Luxury items stock will be good way to go - page 3.

Faisal2202

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Quote from: darewaller on May 24, 2024, 10:19:25 AM

This must be a modern thinking that I have developed from bitcoin ecosystem and Satoshi Nakamotto: when you hate inflation, create your own money. This way, I cannot afford buying a tesla car but I own tesla shares. Yes, I also agree with OP.

You are right, why act like a stubborn kid, and buy something that comes with a lot of liabilities, while we can still buy their shares and can make money, once we make enough money we will also do the same as rich are doing, buy new tesla. This is a cycle that I think repeats from time to time, generation to generation. BTC and Satoshi's developments have made us realize the potential of investing.

TBH if it's not BTC, then I don't think I would be thinking of investing my money, even if I would be doing a job, either I will save my savings in fiat in some banks or I will buy some things with liabilities. But due to BTC I get into investing, and now I realize the potential of investing and trading as well.

boty

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Quote from: kryptqnick on May 24, 2024, 11:41:09 PM

I think investing in luxury stuff is very risky and quite inaccessible for most. In terms of risk, a recession means that a lot of people are struggling to even cover their basic needs, let alone buy luxury items or stay at luxurious resorts. So there's a good chance you purchase something very expensive but then there's low liquidity and you can't even sell it at a reasonable price. In terms of affordability, luxury stuff requires having enough to actually buy it, which puts a high threshold on this investment. That means you really have to commit to it and can't take it slow, which makes Bitcoin a better option.

I agree with you, this is very risky and only a small number of people want these goods and it is very unlikely that those who have difficulty meeting their needs want these luxury goods and it takes a large income to be able to buy these luxury goods and we can buy them after we can meet the needs we need and making Bitcoin an investment I think will be better than choosing to invest in luxury goods that we ourselves will have difficulty selling to be able to meet our needs.

dothebeats

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If you really want to save for the rainy days or make sure that you are not losing value on your money, buy art pieces and store them accordingly. These luxury items and their respective stocks fluctuate, and most of the luxury items you speak of depreciate in value after a couple of years unless you really buy those that are limited edition.

There are other things out there that make a good investment which are more accessible compared to other investments out there. One good example are precious metals. In this day and age, it isn't hard to buy jewelries made of gold and silver to stockpile - just make sure to buy from reputable sources though for you to not get scammed.

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Quote from: Bigcitytiger on May 20, 2024, 09:35:34 AM

I think Luxury items brands cucci Ferrari or some yacht companies Luxury resorts and hotels.
and even in recression those things always on high demand and when we look at geopolitical situation all over the world by all those issues at the end more and more wealth will go to hands who will consume luxury goods.
It's like bank robbery lol...let them rob bank and i'll get some % asweell without doing anything because the money end destination will be luxury brands:)
More poverty might mean that a lot money for few and it's good for luxury brands life is short off course they want taste touch and feel all the finest things in the world.

The ones that you listed here are nothing but dog water. These are not the luxury items you should be owning if you want to remain in your current financial standing. Gucci bags depreciate faster than your high school crush's sex appeal soon as she steps into college, cars fall in the same batch. You could make a statement when it comes to yachts but their maintenance outweighs the money you will get from owning and holding them, add to this the fact that these fuckers cost you money for gas and oil as well. Only thing that you could really make money out of with the things you listed is hotels and resorts, and this is only because they are real estate, which I also would call you out cause why the fuck would you spend a million dollars in a single RE property just so you could flaunt your cash, when you can diversify and buy rental houses from different locations instead?

Only luxury items you should buy to secure the value of your money is silver and gold, and don't buy necklaces or jewelries with stones either cause soon as those stones are cut and placed on your bracelets, they don't mean shit. Buy ingots and bars of gold and silver, that's where the money's at.

Huppercase

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Quote from: Bigcitytiger on May 20, 2024, 09:35:34 AM

I think Luxury items brands cucci Ferrari or some yacht companies Luxury resorts and hotels.
and even in recression those things always on high demand and when we look at geopolitical situation all over the world by all those issues at the end more and more wealth will go to hands who will consume luxury goods.

