Topic: Luxury items stock will be good way to go - page 2. (Read 831 times)

Buying a car is not a luxury investment which is not profitable because the country sets very high taxes for new cars and other vehicles compared to the base price in the car production country, you have to pay usage and maintenance costs, when you sell the car there is a high risk of loss even though the car has been used a year, unless you collect classic cars under 1990 but the car is still well maintained and has an attractive exterior/interior, collectors will buy at high prices.

But diamonds are a good choice for a collection of profitable items. These items can support a luxurious appearance when you appear in public spaces, but all decisions depend on each individual to buy profitable items in the future, prioritize items that are your hobby so that you will pay attention and taking care of the item because you like the item, even without the intention of selling the item for profit.

Investing in luxury goods such as cars is quite risky, even though the number of cars we buy is very limited. Because you can imagine there are so many car companies that every year each company releases its newest car. That's where competition arises, and usually the prices of cars released in the previous year can drop drastically.

and it is true that when talking about luxury car maintenance, the maintenance costs that must be paid are quite fantastic. Not to mention the taxes are quite high. So what you say is true, that before we decide to invest in luxury goods such as cars, please think again carefully.

and as for those who invest in luxury cars, I think if it weren't for their hobby, maybe they would never decide to buy a luxury car and invest in it, because this is really risky.

You drop a hundred grand on a Bugatti, it loses ten the second you drive it off the lot. It's a toy, not a nest egg. Diamonds? Sure, they sparkle, but the market's a fickle mistress. Don't get blinded by the bling. The true flex is financial peace of mind. That allows you to spend on experiences, on people. You know, the things that actually matter. I'm not saying don't buy nice stuff. But for god's sake, be smart about it. Don't invest in depreciating junk. Invest in yourself, in your community. That's the kind of return that lasts

I really agree with your thoughts. It's true that buying a luxury car for the long term doesn't make the item increase in value, in fact the more it goes down the price goes down and the more money you lose because the value goes down. It seems like you need to consider it when buying it, it's different from buying diamonds because I think diamonds the market price is very good and tends to increase every year to invest in luxury goods in it and it is a very appropriate choice even though the price is very expensive, however we must first understand that the luxury goods we buy do not necessarily bring profit and require broader thinking by examining first.

That's right, the price of every luxury car will of course decrease in price as time goes by and also because there will always be new releases of this type of luxury car and I agree with you that the cost of maintaining a luxury car is very large and if we don't have a lot of wealth it certainly isn't the right choice to own a luxury car.

Every type of item that is difficult to find will of course be very valuable and diamonds are very valuable, but if we want to benefit from luxury items that we must have, it would be better if we had a house and could rent it out and of course this will not be in vain after buying it.

This depends on what luxury goods you buy which are not profitable. If you buy a car, of course the price of every luxury or ordinary car always decreases in price every year and there are also costs you have to pay, for example maintenance and insurance costs, tax costs. you have to pay to the local government. Of course, this cost is not small and you have to comply with the regulations of the country where you live. Usually, in my opinion, priceless items are diamonds because this item is definitely a rare type and the type of manufacture can be categorized as having unusual precision. So in my opinion, buy something that you can get feedback on so you don't waste the money you spend

Besides the demand for luxury items is different, for example art, specifically paintings, are luxury items and they will always be popular as they are a very portable form of wealth, as someone that is incredibly rich can buy one for millions of dollars and move all that money surreptitiously whenever they want and resell it for a higher price, as another rich person wants to do exactly the same, however things like bags or cars do not have this capacity, and as such under that scenario they will not be on high demand.

There is a grain of sense in what you're saying and it's part of what stock market traders will often try to do. When you're deep in the midst of a recession these luxury goods manufacturers will be suffering the most, because even the richest are not immune to recession and are looking to conserve their money, plus the segment of society that stretch or borrow far beyond their means to buy these items will evaporate. So that (like most stocks) is the best time to buy into these companies as they will often soar way higher when you start to pull out of recession. Besides that, the items that they actually sell are often greatly overpriced and often become celebrity vanity purchases.

Is there any market that does not require knowledge and analysis if we want to profit from it? Before starting a business or investing in any field, we not only need to have knowledge but also need to analyze whether that field is really suitable for us or not.

The luxury goods business has very potential and is even very profitable, but in addition to capital and knowledge, we need to have relationships with rich people. Large capital will not be an advantage but the first necessary condition for you to start a luxury goods business, and knowledge is indispensable in any field. But in this field, finding customers is extremely difficult and relationships are the key factor, so I think it's not as easy as we think. That's why we can see that there are not too many people doing this business model except the upper class.

In my opinion, it's fine if you want to invest in luxury goods, but you have to remember that not necessarily luxury goods will always be profitable, there are times when the goods are priceless, and be careful when buying luxury goods, don't let them be lured, but instead we end up wanting them. cheated by irresponsible people, study the price charts for these goods so that we are not easily lied to and fooled by other people, we have to buy things a lot, because when we need money in the near future it is not easy to sell These items have to take a long time, because not everyone wants to buy these items at a high price, everyone has their own benchmarks so be careful when investing in luxury goods.

Bro, every market goes up and down and people make Money and here are many people who lose money by investing in luxury things. So before investing in luxury things,you should study the technical analysis and you should  focus on market either it is going up or down. If you invest your money with great analysis and great study of graphs ,you can be successful by investing in luxury thing. Avoid investment in luxury things if you have no knowledge and you are talking step due to  only opinion of your friends. I is dangerous for any person who is investing his money.

