Bigcitytiger (OP)
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May 20, 2024, 02:35:34 PM |
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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.
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Faisal2202
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May 20, 2024, 04:54:13 PM |
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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.
Your view is very considerable, I was also had the same thought a few days ago when I watched a lecture on Shopify where peoplele sell there own products and even do dropshipping. I came to realize that, even if a person who have not money (depends on parent's money) or have no source of income (student), still saving funds to buy new t-shirts, new watches, shoes, spending money on lifestyle, instead of spending the money on themselves as in terms of skills. Then I thought of the cause, and came up with the advertisement companies, for example a friend "X" is doing some shopping, how these brands use data to manipulate the mind of X so that he do more shopping, they show him cool ads, relevant to his likeness, and onces he saw too many he made up his mind to buy. So in this era, no only rich people are buying luxury brands, poor or mediocre are also buying products (unnecessary). So overall, 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.
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Bigcitytiger (OP)
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May 20, 2024, 06:27:57 PM |
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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.
Your view is very considerable, I was also had the same thought a few days ago when I watched a lecture on Shopify where peoplele sell there own products and even do dropshipping. I came to realize that, even if a person who have not money (depends on parent's money) or have no source of income (student), still saving funds to buy new t-shirts, new watches, shoes, spending money on lifestyle, instead of spending the money on themselves as in terms of skills. Then I thought of the cause, and came up with the advertisement companies, for example a friend "X" is doing some shopping, how these brands use data to manipulate the mind of X so that he do more shopping, they show him cool ads, relevant to his likeness, and onces he saw too many he made up his mind to buy. So in this era, no only rich people are buying luxury brands, poor or mediocre are also buying products (unnecessary). So overall, 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. Yes even not so rich spend time for luxury brands what more you can even rent or buy now pay later (allmost like mortgage style or car leasing finance style ) But off course natural resources like oil gaz...you know those companies can come and go and different political geopolitical situation can change situation like 10 years ago i was thinking about to invest russian stock markets or company shares now Im happy i don't do that. But why have stress and fight over wealth let the others fight with each other but no matter who's winner they all will buy luxury goods that's the final destination of money from oil tycoons or other tycoons for example emirates Dubai the second place it's food but aswell stocks related with food could be not sure since we live in the world where always fight over resources and commodities i don't want to invest in unreliable unsure things. So the final destination will be Luxury goods and it doesnt matter If the buyer are from asia middle east or from Western countries. If we look at the final destination of money it's france italy as one of the biggest fashion and luxury brand sellers. Im sure many people don't look the investment that way often since everybody looking the oil and real estate. I would say oil and commodities and even real estate could be a lot more uncertain and can not pleasent surprises.
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Fortify
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May 20, 2024, 06:30:09 PM |
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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.
This is really bad advice and is not reflective of what actually happens in a recession. Nobody is immune in a recession and the rich also choose to tighten their belts at the same time because there is a lot of fear circulating through the economy when it occurs. The rich see their stock market investments plummet and are susceptible to all the same emotions as the average person. The best time to buy into luxury good manufacturers is when you think the bottom of a recession has been reached and the general stock market climate is becoming more positive again with upward trends. Luxury goods are often just marketing ploys anyway, a logo or brand that celebrities wear which often is the same quality as you find elsewhere.
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Bigcitytiger (OP)
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May 20, 2024, 06:39:06 PM |
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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.
This is really bad advice and is not reflective of what actually happens in a recession. Nobody is immune in a recession and the rich also choose to tighten their belts at the same time because there is a lot of fear circulating through the economy when it occurs. The rich see their stock market investments plummet and are susceptible to all the same emotions as the average person. The best time to buy into luxury good manufacturers is when you think the bottom of a recession has been reached and the general stock market climate is becoming more positive again with upward trends. Luxury goods are often just marketing ploys anyway, a logo or brand that celebrities wear which often is the same quality as you find elsewhere. Money don't just disapeare but will change the hands. If someone lose then someone wins. think how much can bring one corrupted country leader into luxury branding world and his family ? And even some drug cartels ? You see you just Invest and wait the money coming to you without you doing anything much yourself. To be honest i don't know where else so much money coming in let's say there is economic crash so economical activities will be low it's even better because people with money have time for holidays and vacations and they will spend a lot for luxury yachts hotels cars shopping you as normal person cant even imagine how much they can spend just look at the prices in Monaco and you can see that no matter what's the general economic situation we always have still a lot people who will spend huge amount just for Luxury.
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Die_empty
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May 20, 2024, 09:22:13 PM |
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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.
From the economic dynamics of the world, it is obvious to all that they greater the number of the poor the higher the riches of the elites. The middle class is in society is gradually disappearing because of the widening gap between the rich and poor. The report of the King of Swaziland buying 19 Rolls-Royce for his wives and 120 BMWs for his children and other family members is a testimony of what op is saying. King Mswati III also owns two private jets and a fleet of cars which includes luxury cars like BMW X6, Maybach 62, Rolls Royce, and about 20 Mercedes Benz S600 Pullman. Yet Swaziland is one of the poorest countries in the world. The reason why these luxury or expensive brands are still doing well in the market is because they are making profits. Some people are making enough money to spend on luxury. While some people don't know where their next meal will come from.
