Comments on: Worst Investments

By: What WON’T Car Salesmen Do To Get Your Cash? | My Investing Blog

What WON’T Car Salesmen Do To Get Your Cash? | My Investing Blog — Fri, 02 May 2008 08:07:45 +0000

[...] Jeffrey Strain from SavingAdvice.com: “One of the worst investments you can make is to borrow money to purchase a depreciating [...]

By: Clinton Sallee

Clinton Sallee — Tue, 05 Feb 2008 00:35:07 +0000

True, viewing life insurance as an investment is incorrect. It does however have a place and can serve a great purpose in someones overall financial security if designed properly and with the right company. It can help stable a program that is weighed heavily in aggressive funds. To totally eliminate it as an option in your “financial health” is a mistake. I advise you speak to a professional before you make any decisions.

By: amy

amy — Tue, 12 Jun 2007 02:15:30 +0000

what kind of investment can a person who doesn’t much money and the best credit make? Is there any investment out there that the “little” people can make that can generate a decent return.

By: pfadvice

pfadvice — Tue, 12 Jun 2007 01:41:51 +0000

Is there anyway for timeshares to become a good investment? I am looking at Westgate Resorts right now and I don’t know exactly what I should be looking for. Any suggestions to make this for out for me?

The simple answer is “No” – timeshares are not an investment and should never be viewed as one. Like a car, they are a depreciating asset. There may be other reasons to purchase a timeshare (although I highly recommend not doing so), but an investment is definitely not one of them.

By: amy

amy — Tue, 12 Jun 2007 01:38:33 +0000

is there anyway for timeshares to become a good investment? I am looking at Westgate Resorts right now and I don’t know exactly what I should be looking for. Any suggestions to make this for out for me?

By: derrik

derrik — Thu, 01 Mar 2007 05:39:38 +0000

This kind of made me laugh because it should all be so obvious. I am always surprised at the “get rich fast” ideas.

I can say that the average person that asks me about foreclosures and making money on that is the last person that should be thinking about investing in real estate. It just aint that easy.

By: mike

mike — Tue, 08 Aug 2006 21:49:41 +0000

Your comment on precious metals preserving value in some cases is true, but the way to achieve that is not jewelry. This is because the value of jewelry has both the value of the materials and the value of the time required to craft it. These people would be better trying to buy it in less labor intensive forms.

By: Suresh

Suresh — Sun, 08 Jan 2006 00:31:58 +0000

You may be right about stones. But, concerning gold (22K+) and silver jewelry, it is a sensible store of wealth for people in developing countries that lack financial institutions with an FDIC-like safety net. Additionally, many developing countries have high inflation, and gold at least keeps up with inflation. In contrast, interest on money in the bank may not match the inflation rate, in which case the saver is losing money in real terms, albeit not in nominal terms.

Putting aside the value of gold & silver as inflation hedges and stores of wealth, I believe we are in a commodities bull market now. So, gold and silver have significant potential as appreciating assets along with other commodities.

By: Chester White

Chester White — Wed, 04 Jan 2006 22:30:39 +0000

On timeshares: Your advice is almost always correct, but I think possibly the Disney Vacation Club timeshares are an exception. Yes, you can buy them somewhat cheaper on the resale market than direct from Disney, but almost everyone who bought in since 1992 has made money upon resale, or only lost a few percent, while saving a bunch on their room stays.

And you get bonuses and discounts of various kinds (like $100 off your annual passes).

Investment tips and investing “programs” are worthless. If somebody really knew how to make 50% a year in the market:

1. He wouldn’t tell you
2. If he did tell you he’d charge you billions of dollars, and it would be worth it.
3. He’d be sitting on a beach trading on his Blackberry for 5 minutes a day at most.

By: Financial Rounds

Financial Rounds — Tue, 03 Jan 2006 17:49:39 +0000

This Week’s Carnival of Investing

This week’s Carnival of Investing is up at Consumerism Commentary. There are quite a few interesting posts, but here are some that particularly caught my eye.