investing in cars and precious metals 🚗

A member of the m3 community asked about investing in cars, so I thought I'd dive into the concept of speculative investments - things like cars, precious metals, jewellery, collectors items etc. I cover:

👉what to sort out before you invest

👉how much to invest

👉how to think about speculative investment

Find us on YouTube here: http://bit.ly/38UHJM5

Check out The Glen James Spending Plan here: https://www.sortyourmoneyout.com/online-course/ (use coupon code "m3x" to get this for under $50... save $20)

For podcast resources, links to our stuff, disclaimers & warnings about this episode + more... check out: https://www.sortyourmoneyout.com/mymillennialmoney

🛑 This podcast is for entertainment purposes only and does not constitute financial advice or financial product advice. To receive personal financial advice or financial product advice you must first receive a Statement of Advice (SoA). You must also receive, read and understand the Product Disclosure Statement/s (PDS) of any products you are considering to ensure the product/s is suited to your needs before acting. We may discuss products, services and answer listener questions on this video for entertainment & illustration purposes only. We may change the name of the questioner for anonymity. It is impossible to give you personal advice on an entertainment podcast as we do not know the details of your personal financial situation. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies that may be communicated in this podcast. Glen James and John Pidgeon are not licenced financial advisers or tax professionals. Please seek your own advice as we do not provide personal financial advice or taxation services. This podcast is intended for residents of Australia.