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points by mlinhares 1 day ago | 0 comments

Everyone is a genius in a bull market. I remember a friend saying they were going to buy teslas to then re-sell them at a higher price around the same time because "teslas aren't like normal cars, they're an appreciating asset".

Thankfully he ended up not having enough money to pull this off so didn't lose everything either.

[–] ElProlactin 1 day ago

If your friend is interested in not missing out on opportunities like this going forward, he should check out my company, NumberGoUp.ai.

[–] Ntrails 18 hours ago

Back when they came out a guy I knew bought a new mini every 6 months, selling the previous one to cover the cost and indeed profit. Essentially there was scarcity + excess demand so the car now was worth more money vs than one after the 12 month waiting list or whatever.

Of course it stopped working after a few rounds, but it wasn't a bad play whilst it worked!

[–] arthurcolle 1 day ago

could have worked with crypto or GPUs though, to be fair to your friend ^_^

[–] paxy 21 hours ago

Can make it work with a lot of things if you have a crystal ball. And if you do somehow have this genius intellect why bother with buying/selling GPUs? Just trade the stock.

[–] Imustaskforhelp 19 hours ago

> Can make it work with a lot of things if you have a crystal ball. And if you do somehow have this genius intellect why bother with buying/selling GPUs? Just trade the stock.

Even with trading, you can't really know if the strategy that you have made which might work first time is because of luck (crystal ball) or analysis. You might believe its analysis because why not but repeating that strategy consistently over a long period of time is downright near impossible.

And then you realize that most of the traders lose money and there have been systematically proven to be basically very little alpha if any and you are better off just investing within the index funds and focusing much more on increasing the amount of money that you can save (increasing your salary, finding ways to save money etc.)

https://www.bogleheads.org/ for those of you interested.

[–] baobabKoodaa 1 day ago

There was a time period when it worked with used cars, too.

[–] dylan604 1 day ago

Used car prices are still higher than pre-COVID, but there's still a decent mark up for restoration projects if you want to go that route in used car

[–] andy_ppp 1 day ago

Looking at how a lot of modern cars are just made of glued together plastic (Mat Armstrong’s channel amongst others) I’m not at all surprised people are buying used models more regularly.

[–] throw-qqqqq 22 hours ago

> Used car prices are still higher than pre-COVID

Also if you adjust for inflation? (Which exploded after COVID)

[–] dylan604 1 day ago

I heard people were buying property before this year's Wold Cup that were near the stadiums so they could rent them out and then sell them after. Now, sellers are having to lower the asking prices, and that's just a few months after the tourney. Honestly, I hope those asshats are taking it at a loss