that gym rat analogy
@@Zyo117if you are somewhat highly knowledgeable in a topic and you ask AI about it, you will understand how far we really are from a reality of not needing experts.
Probably there will always be a need for them, because how else will we know if AI is bullshitting us like it does now?
The only person I know who "won" GameStonks used the 80K he made out of his sellout to take a year off from work, go back to business school, and get a master's degree in data analytics while that market was still hot.
That's awesome because at least education is the one investment that cannot be taken from you as long as you remain committed to lifelong learning.
It still is, just maybe on a bit of stormy water due to AI appearing, but it turned out to not be smart enough to replace professionals just yet...
Smart man
If Kevin O’Leary is recommending it, it’s probably a bad idea.
Mr blunderful
Kevin O'LIEry
That scamming piece of dog shit belongs in prison with the rest of these cryptobro criminals
This! Im so tired of every person/platform endlessly glazing shark tank members, oh their attributes are greed and a platform to display greed.
Contestants who made deals with them had to sign nda's then get shafted while the "shark" recoups their investment and squeezes them out with legal teams...
Wrong. It's not probably a bad idea, it definitely is.
10:36 - “China is the largest market for luxury goods” - shows picture of Thailand
Came here to say the same thing 😂😂😂😂
wym? that’s HMW trademark by now 😂
Im American and here’s thats the same place
@@GooseCeeWell, thankfully not all Americans are like you. 😂
@GooseCee 🤡🤡🤡
One alternative investment that has not yet imploded is Counter Strike skins.
It imploded after the gambling site ban
And it would be an idiotic investment because of scams when cashing out and the fact that ur relying on valve not implementing some policy that will make your investment go to zero
Even after cs2
it sort of has imploded, prices spiked really high due to the announcement of cs2, the hype died down after the game released but the prices are still at the sameish high, which makes demand of skins really low, especially for new players. Skins that could be traded easily (considered liquid) are now pretty hard to trade away. Biggest trend I noticed is the rate of people buying skins. Pre cs2 announcement people would pay 85-95% skin price, after cs2 announcement, since the market was running high on profits and everyone was making money, people would buy at 95-99%, but now that the market died people are back to paying for 85-95% again, but with a strict focus on only liquids, because non liquid items are lower demand than before. And yea the gambling scene sort of has made everything worse that game
@@theowainwright7406 "and the fact that ur relying on valve not implementing some policy that will make your investment go to zero"
And you just explained word for word(except replace valve for "insert government here") why neoliberalism/reganomics is supported heavily by the upper class, despite the fact that all the promises it made to the working class have been shown to be entirely bullshit.
I made 300% on Nvidea
but invested only 3$
💀
With so many blatant scams around, I think people like being scammed.
Unironically ya they do. Scams are designed to feel great until you realize they exist and then ideally you're so ashamed you don't warn your friends.
@@zachweyrauch2988People may be mocked for warning others, but eventually, those who mock will cry when they make the mistake and wonder, “Why did nobody warn me?” 😒
I've recently heard the idea that going for something scammy in hope of it paying big, like turning potentially not getting scammed being gambling
People are naturally drawn to the idea of easy-gains: and they become more attracted to it the poorer they are and the less chance they have of ever climbing out of it.
E.g. Lottery tickets being mostly bought by the poor.
Scammers are not selling products, they're selling hope.
It’s amazing that this whole marketplace has emerged around alternative investments, when most of them started as underground money laundering, theft, and contract hit projects. Wild
Not really. Miami was a sleepy retirement town until it became a hub for the drug smuggling business and the attendant money laundering. Money has no smell.
I have tons of Pokemon cards from the last 28 years not because I saw them as an investment, but because I actually played the game. I have been selling off my very old cards now because the price people are willing to pay is insane. I would never buy these cards at these prices, but I will gladly sell them to the people crazy enough to buy them at these prices. Made over $50k in 5 months from these sales. It's insane.
you must have still collected ones with high value or at least spent a shit ton of money on them. I've been collecting since i was 5 and have easily 5-10k cards, and I doubt I could get $1000 for them all.
@ohiasdxfcghbljokasdjhnfvaw4ehr you are correct on both counts. I have been competitively playing since the beginning and I am on staff for every major North American tournament. Some of those staff exclusive cards are with thousands.