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electronicash
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May 20, 2024, 09:38:03 PM |
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there are only a few people who make money these days. probably the inside traders. and the kings like whats mentioned above.
only the rich people are buying that stuff nowadays. but its surprising to see them buy these items when they know prices depreciate after a few years. these are spenders but the people who are looking into the future i think will not buy them. do they think it's an investment?
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iv4n
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May 20, 2024, 09:41:32 PM |
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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...
And how much money do you need to invest in a luxury brand? Give me an example of what you are writing about, what kind of luxury brand would you invest in right now? I believe most people on the forum believe in crypto more than luxuries... and most of us would rather choose crypto over anything else. One of the good things about crypto is that there is no minimum investment, anyone can start with some minimum investment amounts. And that's probably less important than the fact that real crypto investments can bring big returns, in a short time. So people who are already very rich will look for luxury items just to diversify their portfolio, but those who want to get rich will try to find their luck in crypto.
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blckhawk
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May 21, 2024, 01:40:30 AM |
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That's because there's a conspiracy behind it, that they're not really lowering prices and that inflation isn't real, they will never make luxury items go down in prices just because the people are suffering from the economic turmoils that are happening, they sell luxury to the people that can afford it anyway and if the poor people can't buy it, that's usually their fault, I mean why buy something that you know will make you go broke? I don't think that's ever going to be any outside problem, it's a you problem, you care more about your appearance than your finances then you'd suffer.
It's difficult to also go for investment in luxury brand though, you're going to need to wait for awhile for the price to go up and not all luxury items really go up in price, you need to hunt the ones that are exclusive or limited edition to really get that bang for your buck kind of deal if you invest in them.
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btc78
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May 21, 2024, 01:44:55 AM |
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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 definitely one of the few things that are not affected by economic recession. That’s because only a few percentage of people can actually afford these things and even with economic recession, these small pool of people still can afford to buy these things. Even in an economic decline, they will still buy luxury items which in the eyes of the poor is such an exclusivity they want to be a part of. 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.
Poor people will try and get rich just to buy these luxury items as it often is the symbol of wealth so they feel like once they buy some of the brands you mentioned,they have reached peak life.
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Bigcitytiger (OP)
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May 21, 2024, 11:08:44 AM |
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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...
And how much money do you need to invest in a luxury brand? Give me an example of what you are writing about, what kind of luxury brand would you invest in right now? I believe most people on the forum believe in crypto more than luxuries... and most of us would rather choose crypto over anything else. One of the good things about crypto is that there is no minimum investment, anyone can start with some minimum investment amounts. And that's probably less important than the fact that real crypto investments can bring big returns, in a short time. So people who are already very rich will look for luxury items just to diversify their portfolio, but those who want to get rich will try to find their luck in crypto. Hermes, Christian Dior, LVMH, Kering, Estee Lauder and Richemont those are well performing stocks shares.
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Richbased
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May 21, 2024, 12:33:09 PM |
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From the economic dynamics of the world, it is obvious to all that they greater the number of the poor the higher the riches of the elites. The middle class is in society is gradually disappearing because of the widening gap between the rich and poor.
You are right actually, the Rich increases in wealth each day while the poor continues to increase in their numbers reason being that the Rich always go for the best as in most cases takes opportunity given to the poor as theirs and just like you said there may be nothing like middle class because of the greed of rich ones in the society as they want all to themselves and always subject the poor to eat from their remnant. Imagine a case where an international scholarship was awarded to indigenes in my place by an oil/gas company and the scholarship was to be awarded based on examination screening and the son of poor man came out first in the examination only for the organizers of the examination to overturn the result and they gave the scholarship to the son of a big man at my place, what an unfair manipulation on the poor man's child and the rich man used his influence and money to rob this man's child of what belonged to him by merit. Now, is it that the rich man can't afford to sponsor his child/children abroad? He has the money to do that but just to undue the poor man so that is the society we find ourselves where the rich gets richer and the poor ones are struggling for survival, what a world and it isn't even that this poor people in the society and not lettered or hardworking but just due to unfair treatment and intimidation by the rich makes it looks the poor ain't trying their possible best to get out of poverty.
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Bigcitytiger (OP)
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May 21, 2024, 12:59:32 PM |
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From the economic dynamics of the world, it is obvious to all that they greater the number of the poor the higher the riches of the elites. The middle class is in society is gradually disappearing because of the widening gap between the rich and poor.
