Actually the average american household income is about $50k hun. Generational wealth isn't built overnight. Save. Inform yourself. Invest.
-
-
Replying to @ABenton @FeministaJones and
Yes, because it's totally reasonable that the average family would put 10-20% of their income into buying art.
1 reply 3 retweets 20 likes -
Replying to @WalkerRainge @FeministaJones and
Oh my God art investing for non-millionaires is such an absurdly bad idea
2 replies 10 retweets 43 likes -
Replying to @arthur_affect @FeministaJones and
Never mind that identifying art that will grow in value is basically gambling and requires tremendous amounts of education
2 replies 11 retweets 30 likes -
Replying to @arthur_affect @FeministaJones and
Just the logistics -- you're putting thousands of dollars into a physical thing that can get stolen or destroyed
1 reply 5 retweets 16 likes -
Replying to @arthur_affect @FeministaJones and
Now you need to worry about home security and probably purchase insurance -- your asset becomes a liability
1 reply 4 retweets 15 likes -
Replying to @arthur_affect @FeministaJones and
And the more people who do it, the less profitable it becomes. It's literally impossible for this to work for everyone.
1 reply 0 retweets 2 likes -
Replying to @grumpfgrr @FeministaJones and
Yeah investing in any form of collectible is a zero sum game just like the poker table - you can only be right if others are wrong
2 replies 3 retweets 14 likes -
Replying to @arthur_affect @FeministaJones and
That much is just as true of any other asset class.
1 reply 0 retweets 1 like -
Replying to @ebdibit @FeministaJones and
Not really. Some assets are productive (rental property, a business that actually sells shit), others are not (gold bars, paintings)
1 reply 0 retweets 3 likes
With art in particular new art is constantly being produced and art in general will never become scarce
-
-
Replying to @arthur_affect @FeministaJones and
So buying a painting as an investment cannot be anything other than a bet that this particular painting is currently mispriced
2 replies 0 retweets 3 likes -
Replying to @arthur_affect @FeministaJones and
Fair enough. In reference to the underlying asset, however, the statement holds. New art, new businesses, new homes, etc. stay being made.
1 reply 0 retweets 2 likes - Show replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.