@thefishking7582
where did you sell yours? I wanted to do the same, but on fleamarkets the card's cost around 1€ so I'm not sure, where to sell mine for profit. There are some really old ones, but I don't even know the value 🙈
@ohiasdxfcghbljokasdjhnfvainde
w4ehr indeed
Don’t forget to give the IRS their hard earned cut
Your sponsored pitch is hilarious to me as an engineer. "RFID blocking technology" is the fanciest way of saying, "It's made of aluminum," I have ever heard. It's not high-tech. It's just a simple material property of aluminum. Nice wallet, though
aluminum is a pretty cool technology all things considered
Absolutely cringe and painfully ironic sponsor.
yh literally all yt sponsors are one of three things: overpriced crap with exaggerated marketing, literal scams or lastly boring shite. The thing I hate about the ridge wallet and products like it is the insistance to use expensive materials to pretend to justify BS prices Like "ooh its made of aerospace grade titanium" why tho thats so unnecessary.
@@partnermammoth2562 That's TI 6AL-4V which is funnily enough also one of the most common forms of titanium in products. Same with the "military grade encryption" from some VPN companies, it being the most commonly used encryption form.
I have a leather wallet with a picture of your mom
All the depressing stuff I learn from this channel stem from one problem: most people can not earn a comfortable living from honest labor.
We're overdue a revolution
And the desire to get easy money.
Honestly, alot of blue collar stuff pays shockingly well. Hvac, electrician, elevator repairmen, plumber, carpenter and elevator repair can get to a 6 figure income in a year. Cant really get hired through jobs searches though, you do have to know someone who'll hire/train you, but I've met people who worked at grocery stores who met a guy there.
Work in a union 💪 job. Your wage increases every year.
Touche
Instant like just from the hilarious title
I was very proud of it
What does it mean?
@@leslielugosiPeople often excuse buying Rolexes by saying it’s an investment since they usually increase in value. Of course it’s a lie sine they will never end up selling it but yeah I’ve heard that line from people I know.
@@Koyomix86 it is mean to just ratio someone who is just asking questions. for example: "i'm just asking questions"
He actually changed it but this one is way funnier😂 these days remind me of Corona. Sad kinda. I'm up 200k on a long term investment as well. This market has become quite irrational but I don't want to sell just yet.
My dad gave me two great bits of advice before he left to get milk:
- Tell, don’t show
- Buy high, sell low
Pretty sure he’ll be back any year now.
Another certified hood classic.
This isn't Patrick Boyle, Rap news is strictly on another channel.
If you're in the hood and watching this for investment advice.... I have no words. Kept being black i guess
@@CharlieKellyEsq even Charlie can get a joke better than you lol
@@HowMoneyWorksI love my weird financial UA-cam people
@@CharlieKellyEsq
What even is this comment lol?
This all feels like a whole pump & dump scheme by rich people and lux manufacturers.
For sure. The minute I saw Doge going back up once Trump was reelected was the moment I confirmed it. The whole thing's a scam. Once I get back up to the price I paid for it at, I'm done. I only put $150 in anyway.
Now you get me thinking; which one of these luxury brand owners and shareholders want out and ready to kill the brand with this pump-and-dump scheme to do so?
Invest in yourself.
If you have the money, buy something you need that will last.
This will minimize repair/replacement costs, and better your life.
I bought a $300 commercial microwave lately. I'm sure it'll last a long time, but i also bought it because it doesnt have a plate inside, and rather its the emitter that spins. This makes cleaning it much easier and gives a little peace of mind.
I bought it now, because I've been looking at it for a year+, but it looks like the plans for the incoming administration include raising tarrifs on imported goods, which would likely result in heavily increased prices. Its a long term investment into myself and my future not needing to buy a replacement.
Nice investment, shame that it'll ruin everything you put in it.
Don't worry it does not.
Let me buy a house then... Oh wait... Apparently it's an investment too, so I can't afford that. Oh well
@@TheCraterGamesabout 70% of households are home owners, why are you less capable than them? Why are you less capable to put in the sacrifice? Why are you less capable to work the hours? Why are you less capable to buy within your means, however small and work your way up and EARN that dream home like every other generation did?
@@mitchvanwijngaarden1360 sounds like someone here doesn't know either how to properly use a microwave or what to use it on.
