Debunking the Luxury Investment Hype: What They Don’t Want You to Know

[@shirleycantoni3152]

I don’t buy to invest ever. I buy to enjoy. Luxury items are for those who can afford it.Those who cannot afford should steer clear.. There are many less expensive bags well made at a much cheaper price.

[@W3S3333]

Buy the dupe!

[@shirleycantoni3152]

@@W3S3333 I never buy dupes lol

[@Abigail-bb3tr]

This train of thought is definitely out of date, you did a good job highlighting this.

[@tippytoe1250]

Right now luxury for me is family, food and shelter.

[@marila4495]

Chanel bags don’t even burn that well … to keep you warm at night

[@ryeofoatmeal]

Edward really be like 'WEGOH WEGOH BICHH' 🤣🤣🤣😂 who in the right mind wrote this. really out of touch in real world we live in

[@ashleylala4293]

A lot of the patent leather bags and shoes from Chanel, Valentino and Dior that I bought years ago are unusable sticky messes, definitely not a wise investment that I can use long term. And one Chanel handbag that had plastic chain straps, the plastic all cracked within 6 years rendering the bag unusable. A lot of this crap is not the investment that people think it is.

[@seabreeze4559]

krs shops mentions how she refreshed a bag with a sticky flap, maybe that would work on yours?

[@carlahaiduk1878]

This is totally written by chat gpt . Awful article.

[@alinazebic]

This!

[@knepri]

Sure, your luxury item could cost more than what you buy it for. But I LOOOVEE how they don't take into account 1) these things aren't easy to move so it could take months or years to sell. Especially when compared to stocks, which are quite liquid and depending on your bank/investment company, you can have the money in a matter of hours/days. Plus you always know what the market price is but with luxury goods? You can guess but don't really know, you are at the mercy of the reseller who names their price 2) brokerage fees. Those resellers that sell them for you, do they do it out of the goodness of their heart? No. They will take their cut. And they name their cut. If it's a hard to move item like something very common, you are at their mercy as there won't be many who are even willing to resell your item. 3) taxes. If you sell an 'asset', you will pay taxes on it. 4) miscellaneous fees for handling/assessing/storing/cleaning the item before it is sold So sure, you could buy it for 10k. But even if you sell it for a 2x mark up at 20k - all these hidden costs might add up and you only get about 1-2k profit. Now let's say you kept it for 5 yrs before you sold it - you only made that 2k for your 5 yrs of investing/keeping it in your collection, which is only 1% per year return. In the current market, you can get a 2% return per year even by just keeping your money at a savings account, above that around 2,5-3% if it's a high yield account. Or take some risk and invest it in a index fund/stock that has a 5-6% dividend yield per year! In addition to all this, you need to put in a lot of legwork to get that profit. Go for stocks, it's easier and has better returns. Pst. Not saying you can't be lucky and make 3-4x on the item. But are you a professional in that field who follows all the trends? What style to buy? What material? What hardware? Let's say you get all of that right. But what if they do a rerelease and the market gets flooded with that new version right before you want to sell? The sale price plummets. Or there are a lot of them on the market? The price plummets. All kind of reselling is tricky and unless you are a professional who has dedicated your life to following all of the trends and knows all the resellers...maybe don't? Especially if you just buy a few items per year. You are more likely to maybe make your money back if you are lucky. But for most you will be selling at a loss.

[@Plondon123]

Im a Londoner and hadn’t heard of London Daily News before. Checked out the website and it charges aspiring ‘journalists’ to publish articles. Clearly has a very low bar for content

[@butternutsquishy6960]

Don’t forget TP. It also helps when the sh*t hits the fan.

[@gobyfish1399]

When the world ends, the rich will eat their Chanels.

[@JnnVe]

@@gobyfish1399 HAAAAAAA

[@Mmmkay9]

Atleast theyre eating those. us poor peoole will eat sht.lmao

[@Demi1369]

😂👏

[@Yaelchat]

A coma 😂😂😂 I love your commentary narrative 😂😂 your sarcasm is so diplomatic, I caaant 🤣😂💕💕💋 wugo wugoooo

[@angatherton5236]

As I’ve gotten older luxury to me is a nice Diptyque candle on a cold winter night or a good pair of shoes. I’ve got around 6 Louis Vuitton handbags that I don’t use as I just carry my phone. I also feel that LV is so common now I don’t even look at what they sell.

[@nathenaeum]

Thank you Dacob on spotting and dissecting every bit of BS in that write… arti… adve… THING…

[@aalanlizarraga]

I love your content. Very aware and with sense of humor!

[@SuperDacob]

Thank you 💖

[@Debbie_George]

It's always publicized that a vintage luxury piece from the past has increased in value.

[@pasitheathanatosasmr488]

6:13 and if you’re REALLY lucky you can buy a little tube of red lipstick to brighten up your life

[@michellemarshall4411]

Well said Dacob you told the truth

[@NashvilleFrank]

Life becomes very similar in hard times, Dacob. Stay alive is the game. Good work, Dacob!

