10 Investments That I Would Never Make

SO what are the investment that I would never, ever make, that’s what this video is about. And all of these investments are investments that get pushed to you constantly. The hope if you leave this video educated with the truth.

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1. Annuities: Mandatory Social Security and people doing Lump sum and more

What are they: Annuities are usually issues out by insurance companies, and you can pay towards them or buy them in lumpsum, and the goal is to get guaranteed income.

Instead of handing someone your money and getting scraps you could just invest the money yourself and get all of it for yourself.

2. Life Insurance ( cash value Policies )

What are they: They are not investment, its insurance incase you die before your investments give fruit and ontop of that they are not supposed to make your family wealthy

Why I don’t do it: its expensive very expensive ( 10xx more) to get whole life insurance and hope to build up a little money in cash policy.

3. Timeshares

What are they: its literally a bunch of people buuying the right to vacation somewhere for one week out of the year. This was cool back when air bnb wasn’t a thing. But its just stupid. Bunch of fees, one place to go and no control.

Why I don’t want it: I rather use air bnb or any other service to just go on vacation where ever I want.

4. Restaraunts or business I have no experience with

What people say: appperantly everyone grandma needs a restaurant because they are so good at cooking. But remember business are more than jus the product, they are the investory, marketing, employees, prices and negotiating lease term.

What I would do instead: a great way to do my passion of cooking is YOutube and making course without all the overhead. But If I did want to open a restaurant I would in a restaurant for a minimum of 2 years to get all the experiences.

5. Penny Stocks

What it is: its public companies that usually trade for less $5 per share, and they are very risky, very illigiud and most of the money is made by the brokers selling them to you like in “ the Wolf of Wall Street “.

Why I wouldn’t do it: people think that losing $100 is no big deal, that they are going to gamble and maybe find the next amazon or Walmart.

6. Company Stock and Options

What its all about: a lot of public companies and private companies are giving out stock options or stocks as a means of compensation.

Why I wouldn’t: I don’t care if I work for the company, if I don’t understand the true value of it, I’m cashing in and I’m going to invest that money into index funds.

7. Forex Trading

What it is: its you trading currencies back and forth and hopping you make a profit. Where the people that sell you the idea have created an MLM. And they make the money by selling you courses.

Why not: it’s a full time career where the odds are always against you, its like going to work, and not knowing if you coming home with money.

8. Buying a Home Beyond your Means

Why: their a saying in Texas, all hat no caddle. It’s the people that buy something they cant afford or look that part, when you discover the real financial situation they are one bill from missing payments.

Simple Rule: 33% of your monthly income is your budget on a 15 year mortgage. So for me my budget went from almost 400k on 30 year mortgage to a more realistic 200k.

9. Keeping Only Cash

These are the people like pabloc escobar, kept all the cash, and never reinvested into other avenues. The rats eat the money, but in your case it’ll be inflation.

10. Investments in anything you don’t understand

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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