You are right actually, the Rich increases in wealth each day while the poor continues to increase in their numbers reason being that the Rich always go for the best as in most cases takes opportunity given to the poor as theirs and just like you said there may be nothing like middle class because of the greed of rich ones in the society as they want all to themselves and always subject the poor to eat from their remnant. Imagine a case where an international scholarship was awarded to indigenes in my place by an oil/gas company and the scholarship was to be awarded based on examination screening and the son of poor man came out first in the examination only for the organizers of the examination to overturn the result and they gave the scholarship to the son of a big man at my place, what an unfair manipulation on the poor man's child and the rich man used his influence and money to rob this man's child of what belonged to him by merit. Now, is it that the rich man can't afford to sponsor his child/children abroad? He has the money to do that but just to undue the poor man so that is the society we find ourselves where the rich gets richer and the poor ones are struggling for survival, what a world and it isn't even that this poor people in the society and not lettered or hardworking but just due to unfair treatment and intimidation by the rich makes it looks the poor ain't trying their possible best to get out of poverty. You want money ? Okay then you have to be bigger yourself then the money amount you want if you don't have Job get job first get knowledge and be where is the money follow to money think about rich people activities. But no matter from who the money always will flow into Luxury life sector that's the end point of money the final destination so i will be there to collect this money this way let the others do the dirty work i'll just collect profit While Im busy myself to enjoy life not chasing money like fool. Rich is like club you can't be rich and live in bad neighobrhood you can't be rich and spending time with losers ...you meet with people to discuss about new ideas and opportunities in your free time it's not like you just chill with losers and hope to improve your life. Poor people don't Understood that life is short don't saate it , rich Understood value of time you either enjoy fullest your time or you learn improve to develope yourself that's how you use your time. Depends who you want to be ...If you just want to be Average Joe who got little bit more wealth them others that's okay but If you want live seriously quality life and enjoy the finest things in your life then you have adapt all the qualities what the rich people have and biggest quality is how you spend your time.
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tsaroz
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May 21, 2024, 01:57:45 PM |
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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.
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X-ray
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May 21, 2024, 02:36:12 PM |
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these luxury brands making profit off ego of the rich I think this is the entire business scheme of a luxury brands thats why they always become final destination for the rich people's money where they don't think about buying basic food anymore since they can just buy as much as they want but also to feed their ego through buying luxurious goods. its pretty promising business but only very few brands could pull it off, as a proof so many of these luxurious brands owner become the richest, meaning they are making some serious money here almost as good as those developing technology. like as you said investing in it will be a really good option as well for an investment. as far as I know, the value of these luxury brands are always increasing as the days goes because people instantly consider whatever these brands are releasing as antique probably because limited stock that deliberately being set by the brand to make it somehow looks rare in the eyes of people.
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mamesso
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May 21, 2024, 04:14:09 PM |
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Your expression is too high, I don't know how rich you are now, but I also need proof here what you have invested in these luxury goods. Everyone certainly wants to have something to be proud of, such as luxury cars with their various types or other objects that are not often found on the market. But you have to be realistic with the funds you have, don't ever hope to be able to touch the moon with your hands because that is a dream that is difficult to come true. Invest what you can afford and choose a place of investment that is immune to recession, Bitcoin now will give you multiple profits in the future instead of buying luxury goods that take a long time to resell.
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target
Legendary
Offline
Activity: 2282
Merit: 1041
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May 21, 2024, 04:37:34 PM |
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Luxury cars? Maybe they think they could sell the car in the future when it's gonna be rare, I think they are going to be phased out one day when the EVs take over the industry. Hope they have a place to store these cars.
If I have to invest in tangible items, I think collectible cards or gold will be my preference. Easier to hide and than huge items like yacht , though I;d like to live in one of these one day.
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avikz
Legendary
Offline
Activity: 3262
Merit: 1531
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May 21, 2024, 04:42:55 PM |
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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.
Luxury item buyers are usually recession proof. Billionaires who buy Yatch or Bugatti, do not care about the direction of the market. So if you have hundreds of millions to stock up, give it a try! Otherwise, stop daydreaming! Because Banks usually do not fund businesses of luxury items, at least in my country. Rather do business on such things which consumers need on a daily basis. Like packaged food or other consumer goods. The margin is thin but the customer base is considerably high.
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0t3p0t
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May 21, 2024, 06:26:47 PM |
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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.
Most of those luxury brands are just liabilities and I won't buy them when it's prices will plummet instead I'll take real estate, precious metals and crypto. Though this is all about personal preferences but yeah we should invest in something that might help us during crisis. If my Ferrari could help me during that time then it's worth the buy if not then why would I?
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Reatim
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May 21, 2024, 07:58:23 PM |
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People usually say that luxury items are a no-go since they are basically useless. I would like to think about them as investments as well. Especially the special edition ones where they are rare and only a few in the world owns them.
When you have gone broke, you can sell these items. Surely someone will buy it. Some of these luxury products can be the ugliest thing you’d see in your life and someone will still buy it. It’s just the logo, the name, the brand they all want.
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