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Hello fishes plz unlock my dm
Have you ever taken a pay cut? Do you regret it?
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Rising Star
Chief
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I invest in wine. It’s a liquid asset. Although I piss most of it away.
I’ve never considered it an investment because it’s my hobby but my magic the gathering collection has continued to go up in value and is definitely worth more than what I’ve put into it.
Black Lotus, definitely a good investment if you can get your hands on them for a good price
Chief
I have a large collection of Beanie Babies and Pogs
Have you gotten them appraised? And what’s your end goal? Retirement or inheritance passed on?
My take:
Investing in anything that’s a hobby for rich people (art, wine, etc) is overall a bad idea. Sure, everyone has a friend who got rich doing it. But if people do it for fun, then the market is by definition irrational. So unless you have some crazy edge in access or knowledge, then you’re not investing, you’re gambling. It might pay off, but it probably won’t.
I think that’s a great attitude to have
I've invested $27 in NFTs and they're already worth over $500k; I plan on retiring early next year.
No
Pro
I have a few Rolexes that I’ve done well with and I get to wear them so that’s an added bonus.
If you can get them at anything near MSRP, that’s great and you should do it all day long. But you won’t be able to, especially at any kind of volume to make this an asset class. You’ll be already paying a 50%+ premium to get a brand new model second hand. Generally speaking you will never lose money on a Rolex, especially a stainless steel sport model. The real challenge as I mentioned is doing this at scale.
Chief
Invest or own? I buy art that I like, not art that I plan to later sell.
Either .. I was primarily interested in investing.
Rising Star
Firearms! Do it for fun and personal hobbies, but there’s very little depreciation if they’re well maintained. Some more niche and exotic pieces can be found well below true market price. I once bought a shotgun for $240 that now sells for over $2k.
Planning to dip my toes into transferable machine guns at the end of this year. They’re a purely appreciating asset that has gone up 5-10x in the past 15 years or so.
Rising Star
I’m in Georgia!
Chief
I buy old cars. Not strictly for investing, but so far I’ve been lucky in that they’re all worth dramatically more than I paid
KPMG 1 what year ranges do you target? How long do you typically hold them before reselling?
Any insights on Managing Director role at Black and Veatch Consulting? Is this a Sr,. Role in practice with sales and P&L responsibilities? Any insight and salary and bonus structure for this role. How’s the culture in the consulting practice . Interviewing next week looking for insight.
Your comment lacks insight.
Chanel bags. They keep appreciating every year
D4, that’s not true. I have a lot of celine, balenciaga, dior, etc. and they don’t appreciate. It’s mainly Hermes and Chanel
I “invest” in rare coins, trading cards, and art. Though they will increase in value, these will be passed down so the value is somewhat irrelevant.
Something you may find interesting - https://www.masterworks.io/?utm_term=art%20investment&utm_campaign=Art-Investing_Invest-In-Art&utm_source=adwords&utm_medium=ppc&hsa_acc=7247874793&hsa_cam=14414461650&hsa_grp=126122543493&hsa_ad=542610929194&hsa_src=g&hsa_tgt=kwd-302716877021&hsa_kw=art%20investment&hsa_mt=e&hsa_net=adwords&hsa_ver=3&gclid=Cj0KCQjw-NaJBhDsARIsAAja6dMqvJT990k4Wjj0UdxgUXbTMqHjdSWikNaEopbhbhHxWsFdXaIKt08aAmX2EALw_wcB
That’s a fairly standard management fee.
I recently started buying NFTs on opensea
Basketball cards
I know someone that invests in guns. They have at least 30 in their home and many others including machine guns located elsewhere in secure locations. Guns are their investment.
More like an insurance policy
Double on the NFTs as I purchased a Cardano SpaceBudz NFT for approx $8 that’s worth mkt price ~$12k.
Missed out on luck of draw bc more rare version of the collection just sold in an auction for $330k
Chanel bags and Cartier and Tiffany jewelry.
So they increase in values? Didn’t know I was missing out
A friend recommended Vincent (withvincent.com) to use regarding alternative investment options and getting into it! Might want to consider looking there ?
I collect rare fountain pens, some are limited editions and use them too, on a daily basis.