The WORST $147,000 INVESTMENT OF 2019?

TL;DR

• YouTuber invests $147,000 for $2,500 profit in a week, sharing the process and safeguards.

Transcript

nope didn't work what's going on guys it's Ricky with tech foot solutions and today I have a little bit of a different video for you this might be viewed as one of the worst investment decisions that I have ever made I don't even know if like you would call it an investment decision and I'm 100 percent posting this on YouTube with an open mind and ... Read More

Key Insights

• ❓ Investment involved $147,000 for a $2,500 profit in a week.
• 😑 Safeguards included lien, ownership, pre-approval, and collateral.
• 🥳 Motivation stemmed from being a middleman, helping parties, and using idle funds for profit.
• ❓ Risky investment decision discussed openly for feedback.
• 🤑 Comparison to other investment strategies like hard money loans and day trading.
• ⚖️ Balance between risk, profit, and helping others in investment decisions.
• ❓ Reflects on utilizing idle funds to generate additional income.

Questions & Answers

Q: Why did the YouTuber invest $147,000 for a $2,500 profit?

The investment was made in a supercar for a friend's milestone, with steps taken to ensure ownership, lien, and pre-approval for protection, while utilizing idle money.

Q: What safeguards did the YouTuber take in this investment?

Safeguards included putting a lien on the car, owning it until repaid, receiving a pre-approval letter, and having a written contract with collateral to protect the investment.

Q: Why did the YouTuber choose to be a middleman in this investment?

By being a middleman, the YouTuber could assist both parties involved in buying and selling the car, while making a profit and utilizing idle money efficiently.

Q: Would the YouTuber take similar investment risks in the future?

The YouTuber considered the investment based on specific circumstances and would evaluate future opportunities based on similar criteria, such as helping others and utilizing idle funds.

Summary & Key Takeaways

• YouTuber invests $147,000 in a supercar for a guaranteed profit of $2,500.

• Steps taken involve ownership, lien, pre-approval, and contract for protection.

• Decision motivated by being a middleman, helping parties, and utilizing idle money for profit.