The bitcoin maximalists and the Austrian economics theories has some explaination of the rise of everything. The main problem is come from the money itself, when fiat money can't save your value trough time, everything become a value reserve. It is not that everything is going up, it's money that is going down.
Thank you for saying it
The Austrian economists have been saying, like, forever, that printing trillions of dollars into existence will make inflation skyrocket. What do they know?
BTC maxis are silly if they think they can explain a 10,000,000% appreciation in a 20 year window with inflation. It's a sales tactic. The devaluation of currency has been known (and expected) since countries went off the gold standard. It's a feature.
@@CCMorgan to everyone who doesn’t know^ they’re^ using sarcasm
@@daysofend feature to the COUNTRIES not to the PEOPLE. lol.
A yes, my weekly dose of “the majority of investments are just for people who are already rich, you have to work hard to have the money power to invest”
"Working hard" is a pretty disingenuous euphemism for generational wealth.
@@TrollOfReason Someone probably worked hard and smart or at the very least was lucky at some point in the family line to make the fortune naturally the children if not taught very well will squander it most of the time having always lived a life of surplus. The majority of wealthy being generational is untrue the vast amount of millionaires or deca millionaires accumulated their wealth through the course of their life.
@@impyrobotLie
@@impyrobotwhile the idea is nice its very easy to disproove. Most millionairs are „self made“ because they become rich before their parents die. Why did these people get rich? Because (in general) if you are born into a wealthy family you are more likely to not get traumatized, more likely to receive support early in life, more likely to not suffer from malnoutrition, more likely to be in a position from which its easier to build (e.g. not contributing to household expenses saving money, having less student loans etc.) and having safety nets in place to take risks. If a 24 year old founds a tech start up with wealthy parents his worst outcome is probably a scolding and moving back in with them if it fails, if a 24 founds a tech startup with a poor family his worst case is probably homelessness (without even mentioning that the seed capital of the first one will probably be greater as well, giving more runway). And then we didnt even consider parents starting to retire without enough funds putting (wanted or unwanted) pressure on their children to support them, taking their chance to build wealth if they are not yet at a self sustaining wealth level. Seeing that this actually happens is also possible by just checking stats on socioeconomic mobility, which is on a very low level, meaning that (in general) if your perents were poor you are way more likely to stay poor compared to if your parents were wealthy. Yes there are cases where people out of poor families become wealthy, but the grueling work it often takes really is not comparable to people with wealthier backgrounds. Generationsl wealth is not just someone handing you money. Generaltional wealth is also in your youth environment shaping your future.
@@impyrobot Ehh that really boils down to whether or not you attribute the money earned from an inheritance to the inheritance or to the person who inherited it. From an accounting perspective a rich person who spends their entire life living off a trust fund may have earned the majority of their wealth. But I think normal people would consider their wealth to be generational.
And if you attribute things like capital appreciation and income generated from inherited assets, to the inherited assets. The vast majority of wealth is almost certainly generational.
Two words: Irrational Exuberance
Wheres the damn "boom" already?
Nice, an Alan Greenspan throwback!!
Yeah. It's all superficial BS. I thought people realised that these tacky status symbol items don't improve your life in any way, shape or form during the pandemic with the rise in popularity of the minimalism and van life movements. I feel like any lessons people learned from that time, they have discarded and have returned to a life of vapid consumerism, instant gratification and hedonism. This seems to be the future the masses want. I don't though. I despise what I'm seeing in our societies right now.
I’m a watch enthusiast. The guy who tells his wife the watch he wants is an investment is the same guy who justifies buying a Harley because he will save on gas. Watches fall into the “Collectibles” investment class, along with coins, stamps, baseball cards, and Hummel figurines. Real investors run from that stuff as fast as they can. Collectibles cannot be accurately valued using financial models, so it’s impossible to know what they are really worth.
Buying a watch as an investment is stupid it has no inherent value in the case of a Rolex, AP or Patek it is literally just fake scarcity and we've seen prices of many notable pieces drop below retail since COVID.
Mind you, a gold Rolex say daydate will always be worth something if you need to pawn it off your wrist in an emergency.
Yeah, I saw that trend with coins, all the sudden there were these limited edition coins. Problem was there were hundreds of them, and they were very similar between each other. In ten or twenty years no one comes running to you to buy them. They are nice to look at, sometimes. But they were really not worth the money people spent on them.