[@flohough1870]

Notice how many times he used the word "potential" in that article. Had he written this article in the 1990s, he might have mentioned Beanie Babies...

[@tippytoe1250]

My daughter picked up a bunch of beanie babies for a couple of bucks from the thrift store. 😂

[@flohough1870]

@tippytoe1250 I remember people buying them thinking they were going to pay for college educations with them! 🤣

[@Demi1369]

Honestly, I LOOOOOOOOOOOOOVE your channel. And this video is a clear example why. 💕💕💕

[@SuperDacob]

Thank you so much!! 💖

[@ItsTheBaroness]

That is a beautifully paid advertisement, phenomenal article, excellent native advertising… 👏 Good catch - absolutely ridiculous ‼️

[@opaljohnson4762]

That author needs to crawl back under the rock that he came from. He is so out of touch.Clearly he was paid to fool the uninformed.

[@aleczandrajewels2330]

I'm dying of laughter with you and at the same time I'm learning, I adore you!!

[@iramazul988]

You have some really good points, Dacob!

[@SuperDacob]

Thank you iramazul 💖💖💖

[@ashleylala4293]

I bet this article was written by AI, as a lot of articles are these days. They just feel like nonsense.

[@creato938]

First luxury watches were an investment, now this... And since when Rolex watches are rare?

[@Debbie_George]

I was always told that luxury pieces last a lifetime & can be passed down to future generations.

[@amethystamaris]

I’ve bought luxury with packaging and credentials at wardrobe set sales up here, and it’s always been greatly reduced in price and the stylists reselling let everyone know they legally can’t resell without deducting over 50% first

[@cchayashi3219]

I’m thinking about selling all my luxury bag collection before shit hit the fan 😮

[@marcelmercure]

3:57 No, it isn't a good way to control your money. You want your money to grow and pay you an income and a physical object is not an income producing asset. It's more of a store of value, but gold is a better store of value because it's actually real money and if society collapses it will still last and you can use it to start over. You are much better off with stocks and bonds because they pay you money. And in my country we have a class of guaranteed investments which are risk-free and truly passive income. Unless you intend to rent your purse to people who want to floss at events, don't do it. In any case it will wear out and you'll need insurance and it mught get stolen, and so on.

[@VeryRandomIris]

I have two “My Dior” bags (previously called the Miss Dior bag) in lambskin and they both started peeling after about 2 months of use! I totally agree with you that the quality of luxury bags suck! Definitely not an investment. Dear Edward needs to wake up!

[@SaintChachki]

It’s all about location, location, location. There are allot of shops that sell sustainable luxury products that doesn’t involve having a name. It’s also knowing what you are looking for, and knowing. Pre loved goods, will tell you the truth

[@cocolove9916]

lol 5:40 was funny asf like how delusional can you be of course during economic uncertainty the more important things are items for survival not luxury items😂😂😂😂 loved your response

[@ratedrachel3670]

Plot twist the investment is us giving them our money so they have money lolol. Who's Who? I'm too scared to keep asking 😂

[@suntrigg]

You’re the best! It’s so funny like hearing on comedy channel yet very informative and smartly teaching others to be clever just like you! ❤️ you!

[@MsNinjes]

When will these people realize something is only worth what someone else is willing to pay for it.

[@bubba7177]

Decob - a very insightful and accurate video! During times of great hardship, a person would be VERY LUCKY if they could trade their Chanel bag for one can of beans. And the prosperity now is an aberration - most of human history has been filled with hardship and worse.

[@crystalnwoha2141]

You just earned a subscriber! 👍

[@shikmabonfil286]

I think that Edward needs to read an article or two before he writes one of his own 😂

[@scorpion_doll]

If only “Ed” was short for editor and not Edward 🙃

[@Chunkyshoesuk]

Does it say AD at the bottom of the article? Reeks of a lvmh sponsored promo article 😂😂😂

[@NakedEyes-lm3bj]

Rewatching …. If only I have lots of money 💰! 😍😍😍

[@mothra__13]

If you want a physical asset with guaranteed liquidity, buy gold. There are way too many variables with luxury fashion items (and especially art) for them to be potentially sellable in the future, let alone get any decent returns on them. Buy the luxury goods because you like them and will use them.

[@elizabethandrews4199]

Look at the sothebys current auction! Prices are high!

[@deborahcurtis1385]

The vintage pieces have better quality for the money. You work it out.

[@bitsmagtv]

Stocks and bonds are not very good investments nowadays, they have been losing value in the last couple of years. Some luxury goods, if they are real/authentic, might perform better. These items can lose value if a lot of people decide to sell, or need to sell. But I'm not talking about the new Chanel bag you see in the store. The items that will retain value are Hermes Kelly bags, some Louis Vuitton, very few valuable items. I actually hate those horrible Kelly bags...

[@carrino15]

Some stocks i went into had 75 ROI or 50 %. If picking single stocks, you need to do research, know basic economical factors and understand the business and how it could have an edge.

