Post by maxrakibbd2 on Oct 3, 2023 4:35:24 GMT
I'm looking at a new topic. Investing in luxury cars. Crazy? Possibly yes but certainly also very fun. Carlos Bravo0 In these “I'll give you an idea” posts I made the recommendation to invest in Rolex watches two years ago. I would have liked to follow my own advice since these luxury watches have had an incredible increase. I am not one of those who spends all day with “I wish…” I even see it as a positive thing. It seems I've had a good intuition. This time my intuition tells me the same thing. Luxury cars are a good investment. Not all of them are clear and there are many nuances here. As always, you can find the details on YouTube where there are already people who have been dedicated to this topic for years.
I myself am at a starting point where I Asia Mobile Number List still have to learn a lot. I'm not sure if I'm really going to jump in at some point because I never really planned to get into the topic of cars. I have changed my mind for several reasons. They can be financed with debt : at first glance this is the worst thing you can do. Buy a luxury car that you can't afford (in theory). Half a year ago I would have judged myself like “that guy is throwing his money in the trash.” Now that I know that I can drive a Porsche and make money instead of a Kia Carens that costs me money every month, my way of seeing this issue has changed. It has synergies with other businesses : right now I am setting up the Tesla rental company. The cars haven't arrived yet by the way. In the videos they simply tell you the part of buying, driving for 6-12 months and selling.
In my case, it may make sense to generate an additional flow of money through the rental of these cars, even if it is a very specific thing. As I have said on other occasions about other topics. Before you get here you have to have done your homework very well. Even with financing, buying a 40k+ car (second-hand and depending on the year you can already get cars that are considered luxury) is a risk. If you have not researched the market in detail, it is very likely that you are going to make a lot of money. Then there is the issue of insurance and repairs. This is not a game I would bet money on that I don't have. I myself am not sure if I am really going to take the step. Yes indeed. I'm going to have a good time learning about investing in luxury cars just as I have done or am doing for Pokémon, Rolex, whiskey, real estate, etc. Every crazy person has their own hobby as I like to say... Stay tuned.
I myself am at a starting point where I Asia Mobile Number List still have to learn a lot. I'm not sure if I'm really going to jump in at some point because I never really planned to get into the topic of cars. I have changed my mind for several reasons. They can be financed with debt : at first glance this is the worst thing you can do. Buy a luxury car that you can't afford (in theory). Half a year ago I would have judged myself like “that guy is throwing his money in the trash.” Now that I know that I can drive a Porsche and make money instead of a Kia Carens that costs me money every month, my way of seeing this issue has changed. It has synergies with other businesses : right now I am setting up the Tesla rental company. The cars haven't arrived yet by the way. In the videos they simply tell you the part of buying, driving for 6-12 months and selling.
In my case, it may make sense to generate an additional flow of money through the rental of these cars, even if it is a very specific thing. As I have said on other occasions about other topics. Before you get here you have to have done your homework very well. Even with financing, buying a 40k+ car (second-hand and depending on the year you can already get cars that are considered luxury) is a risk. If you have not researched the market in detail, it is very likely that you are going to make a lot of money. Then there is the issue of insurance and repairs. This is not a game I would bet money on that I don't have. I myself am not sure if I am really going to take the step. Yes indeed. I'm going to have a good time learning about investing in luxury cars just as I have done or am doing for Pokémon, Rolex, whiskey, real estate, etc. Every crazy person has their own hobby as I like to say... Stay tuned.