Yup, as a lifelong collector (thank you, Pokemon, for hooking me early...) I decided after Beanie Babies tanked I was only going to collect things I actually enjoyed looking at/going through. The things that fit that definition has changed a lot over time, but the last thing I regret collecting actively was Beanie Babies, so I figure it's a win.
I'm exclusively a nerd for Chinese and Russian watch brands because they keep prices fair.
@@CantoniaCustomsWhile I have two watches I bought because they were made in the US, China and Russia have been producing some pretty interesting original designs.
The worldwide addiction to gambling continues.
People seem to not want to understand that they have become the product.
I'm favoured, $32K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
Do you invest with a professional broker??I'd appreciate it if you show me how to go about it.
It's Elizabeth Regina Nelsen doing she's changed my life. A BROKER- like her is what you need.
YES!!! that's exactly her name (Mrs Elizabeth Regina Nelsen) so many people have recommended highly about her and I'm just starting with her from Brisbane Australia🇦🇺
Wow! Kind of in shock you mentioned expert, Elizabeth Regina Nelsen. What a coincidence!!
No doubt she's very good, I started with 5k and cashed out 40k after 1 weeks. I still wonder how she got her analysis.
S&P500 going up 20% means a couple months worth of mortgage to young professional. To a diligent investor nearing retirement it is a good year's salary. To a millionaire it's another vacation home, to a super millionaire it's a new house, super cars and more power.
It's really not fair and frustrating knowing the hoarding of well gets worse and worse and we are back to peasants Lords and Kings just with a better standard of living.
I'll take it. I don't care about getting rich, I just want to be comfortable.
@@DanCooper404 At some point they will come for your comfort too.
@@samwood4733 already are. Now go pay monthly for heated seats in a car as you pay peak rates for heat and electricity.
@@DanCooper404 Ah yes, 30 percent of my income is going to rent and another 60 is going to food... thats a very comfortable 10%, its about to get even more comfy.
Me trying to klick the "Skip Add" button implemented in your video :D
You have been conditioned
@@HowMoneyWorksthings like that makes me wonder why bother advertising anymore, especially if skipping is a click away or a swipe
i recognize how ignorant it makes me sound... but im still ignorant
@@HowMoneyWorks
My thumb is conditioned to mash the +10 seconds when I hear UA-camrs say the trigger code: This episode is sponsored by (this months latest sham)
@@da_copreee9929or a fee
Everyone I know who wears fancy clothes and drives an expensive car is deep in debt.
Cause they want to be like the other people who wear fancy clothes and drive expensive cars who are also in debt.
Unless I know the persons career, or if they are very old, I just assume they are in pretty bad debt if they buy an expensive car.
Even making like 140k/yr+, buying a car worth more than 5-10% of my net worth seems stupid. Wouldn't buy a 100k car until I have over 1M$ in financial assets.
@@Lolatyou332 yeah rich people use stock as debt so..
Im in deep debt without it
…what is considered fancy now a days? In what price range does expensive fall on in regards to vehicles? They all start at an eye watering $55K. Most of the financially attuned here in my leafy town by the Bay tend to gravitate towards well crafted quality wear and a lot do drive well curated higher end vehicles yet a few prefer older MBZ wagons
I'm a magic the gathering player and I see this a lot with people opening a LOT of boosters and then reassure themselves by saying it's an investment.
Very fun to see but very sad
I've seen this firsthand. Once I made $40 on a deluxe foil whatever rare card, I wouldn't recommend selling M:TG cards as a job.
My heavy bags were purchased as singles at least 😤
The resale industry in general has gotten out of hand. Goodwill charges retail prices now for used goods.
I tried to go and buy some cheap gold clubs to get back into playing and they don't even sell them in stores anymore, they put them online and charge almost what a new set would cost. I used to get them for under $7 a pop off a rack and just hit balls off at the range. I wish I had the space to have brought them last time I moved because now I'd have to spend like $300 to have what I thought I could have easily replaced.
@PlaystationMasterPS3 It's absolutely ridiculous
They started leaning into the Poor-chic thing, so now used clothes are for affluent shitter status symbols too
Love the banana at 3:57..sold for 6.2 million a couple days ago!
Yes, and it must have rotted by now. 😂
You've gotta love this relentless dreamcrusher.
Any investment only works if someone else is willing to buy it off you for a higher price.
Lol that's not true. There's a reason why people invest In dividends, cuz most who do never plan on selling.