[@bitsmagtv]

@@carrino15 It's very risky. If I had money to buy an Hermes Kelly I would buy that instead of putting money in stocks or bonds. That is totally different from buying luxury randomly. It's difficult to understand, because it's a bag, a piece of garment, opposed to some piece of a company. One has to be very informed on the stock market to invest. All that is different from mere consumption of luxury good which is what the industry needs.

[@paulis5531]

Dacob, you couldn't have said it better. Who knows what the future will be like. Prices for rare, vintage and in good condition items may always have an audience but not necessarily a good investment. The lux items people buy are generally for one's enjoyment. Sometimes, it's a treat or tells of a milestone or something achieved.

[@maryjomichele]

Luxury is health and peace of mind.

[@johnlovesbridge]

A luxury handbag always resells for less than one pays for it, so it is not an "investment". From the moment it is paid for it is considered used. There are exceptions, but they are a small minority.

[@fishandfloral]

I did just sell a couple of mid-priced bags on consignment and got a bit more than I paid for them. I didn’t buy them as an investment or money maker, I just liked them at the time. I just do not see investing in luxury handbags and clothing items as realistic, maybe I could justify fine jewelry.

[@felipeneumann7790]

Is the Hermes Rodeo Horse a toy 🫠?

[@jennysouthern7188]

I have a stupid question. What is the bag on the thumbnail?

[@SuperDacob]

Its AI generated. Not a material bag…

[@KennethKent-m3p]

The only thing that saves your ass are all those price increases. I just purchased a necklace that’s gold with diamonds that’s very similar to a Cartier piece at 20x the cost. My Cartier is mostly up for sale, and this is where my money will go instead.

[@Elizabeth_lowkeyluxuries]

Yeah guns and ammo will be worth more than a deteriorating overpriced handbag when SHTF lol

[@aliciamullaney6634]

LEGOS are pushed as a good investment

[@KSlivinghappy]

4:30 😏😂🤣🤣🤣 5:25 🤣🤣🤣🤣 6:12 ❤❤❤❤ 9:20 mic drop 🎤 11:01 make it make sense 13:20 ❤❤❤❤💯💯

[@warningshoes8986]

These people lost balance over reality...😵‍💫🫣

[@melocoton7]

I think Edward needs to look up the definition of "investment"... ya'know because words have meaning. A few items will get your initial cost back and maybe a bit more, but buying luxury items with the INTENT of selling them for profit down the line is nuts.

[@ira_herself997]

The article sounds as bad as AI articles. Edward is probably a bot. 😂 hugs from Spain ❤

[@Droogs_OTR]

Hey guys, Funcle Droogs here checking in. Just because your Auntie Vera survived the stock market crash by spending all her money at Tiffany's doesn't mean you should do the same. A better and more reliable investment was when Mame married the oil baron, Beauregard Jackson Pickett Burnside. A man who loves you enough to fall off a mountain just to snap a photo of you is a far better investment than Tiffany's. Listen to Dacob, kids, he's got life figured out.

[@elizabethandrews4199]

I’ve so far not had any quality issues.

[@deborahcurtis1385]

Meaningless comment since no timeframe is given. Plus the fact that Chanel's quality has been declining while they raise prices is indisputable. Just look at the no longer 24 carat gold plating which has been consigned to history. Along with the quality of the leather. But you are almost surely referring to faults, which Chanel should not have any FULL STOP. Not for those prices. But they had the audacity to dispute and gaslight customers who pointed them out. The name has been trashed. Justify it all you like.

[@Waffleheadme]

Maybe an AI written article?!

[@Yaelchat]

I think Smith is a spokesperson for Poshmark or The real real 😂😂😂

[@landcraftwellness9850]

Buying a luxury item "Saves you money" bwahahahahah! Not always!

[@maryjomichele]

Dear Edward, Coma? 😅

[@devonneshort4749]

He is still in a coma 🤣😂🤣? Prices have change and quality?🤔

[@Restless318]

so crazy always so true

[@DecemberNames]

smart!

[@pt31]

lol dis article is so 2020!

[@mpoppins]

Could this be an AI written article? So bad

[@jrochest4642]

I assume the article you're reading was produced by AI.

[@DenmarkScandinavia123]

💗

[@hollygrace6814]

this is just very very bad journalism. He should change industries

[@zeljkatubic1]

Someone has paid Edward to wright nonsensical article...or maybe...Edward isn't even a real person, just an AI / Chat GPT kind of thing. But one thing we do know for sure, if he is real...when Armagedon comes he won't last long but he will go in style...🙈🙊🙉🙃

[@andreav2175]

❤

[@suehassall5746]

The article you refer to seems awfully irresponsible. Hopefully his advice won’t lead people astray😬

[@Bluegirl1777]

Edward, how dare you publish this nonsense on my birthday??! silly man

[@DBhhgff-bq4qc]

🤣🤣👍

[@tara_nguyen]

first

[@carrino15]

If you dont trust banks, have some crypto like btc