Friday

Worst Investment Idea Of All Time - Timeshares

In my twenty plus years as a stockbroker / financial advisor, financial writer, author and speaker, I have worked with thousands of people and their money.  I have seen some otherwise smart people make some silly investments; breeding emus, ostrich eggs, xmas tree sales, penny stocks and more but one investment stands alone as the worst investment idea of all time.

Timeshares are incredibly stupid.

You own very little if not nothing, all you bought when you paid for your timeshare is the right to book a room/condo at a future date.

Sure you will be told that you have exclusive this and exclusive that but in the end, you have been SOLD.

Timeshares (called vacation ownership by salesmen) were invented in the 1960's but grew up in the 1990's when it was cool to talk about your REC property at parties.

If you just sit yourself down with a paper and pen and do the math, you will soon realize that aside from some pipedream of selling for a profit one day, that you can book on your own at a nicer property more cost effectively and you won't be stuck in the same room with the same view year after year after year!

1 comment:

  1. I am still trying to sell my timeshare that we've owned for ten years, its nice when we are using it but its a terrible investment. Never again.

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