That’s not how bonds, loans, dividends, R&D funds, rentals work
And with the constant devaluing of the currency, asset prices generally rise over time.
The real winners in this are the manufacturers of the luxury goods, as well organizations that facilitate the transfer of said goods between parties (and take a sweet commission). Same could be said for crypto...except crypto is just a note in a ledger not actually tied to anything of real value. At least with a luxury good you get something pretty that tells you what time it is.
lol
A Monet painting just sold at auction for $65 million. The buyer is already 10% under water after paying the 10% buyer commission. If he gets stuck with sales tax or VAT really under water.
Except for someone that rich. Is buying a Monet about an investment? Or is it more about bragging rights to other rich people that you have a real Monet? Acting poor around the peasants may be popular for the wealthy, but they like to show off to their peers just as much as we like to show off our pokemon card collections. Or...it's simply for the satisfaction that they have gotten rich enough to have a real Monet. They get a thrill seeing it sitting on the wall of their mansion because that's the sign that they've "made it".
At this point isn't all art trading just money laundering and tax evasion?
@@wesandell "Only the mice and I see these paintings." - Catherine, Empress of Russia, 18th century, on her art collection
@@modarkthemauler Yes, art and "philanthropy" are tax evasion techniques.
@@modarkthemauler
Only if the money you send to the laundromat don't shrink away completely. Is losing 50% of your starting cash through the laundering process s scam?
Alternative investments are no longer uncorrelated to the market. When asset prices are tied to the money printer everything moves in the same direction. The only difference is the risk premium. Assets like doge coin and penny stocks have higher risk premiums (more risk more reward) and so when markets are doing good they go up even more and when markets are doing bad they go down even more. It’s as simple as that. Gone are the days where the market is going down and bitcoin or any other alternative investment is going up.
Meh bullion as an asset class basically works in the reverse of the market. Market collapse? Silver price skyrockets. Bull market? Price drops and plateaus.
@@giantninja9173 Not really. Go look at some charts that plot gold against the s and p 500. Go look at the correlation coefficient. They’re highly correlated.
Cosplaying as poor people has always been trendy for the rich
Marie Antoinette was playing Stardew Valley IRL with the gardens at Versailles.
I used to cosplay as a rich person while being poor.
If the secondary market is lucrative, why wouldn't the manufacturer sell directly into it? And what makes you think they arent?
Shh, don't give out all the secrets.
Remember, the investment frenzy bankrupted Marvel comics in the 90s.
I love how it takes half the video to finish your intro every single time 😂
Each BTC season, the same advice.
BTC can't always go up.
Yet that is what it's doing each cycle.
@@Michalos86 Bitcoin has no top because fiat has no bottom.
I do wonder someday when BTC is $1 Trillion each and we finally start to wonder "maybe the Dollar system has jumped the shark"
Just saying that today Bitcoin hit 92k
@@leoperez2566fiat? The car company?
“number on useless asset always goes up”
People want alternative investments to work because the last traditional investment in homebuying has become unaffordable and unobtainable. It's turning everyone into snake oil salesmen with TikToks.
Traditional investments are not only properties, they can also be stocks and bonds
@kenwen7791 Yes, but less than 10 percent of Americans hold stocks and bonds. Housing was one of the last major monikers of a stable middle-class lifestyle.
@@spicymemes7458 However, it doesn't mean they can't hold even a single share of any company, or let's say even indexing or investing passively for that matter.
@@spicymemes7458 Its only due to ignorance, you can start buying stock and bond with only 1 dollar.
@@kenwen7791 The problem with stock, bonds, etc. is they require disposable income for no short term change. Investing in a better home allows for a better standard of living instantly while still being an investment. With home owning being less and less achievable for the average person it has locked out middle class savings from keeping up with inflation so everyone but the already rich are only going to get poorer until this housing bubble pops.
1:42 Plain bagel, is that you?
I had to do a double take 😂
it's almost like paying WAY over market value for everything wasn't a good idea
My take on all this, as someone who gambles- yes I see it as gambling- on shitcoins is that most people have very little understanding of markets and are far too emotionally invested, and far too overleveraged to make any real money. I put in $240 two years ago and traded up to $600. Every time there's a bust- usually two a year- I buy. Every time there's a boom, I sell. I set up sell orders to make sure I get gains, and never set them at new highs- only previous ones. I gamble while limiting my risk as much as possible, and it's gotten me over 100% returns. That's not how most people invest, or gamble in this case and that I think is what gets them hooked on these get-rich-quick schemes and what causes their investments to either not do well- too much fiddling- or go negative- panic sales.
