With impending inflation rises just about any high end value assets such as cars, watches, Art,opal,books etcBesides stocks, PMs, Cryptos, Real estate, Bonds what else is there to invest in? This thread is created with the intent to see if there is something out there that I do not know about. So overall I would like if you would comment what you are or plan on investing in.
Too late for theseWith impending inflation rises just about any high end value assets such as cars, watches, Art,opal,books etc
George who owns Duttons.
Picked up over 200 Aussies muscle cars at the beginning of the pandemic.
And flipped them for a small margin of $10k-$20k each.
All sold very quickly.
Let's see the flippers try and make a $ of those.
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I agree it's well worth doing but it's not for everyone. There is also a huge failure rate of new businesses that can set you back years or decades, depending how much you lost.
We started our first business with $500. Definitely have to get a feel for things before wagering the entire stack.True. There's lots of reasons why people fail, but the most common one I see is people trying to realise their dreams in the start-up phase. Spending too much money before they've dipped their toes in the water. You learn real quick what your business REALLY needs once you're up an running. Start with the bare minimum and invest back into the business as you go would be my advice.
Many also can't grasp the concept that business is about people. Building relationships is, and always has been, the key to success. Looking after your customers is the best marketing tool available. The extra effort and sacrifices you make to personalise your service and exceed expectations will pay dividends.