Wait a minute! Grin

Do people actually still care about Gucci and Fendi stuff? I remember back in campus when Gucci, Versace, Fendi things were the next thing with big boys, these things were used to rate big class from the average class back then and the funny thing is that I envy them that time and I wish I had some for myself too but with time after graduation and see the outside wall of school, I knew there is more too life than luxurious and expensive items because of names. These materials things are just shit show for wasting money and are bad financial mistakes.

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It's like bank robbery lol...let them rob bank and i'll get some % asweell without doing anything because the money end destination will be luxury brands:)
More poverty might mean that a lot money for few and it's good for luxury brands life is short off course they want taste touch and feel all the finest things in the world.

People that invest in most of this things don't know about what investment is about and perhaps the got lucky with wealth, like it's possible for someone to invest into something and then make high profits and then spend it anyhow because the process was easy for them.

One thing people don't understand is that their alternatives to most of these hype materials but because of show off and wealth display, they just want to spend money recklessly without understanding if tomorrow will be the same or not.

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Although investments are said to be a counter to the economic issues like recession, I still think that the demand for them will be affected negatively because that is the time where people are struggling financially. The word consume seems different from investing. When you say consume I think it's the same as eating on a restaurant.

Even though you feel full and happy for a while, it is still not the same as investing in which you can grow your money over time. I'm not saying that we should not treat our selves anymore, we still can but there should be a limitation to it. No this is not like a bank robbery. That's a crazy example lol. I see nothing illegal on this process but except if they literally do illegal stuff like money laundering, stealing, etc...

adaseb

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In a recession, luxury items that you listed still go down in value. People lost their businesses and many of those possessions like Ferraris are all on credit and they are the first to go when money is tight.

I watched a documentary how someone spent like $20K on some wheels and tires for a Lamborghini. The car was worth more than that and later they defaulted on the loan and the car barely fetched enough money to even cover the price of those wheels and tires. Nobody had money back then and no credit.

So luxury items were still affected.

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I think investing in luxury stuff is very risky and quite inaccessible for most. In terms of risk, a recession means that a lot of people are struggling to even cover their basic needs, let alone buy luxury items or stay at luxurious resorts. So there's a good chance you purchase something very expensive but then there's low liquidity and you can't even sell it at a reasonable price. In terms of affordability, luxury stuff requires having enough to actually buy it, which puts a high threshold on this investment. That means you really have to commit to it and can't take it slow, which makes Bitcoin a better option.

peter0425

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Quote from: goaldigger on May 24, 2024, 04:58:13 PM

I believe every company will be affected by the economic recession and their future will depend on how they will deal with it and for sure, even if they suffered rich people will have their back and still buy their products simply because they already established their brand in the market.

During the pandemic no one was really making cars for the sole reason that no one was buying them.

There was really no need for anyone to buy new cars at that time when they could barely go out safely. There was nowhere else to go to as well. Everything was restricted and people were forced to stay at their own houses. After everything went back to normal, brands began to bounce back as everyone was looking for luxury items to buy once again.

Companies may not always have constant influx of profit but they surely can recover afterwards.

STT

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This is the opposite of the truth, demand for luxury goods is not always good in fact the market can collapse so disastrously it can put all but the most well capitalized companies out of business for good. Its an unnecessary commodity, its an ice drink on a cold day and your costs remain the same as demand and price falls.

Most genuine reference I can easily post is Exters triangle which is the general description of the economy made decades ago. Secure capital favors not luxury goods but essentials that continue on as a market regardless, though still affected no doubt.

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Everyone will view this differently on where to place an asset but its a fair idea that prices can halve for some items of no base worth for most of the population during times of retraction vs the normal monetary expansion we've become used to.

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Quote from: tsaroz on May 21, 2024, 08:57:45 AM

Quote from: Bigcitytiger on May 20, 2024, 09:35:34 AM

I think Luxury items brands cucci Ferrari or some yacht companies Luxury resorts and hotels.
and even in recression those things always on high demand and when we look at geopolitical situation all over the world by all those issues at the end more and more wealth will go to hands who will consume luxury goods.
It's like bank robbery lol...let them rob bank and i'll get some % asweell without doing anything because the money end destination will be luxury brands:)
More poverty might mean that a lot money for few and it's good for luxury brands life is short off course they want taste touch and feel all the finest things in the world.