Me who collects vintage militaria: It looks cool, I want it.
My friends: You can sell it for such high prices in the future!! (I don't want to sell my collection)
You don't know how right you are. Gets pretty brutal when you want to buy a waterloo campaign medal lol
@@bazinga3160 Spending 700+ dollars on a piece of fabric from the indian wars be like
Good to see the “me like shiny rock, gimmie, no take” impulse goes strong in our species. I’m sure your collection is impressive. 👍
Did we go to the milsurp shows?
I purchased guns and now I feel like a jackass now Trump won the election lmao
I’m 55 from southeastern Ohio but worked overseas all my life. I have savings of $1,000,000 and I'm ready for retirement, only concerned about the soaring inflation. Is this enough to retire comfortably, or do I need some sort of money management?
I would get money management just in case. You’re only 55. I think the average life execting in the US is 77.5 years, but many people live well into their 80s so that $1 million has to last you all of that and the unforeseen. $1m is a great start though. Good for you!
Congratulations on $1M saved! That's a feat. Inflation's a concern, I understand, but with smart management, your wealth can expand. I learned this firsthand, laid off at 36 during COVID-19, but my advisor saw me through, growing my portfolio 300%+ to $836k and counting. As retirement nears, stay motivated and consider expert guidance to secure your future; proper planning will help your savings thrive! Wishing you a successful and stress-free retirement!
@johnketh Impressive! your advIsor must be top notch, mind sharing more info pleas? in dire need of proper asset allocation
I’ll be kind to leave just his name here ''Glen Howard Chester''. he's a renowned figure in the financial sector with over two decades of experience and an aum of over 500m usd.. I'd suggest you research him further on the web.
I looked him up and found his consulting page. I’ve got to say his credentials are truly impressive! I've scheduled a call to discuss further
So many of these things operate on the "greater fool" principle. People know they're overpriced but are confident there's a greater fool out there that will buy it at a higher price. It's always the same plot. A frenzied run up, a bit of a stutter as people start wondering if they're the last greater fool, and then the rapid crash. Doesn't matter whether we're talking Beanie Babies, handbags, or watches. Some people make money, most people lose money - especially the small "investors".
I was in watch collecting for a while. Some watches do go up over time, but the majority lose half their value immediately. You really have to know what you are looking for and what is a good price. Only watches I have now are vintage watches or solid gold, which generally go up as gold does, and I don't need or want to sell any of them.
It is not an investment but many corrupt politicians use it as last resort fund, when literally you have to run and all you have is on your body, having 10-100k grand worth watch that you can pwn for even 10-20% of original value is better than nothing. Watch and Birkin bag are safe bets to be used for that particular reason. Expensive car is another if you can drive away from your problems :)
Additionally, it's also something you may not have to split in case of a divorce... especially if no one knows about it.
1:06 Extra points for including that bozo!
It's wild anyone listens to his thoughts. He's just overtly and insanely greedy!
@@matthewnelson5293The guy made his fortune by ripping off a toy company 25 years ago...with nothing but being a TV personality afterwards. Why anyone respects a clown like "Mr. Wonderful" is beyond me, too.
Everyone that gets scammed or ends up in crazy debt either believes they are gonna be rich, or are gonna look rich.
Those that don't care about being or looking rich are far less likely to get scammed
The Market isn't "getting" stupid. It showed up stupid, and went downhill from there.
Using Bitcoin to buy a car or watch may actually cost more than the price of the car or watch. Bitcoin keeps going up in value faster than any other investment. Until it doesn't.
The trend is your friend until the end.
1:27 mine is Drugs 🤑🤑🤑
Now THATS an investment
Nahhhh invest in the 100% legit csgo gambling site
I hit $113k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.
It's essential for you to have a mentor to keep you accountable. Myself, I'm guided by Evelyn Vera. for years and highly recommend her I focus on him. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
3:37 I was waiting on masterworks ad lmao
Cosplaying as poor is hilarious. Nobody knows how to sniff out the secret affluent like actual poor people. ❤
a friend of mine sold his company a view years ago and he told me the only investment that went bad was watches lmao
Once owned the rare black walnut wood from the mansion Thomas Edison had built himself. Nobody wanted it. Couldn't move it. For decades. I literally had to give it away for scrap when I couldn't afford the rent to keep it in storage anymore. Broke my heart.
