By this point, regular readers and viewers of TopTenz have surely been made so wealthy by the knowledge we’ve provided that they have some money to save. But no matter how much cash they have available, what they always seem to have more of is investment options. Lucrative options. Safe options. Options that make investors feel like they’re cleverly gaming the system. And in pursuing these investments, many people are rushing into plans that either will, or may soon, make them lose the shirts off their backs.
→Subscribe for new videos every day! https://www.youtube.com/user/toptenznet?sub_confirmation=1
Find more lists at: http://www.toptenz.net
Entertaining and educational top 10 lists from TopTenzNet!
Subscribe to our Facebook: https://www.facebook.com/TopTenz/
Business inquiries to [email protected]
Other TopTenz Videos:
Are These 10 Things Actually Possible?
Top 10 Interesting Facts About the Placebo Effect
Text version: http://www.toptenz.net/10-popular-investment-strategies-surprisingly-risky.php
10. Real Estate
8. Oil Stocks
7. Mutual Funds
6. High Dividend Stocks
5. Certificates of Deposit
4. Joint Bank Accounts
3. Fine Art
He is right about real estate. I chose to continue to rent for many years and the extra money I invested instead of paying a mortgage allowed me to buy with cash. Running the numbers, I am about $250,000 ahead in my net worth than I would have been had I bought earlier with a mortgage.
Tech startups are the safest way to guarantee becoming a millionaire they never go out of business and are run by committed people who stick to an idea and won’t give up and move on to something else. Invest in a tech startup today and start planning that dream house.
Renting over buying sounds odd to me. If you buy and just break even (unlikely, as Simon said, real estate generally goes up in value at just over the inflation rate, but possible) and you at least get your money back. Anything you spend in rent is gone, with no return later. So, pay rent of $1000/month (to take a simple figure) and in just over 8 years you've paid $100k and have nothing to show for that money. Spend the same on buying a house and you'll at least have the house to sell for close to what you paid for it (add inflation, remove around $8k in maintenance) - making it effectively a free home for 8 years. Even allowing for interest (if you have a mortgage) and the expense of selling (around 5% in my experience), you're not still likely to be in the hole for $100k within 8 years.
True, but real estate ownership has advantages too! Depending on the area that the property is located in. If you're looking to buy property to " live off the land " so to speak, you're much better buying land in a remote area with very very minimal restrictions and very very little accessibility for the government. The freedom and chance to build value for the property are the main advantages of real estate ownership. Though in most areas you don't get much more property rights as a home owner as opposed to a tenant, because of zoning ordinances and kilotons of beaurocracy.
That's why if you're going to go with mutual funds, you should invest in indexed mutual funds. The overhead is much lower since they are not managed, the risk is lower because they are not managed, and they will do as well as the index, by definition.
Simon you are a freelancer, working for more channels. I have a question:
Do you record everyday, or do you record more videoes some days so you can have weekends or even holidays? :) Cheers mate. Followed TopTenz for years from Denmark.
Gold is a really piss poor apocalypse investment. You can't eat it, drink it, purify water with it, or build with it. Aside from its use in high technology, it is nothing more than a shiny yellow soft heavy metal that primitive humans decided was valuable because it's pretty.
Sure, gold can't be eaten, drank or used for much, but it's real potential use is as a form of money if the system falters. That way, even if fiat currency was to fall through the floor, there would still be something with which to pay for goods and services.
+Top Tenz I must admit that my two biggest investment "faux pas" were buying Apple at $8.00/share and selling at $22.00/share (just before iTunes was released), but even worse - passing on Bitcoin at approximately $18.00/coin. However, my best investment has been my home. I've been here plenty of years though, and living in SoCal doesn't hurt. I think this vid offers some SERIOUS sound advice. Thanks y'all and have a great weekend!
Real estate is a double edge sword, on one hand, homeowners tend to have more freedom to do things with their property than renters. On the other hand, you're stuck with all the maintenance headaches unless you own a condo or similar property in which there's an association that takes care of some maintenance. Plus, you might not even have that much more freedom as a home owner than a lesser, especially if your property is in a city with really strict zoning ordinances or in a subdivision with an HOA. Buying land and or a home has advantages and disadvantages.
Ianna Natasha if you're gonna get into real estate you gotta aim to buy and rent out the property. That way it's an asset. If you just buy and move in, it's a liability. Also, is that the thicc fine girl Hope I see in your account?
Another risk about Bitcoin is being associated with shady deals. Much of the dark web's dirtiest and most disturbing content is hidden behind paywalls that can only be accessed by those who pay in Bitcoin.
Gold has never made sense to me. It's a relatively useless material. Yea, yea, computers and aerospace use a bit, but other than that it's just a tacky metal used for jewelry. Its "worth" is totally subjective. Objectively, in the event of a global something-or-other I'd rather have that weight in gold in sheets of steel, and/or copper pipe, or even toilet paper. Things that are really needed to get society put back together.
yep, I lived in a rural area in a country that doesn't have toilet paper. You soon get used to it. One advantage is that it made me stop chewing my fingernails.....On topic- A useful trading commodity would be cigarettes/tobacco.
I agree with you. Gold makes no sense being a highly valued substance. I also agree that in the event of a world catastrophe it would make much better sense to have a commodity like copper wire or steel or wood... and yes even toilet paper too.
Tolyngee is an idiot. You are not educated.
I don't know - the usefulness of it, that it can be, and is, used and lost, as well as the rarity, makes it seem worth more to me than something like diamonds (which really don't go bad, and don't get used in much save for cutting tools at the industrial grade).
13,500,000 GRAM Plan to sell.
Telegram Open Network.
Multi-blockchain Proof-of-Stake system.
About Telegram Open Network.
Instant Hypercube Routing TON blockchains use smart routing mechanisms to ensure that transactions between any two blockchains will always be processed swiftly, regardless of the size of the system. The time needed to pass information between TON blockchains grows logarithmically with their number, so scaling to even millions of chains will allow them all to communicate at top speed.
TON Services TON Services provides a platform for third-party services of any kind that enables smartphone-like friendly interfaces for decentralized apps and smart contracts, as well as a World Wide Web-like decentralized browsing experience.
TON DNS TON DNS is a service for assigning human-readable names to accounts, smart contracts, services, and network nodes. With TON DNS, accessing decentralized services can be similar to viewing a website on the World Wide Web.
TON Payments TON Payments is a platform for micropayments and a micropayment channel network. It can be used for instant off-chain value transfers between users, bots, and other services. Safeguards built into the system ensure that these transfers are as secure as on-chain transactions.
The Telegram Team will rely on its 10-year experience in building user-friendly interfaces for tens of millions to create light wallets, exchanges, and identification services that will allow users to get on board with cryptocurrencies in an intuitive way.
Please, pay your attention that Cointelegraph is not responsible for the information on this ICO as there was no official statement so far. There is no official site either.
Telegram recently announced it would launch an ICO for its blockchain platform.
TON aims to deliver a fast, scalable blockchain with support for decentralised applications, distributed file storage, and micropayments.