Anything that can be easily created or copied would never be valuable. Some people at some point might spend a crazy money on a designer bag but for most of the people, it would be just another bag. The thing that would keep appreciating in price would be those things that are limited in quantity, can't be created or copied and are accepted worldwide without even the brokerage of an authority. It's precious metal like gold. Bitcoin comes close but it also has the limitation of being confirmed on internet and can be verified and seen on an electronic device. Gold on the other hand, any practiced person can determine the purity with or without the use of chemicals or electronic device.

Your wrong here! Cars and other luxurious things have different brands and should i say copied. But they are still gaining value as new ones are coming into existence everyday. The things is the luxurious items will not stop because everyday they are making new ones to beat the old ones while people who loves luxurious things would get prepared to buy them. Value could be given to anything even if they large number of it or they are limited in supply. The land population in the world is much yet we pay so much money to afford landed properties. What causes limited supply is because of the high demand.

When there is so much population and people who can afford all these assets but not everyone can get it unless they have more than enough to buy them. As time goes by Gold and other essential stones will be in high demand and only the richest can get even a fraction of it on their jewelries.

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Quote from: nngella on May 24, 2024, 11:48:05 AM

In economics, you can define luxury goods as a good for which demand increases more than proportionally as income rises. In other words, as people become wealthier, they will buy more and more of the luxury good.

In economy depression, since the income of people become lower, then you cannot expect people to avail luxury goods but more on basic necessities like food and clothing.

They experienced a little drop during the pandemic but still able to survive as many rich people becomes more active buying those luxury brands and I believe every company will be affected by the economic recession and their future will depend on how they will deal with it and for sure, even if they suffered rich people will have their back and still buy their products simply because they already established their brand in the market.

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Quote from: nngella on May 24, 2024, 11:48:05 AM

In economics, you can define luxury goods as a good for which demand increases more than proportionally as income rises. In other words, as people become wealthier, they will buy more and more of the luxury good.

In economy depression, since the income of people become lower, then you cannot expect people to avail luxury goods but more on basic necessities like food and clothing.

In my opinion, this really depends on each individual's personality, because I have also found that those who have high incomes still use items that are relatively ordinary and it is very rare for these people to look for luxury items that they will use and prefer items that are natural. they buy it and are comfortable when using it and for people with low incomes of course they have to think about their needs first compared to using luxury goods and if those with low incomes force themselves to use luxury goods of course this will put them in financial problems.

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Quote from: Bigcitytiger on May 20, 2024, 09:35:34 AM

It's like bank robbery lol...let them rob bank and i'll get some % asweell without doing anything because the money end destination will be luxury brands:)
More poverty might mean that a lot money for few and it's good for luxury brands life is short off course they want taste touch and feel all the finest things in the world.

You know, I really didn't get where this thread was all going, either your thinking of taking up creating a luxury brand of your own as an investment and put it out there for those that can afford it in the public to patronise you but, luxury isn't always in brands. It could also be in an elusive club with an insane entry fee. Trump has got one and some times, the many members that aboard this is so, they could as well create relations with other well placed persons in the society.

Luxury is a lifestyle, a lifestyle for the few that could afford it and not many of them are criminals. Criminals who tend to pursue luxurious items are often caught as, you end up with an item that is valued more than your estimated worth. It often calls for question and you could end behind bars.

Having to create a luxury brand isn't always an easy to archive goal. Its one that comes with precision in all that you do, the rarity of it and making sure you deliver on quality and stop principles to go by. It being the way to go depends really. Don't forget tax! Well that depends on where your living.

nngella

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In economics, you can define luxury goods as a good for which demand increases more than proportionally as income rises. In other words, as people become wealthier, they will buy more and more of the luxury good.

In economy depression, since the income of people become lower, then you cannot expect people to avail luxury goods but more on basic necessities like food and clothing.

darewaller

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Quote from: Bigcitytiger on May 20, 2024, 09:35:34 AM

More poverty might mean that a lot money for few and it's good for luxury brands life is short off course they want taste touch and feel all the finest things in the world.