Should've checked out Greenfield Village
Lifestyle is whats most important
Thank you for releasing these videos. I think its important that someone is making non-partisan videos showing how the wealthy are hosing people.
The wealthy hosing people is a partisan view. It is also a correct and factual statement. The other side is constantly trying to push tax breaks for the capital class and consolidate wealth, and constantly lie to make sure people are fooled into thinking those things are good.
Non-partisan views dont exist because one side wants you to lead a healthier and more well-off life and the other wants to deregulate every industry so you die from parasites in your food.
Why? Is acknowledging the political situation that causes it taboo for some reason?
Both parties hate the rich. To do that, reps think we need less government, and dems think we need more.
@@gf6x3gkmfw38 Yeah because then people will dishonestly claim incivility despite the republicans screeching from the rooftops blatantly insane things all the time. The difference is control of the media narrative.
@@gf6x3gkmfw38I think if you make videos that are explicitly partisan and political (even if it's a situation where there is an objective difference in political opinions that is relevant to the situation) you run the risk of scaring some people off who just aren't ready yet to be told any part of their political "team" is wrong. Not saying that people can't and shouldn't make those videos, because they should, but it's good to have SOME people who are willing to try to make videos that reach a bipartisan audience to maybe bring people a little bit closer together, have people a little bit more willing to look at the other person's perspective and evaluate weaknesses in their own position, especially in this age where people are getting increasingly radicalized in all directions.
11:14 who really washes their car while wearing a dress suit? LOL!
Detached from reality rich people making a photoshoot to cosplay as poor/, middle-class
My favorite disembodied voice with funny editing has uploaded again
I really appreciate the dedication in each video you post. To be successful one has to have multiple income streams and so on, also investors should understand the crossover between asset classes & liquidity flow, Angie Chen Owens focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week...
Angie Owens strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started
Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading
Please let me know how to contact her as I'm new to this.
I was skeptical at first until I decided to try. It’s huge returns is awesome! I can’t say much.
So glad someone is speaking sense! So sick of the investment wars inflating the entire economy. People can’t buy and sell fast enough and I’m disgusted by the hyper consumerism!
Was not it you that had ads for that "arts investment" stuff?
Mans gotta eat
Of course he did, but surely it was only meant to target viewers that have the equity to invest in that kind of asset class. Definitely, exclusively that group of viewers only, and not towards just anyone who would be enticed to click on the link in hopes of returns.
@@panisko87 "Lying is always okay for those on our side, because how else can we make a lot of money.... I mean survive? Lying from the opposite side in order to greedily make money is unforgivable"
Masterworks? They've added that as well in the thumbnail 😅
@@kuolettavaVidsit irks me as well, but dude legally does it for $5000 while the other destroys the country currency power for hundreds of millions, political power, corruption, and steal from the poor.
Both in the wrong but one is on several magnitudes worse, and causes the other to take desperate measure. Also sponsorships can be ignored, finance recession isn't.
I disagree on the bitcoin bit it’s a limited store of value against a infinite supply of fiat currency. No such thing as ship has sailed over the long term.
Cargo cult at its finest, poor people believing luxury items act like money magnet/talisman
Some items aren't an investment, but are still a value reserve.
Would have been the greatest ad placement of all time if m-ass-terworks was the sponsor! hahaha
Reserved Investments is the king of this particular topic.
HMW going in hard on this one... Freaking love it!
Bro,that opening minute was savage from the start!
2021 was the obvious euphoria high from investors scalping the pandemic markets - peak lux car and watch prices
Well, the positive of "investing" in antique edged weapons (which I do mostly because I love history and fencing) is that even if they lost all of their financial value, they would still retain the intristic usefulness of being pointy and sharp chunks of metal.
My bitcoin is doing pretty good
watch some youtube documentaries about how Bitcoin is a well-documented scam
I appreciate this video! I always told my peers that yes luxury watches are nice but I wouldn't buy them just because they are investments. All the watches I own or wish to own are one's I want to wear. My alternative investment move is International Trade & Development.