That is not necessarily true because during a recession not everyone will have economic difficulties, there will be people with good business ideas who can still make money and even become rich. Like the Covid pandemic when the entire world economy fell into crisis, everyone was unemployed and had no income. But some of my friends took the risk of opening a company that produces masks and hand sanitizer, they have made a lot of money during the pandemic while we are sitting at home waiting for subsidies from the government.

Economic recession, inflation, and crisis only cause difficulties for low- and middle-income people, while the upper class is hardly affected too much.

Take iPhone as an example, iPhone 14 and 15 sales always reach record sales, demand is always high despite the world economy being very unstable in the past 3 years. That clearly shows that there are always people making good money even in an economy where many people still struggle to make ends meet on a daily basis.

Yes, of course it requires a lot of capital to be able to invest in luxury goods and also to maintain them it also requires high costs. Of course this will be very difficult for us if we don't have a lot of funds to be able to keep these goods at a high price, because if we If you don't have sufficient funds for maintenance costs, of course the item cannot be sold at a high price.
Currently investing in Bitcoin will certainly be very profitable compared to investing in luxury goods which require quite a lot of money to maintain.

As far as I know, someone buys luxury goods such as cars or yachts because they tend to have a better price than regular vehicles, when resold, regardless of the brand you buy. Even in some cases, luxury cars and yachts have a higher selling price than before, over time. Because both have special features that not all vehicles have. In addition, the production process is done by hand and involves highly qualified technicians. However, keep in mind, although the price of these vehicles does not fall too much on the market, proper maintenance also plays an important role in the value of the vehicle you have. It may be natural that many people buy luxury cars and yachts but rarely use them or just for display.

Luxury resorts and hotels are clearly a good choice because people will always need them, there will be operational income and property values will always increase. This investment can be an alternative investment diversification for wealthy people who may have invested in other areas such as stocks, bonds, or other real estate. In this case, luxury resorts and hotels are an attractive choice because they can provide diversity in their investment portfolio, so that if one instrument experiences a decrease in value, investment in hotels can still provide stable returns.

Yes this true fact luxury item is very risky mostly a hotel as certain environmental changes can influence and course losses just as the so called recession or pandemic where people hardly go it luxury home or even hide to get in contact with people in public place, it can be cheaper to afford in a period of the so called recession and pandemic which is true but certain luxury items need certain period to generate good income assuming you buy a luxury items like building in period of recession or pandemic which lasted for some years the low turn out of people coming in can render you loss as the hotel will need some maintenance at the end of the year in addition to the money you have not recover.

Secondly incident like war you realize that such investment may also facing similar challenge of low turn of people coming in  apart from that if it's located in the are of war the possibility of the structure not being level down by weapon is under 50-50 but in BTC no matter what happens within the environment your covered as every nation can't be at the same level of growth as different investor is involved in Bitcoin you have assurance of you investment yielding for you even where your nation is at war it even pay higher when your holding for long term in Bitcoin.

You do realize that liquidity would be scarce if you try to get rid of them quickly. And you would sometimes need to list them for ages to get premium price. Consumer base for those is smaller then other things and if you wanted cash quickly you would most likely need to sell them with huge loss, as people wouldn't necessarily be interested of them at that time without huge discount. And rich people aren't some sort of monolith with their taste. They collect different kinds of luxuries, and your popular luxury now might be niche market in the future.

So why wouldn't you just buy stocks or commodities instead, from an exchange with huge liquidity. Why is it important to own something physical luxury? Just the cost for maintaining and protecting them would set you back so much, that it doesn't seem you thought this though at all.

The price fluctuations of luxury goods depend on demand and rare items, but you have to join the billionaire economic club because they will buy at high prices when they want even though sometimes considering the risk, they want to buy luxury goods just to show off or just as a hobby, but Some billionaires certainly invest in luxury goods.

However, price fluctuations are not the only risk of investing in luxury goods, but there are many other risks that must be considered before deciding to invest in luxury goods, including buyer interest depending on changes in trends and lifestyles, maintenance costs are very high, make sure the goods are genuine with a purchase invoice or sometimes there are special certificates for luxury goods.

Avoid influencers promising "easy money" with luxury investments. This game's hidden costs aren't disclosed. Maintenance is serious. Fancy cars need fancy garages, mechanics, and insurance. If you can't afford top-notch protection to keep your diamond-studded watch safe, don't wear it

Next, the market. Fickle as heck. Hot news now may be old news tomorrow. What a select set of collectors believes is cool determines the value of these objects. I promise, their tastes vary faster than the weather

So, the takeaway? Luxury things and Bitcoin aren't guaranteed ways to get rich fast. Both have hazards and demand understanding and dedication that most people don't grasp. The key is balance. If you have the money and are willing to research, luxury investments or Bitcoin may be a good fit. As a bet, it's not guaranteed

Investing in luxury goods involves risks, as with every investment. It is not easy to both compete in the luxury goods market and sell luxury goods as a reliable seller. Capital is required to purchase such goods, and putting your capital into a risky market is not something everyone can do.

I don't know how price fluctuation happens in luxury goods. If there are fluctuations in price, you may lose money on the luxury goods you purchased. No one doing business wants such an outcome.

Investing in luxury goods requires large capital and you have to make sure you buy limited production items so that other rich people hunt for the item and you can sell at high prices to rich collectors, but not everyone is lucky to compete in purchasing limited edition items because other people have registered several purchase lists with different register names to obtain investment goods. But investing in luxury goods is also high risk and requires high costs for maintaining the goods, if you choose to invest in jewelry, bags, rare cars and other items. Other risks include fluctuation and low liquidity depending on market demand and collector desires.

I prefer investing in bitcoin rather than investing in luxury goods, the profit from investing in bitcoin will never be in any investment, you just have to hold it in your wallet until you reach the profit you have planned.