The problem with poor is that they do not have enough money to live even a decent life, like I am not talking about Lambos or anything most poor people can't afford to pay their rent and bills that's it. The real problem with middle class is that they can't take risks, you may have a home, either owned or pay the rent, you may pay your bills, you may even go out a day or two every week for drinks at the pub, you may get some takeout, you may get the latest Phillips coffee machine, those are all fine.

But no middle class can quit their job, start a new business and wait until they can make a profit, and even if we assume that they found 100k somewhere and did all that, if they fail then they are going to bankrupt and never recover. Rich can start any business they want and fail, that's their reason to be rich, because if 28 of them fails, 29th may make them even richer.

Quote from: Faisal2202 on May 20, 2024, 11:54:13 AM

money is flowing from top to bottom, but you are right we can also make money by buying the stocked of those products which are being bought by these rich people.

This must be a modern thinking that I have developed from bitcoin ecosystem and Satoshi Nakamotto: when you hate inflation, create your own money. This way, I cannot afford buying a tesla car but I own tesla shares. Yes, I also agree with OP.

kentrolla

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I have experienced 2008 recession and reality is very different than what you have mentioned because everyone right from the highly paid software engineer till local vegetable vendor were affected as the buying power is reduced to great extend and people just limit themselves to basic amenities required for survival and don't look for luxuries I think you need to change your narrative.

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Quote from: Bigcitytiger on May 22, 2024, 04:07:19 AM

Don't forget that russian oil gas money goes into Luxury sector also alot through switzerland brokers and then from there into south france and monaco and to italy you see by owning shares of luxury sector it's like you own shares of russian oil gas companies because a lot russian energy money flows into luxury business.

I'm just general and don't really want to know the true aims and objectives as what I know is that this is considered a diversification step and to protect assets from uncertain market fluctuations.

Quote from: Bigcitytiger on May 22, 2024, 04:07:19 AM

Luxury company shares are good way to own for example globe wealth the people like putin will always make a lot money and look at the putins brands he like to wear italy luxury brand jacket wich not cheap If Putin would be smart instead of doing the dirty work he would be just investing into Luxury sector but it's all good let people like Him work and bring that money into Luxury sector.
That's just one example but there is many more people who work hard and rob others
( so they do the dirty work and bring money to Luxury field )

Of course, investing in luxury goods tends to be profitable because they are able to maintain their value, and If we follow these trends, we also have an inherent risk impact, namely Market Fluctuations due to geopolitical temperature atmosphere where asset confiscation or account freezing will be very possible, let alone there are binding regulations.

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Quote from: Bigcitytiger on May 20, 2024, 09:35:34 AM

I think Luxury items brands cucci Ferrari or some yacht companies Luxury resorts and hotels.
and even in recression those things always on high demand and when we look at geopolitical situation all over the world by all those issues at the end more and more wealth will go to hands who will consume luxury goods.
It's like bank robbery lol...let them rob bank and i'll get some % asweell without doing anything because the money end destination will be luxury brands:)
More poverty might mean that a lot money for few and it's good for luxury brands life is short off course they want taste touch and feel all the finest things in the world.

I agree that the number of millionaires and billionaires around the world is steadily growing(it will grow even if there's a global recession), so the rich people would always want to buy luxury items. However, I don't think that this growth will be huge and the stock prices of the companies producing luxury items won't be facing a major bull run. The best niches for stock investing are AI/microchip industry, green energy companies, electric vehicles and maybe the weapon industry. The luxury markets will stay stable, but they won't be facing major growth anytime soon.
I don't get your reference about bank robbery. Do you really think that all the rich people became rich by stealing money and scamming the people? Maybe your entire forum thread was just trolling. Grin

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We live in a world where most people are just trying to get by from month to month. Luxury goods are for the elite, it doesn’t always make them happy though. Real wealth is wealth of the heart, happiness & having a good family & friends around you. We all end up in the ground, you can’t take your Ferrari or designer wardrobe with you. Obviously it’s nice to be comfortable but being uber rich isn’t the way to be happy.

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