This is the earliest ive ever gotten here and i just noticed 5 mins after clicking 😂
8:42-Ironic!
The thing that gained popularity by being decentralized will actually increase in value by becoming more centralized.
Your videos have been truly impressive! As one of your regular viewers, I've been following your content closely for a while now. I'm very interested in making an investment, but I’m still having trouble identifying the right opportunity to fully commit to. I would greatly appreciate any guidance or suggestions you might have in this area.
As a beginner investor, having a mentor to hold you accountable is crucial. Personally, I’m guided by Gregory Leo Cattel, a well-known stock
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I just Googled his name and his website came up right away. It looks interesting so far. I sent him an email and i hope he responds soon.
I wonder if hand bags have a trade in program or buy back programs like luxury car brands do. Could that be a reason why they think its a good idea. I can see these kinds of situations only really favoring celebrities not average folk.
0:024 Caleb Hammer just rofl'd
Shout out to my boy “Gen Z Quant”. A true financial genius who understands markets at such a high level.
The term finance bros use isn't "life-changing", it's "wife-changing"
Wasting all your money on luxury goods sure is wife changing all right, when you go broke and she leaves with the kids.
I always thought watch collecting was a pretty wild thing to do, but at least the collectors love the watches and the designs. Buying one just for an investment is next level wildness to me. Guess this is why I’m not rich!
thankfully for me, i grew up in a hicktown and value every single penny i make
as i take a loan out on a brand new diesel truck
Ridge Wallet 47% 🇺🇸
What happens to the economy if people actually learn how money works?
Short-term chaos as a lot of hucksters get ruined, followed by long term stability and steady growth as money prudently follows the best long-term solution.
Plus improvements in education and infrastructure as the real estate market no longer incentivizes speculation and instead encourages something like the neighborhood I grew up in, where of the 10 families living in the neighborhood on the day I was born in 1977, 8 still lived in the same house on the day I graduated from high school in 1995 (and of the remaining 2, one family moved into the house in 1980 and another in 1987.)
the same thing that happened in russia in 1917.
Simply have interest rates at 4 points higher than REAL INFLATION.....say 20%. Then you can simply leave it in a savings account! You know, like in the good old days.
Are Lego sets a bad investment?
Mine have out performed the S&P by 3x. But I forgot about them. Bought 4-5 technic sets then got busy with work and they were boxed up for a decade. The right sets improve a lot.
Depends. If you are, like me, in the market for lego for years upon years and have extensively studied the brand and the trends in it, it is not. However, if you just want to start, I would not do that.
No. cool ass toys will be priceless in the post-apocalyptic wasteland. invest now. This is financial advice
@@brcfrmn01 ok, the bonds and stocks will be as well, as well as probably bitcoin which only leaves me with gold, silver and platinum.
Really have suspected that it was too good to be true. Now it really is and with these sad, bad and dangerous times now this thing only is increasing. Have to beware of things like this now.
Thanks to a family friend who was an authorized dealer we got 40% off our Rolex watches 30 years ago when they were not stupid expensive.
Im a historian. I collect a variety of non unique antiques and either restore them or not depending on market desire then sell them. With out a doubt stone age arrow heads are my best seller but worst profit margin. Antique fire arms are my highest profit point but the most labourious work. My favorite are swords. Swords have a massively inflated value because of media and shit. Yet there are still sabers in the hills around Gettysburg national park that you can dig up legally, keep, restore or not, and sell for thousads of dollars. Historical artifacts are very much a what is it worth to you vs was is it worth intrinsically kind thing. The real trick is aquisition. The more you can find on your own the better. Yard and eatate sales can be good as well. Never try auction houses or other collectors just no value
Italian prosecutors doing an investigation found Dior bags selling for $2800 cost Dior $57.00.
😂😂😂 Oh, talk about preaching to the choir; people who saw designers as worthless have been saying this for years. Dior must have gotten on bad terms with the Italian government unless why didn’t they investigate a long time ago until now
The greatest value-add in manufacturing is convincing rich dimwits your product is premium when it's just as cheaply made as anything else.
1 view in 11 seconds bro fell off
fell off what?
@@HowMoneyWorksit's a joke
993 views in 5 minutes. nah he did not
@@HowMoneyWorks deez
Be original
There are so many scam classes online so I feel like I have no way to even learn this stuff, like stocks, trading, options, what not