4 Worst Investments You Can Make, According to Humphrey Yang

Core Insights - The article discusses the four worst investments according to Humphrey Yang, a personal finance content creator with a significant following on social media [2]. Group 1: Timeshares - Timeshares involve partial ownership of a vacation home, allowing usage for a specific time each year, but come with high costs and do not appreciate in value like real estate [3][4]. - Annual fees and expenses are associated with timeshares, and exiting a timeshare agreement can be challenging due to the complexity of the contracts [4]. Group 2: New Cars - Purchasing a new car is discouraged as it depreciates significantly, losing 10% to 20% of its value immediately after leaving the dealership, and can drop to 50% of its original price within three years [5][6]. - Cars should not be viewed as investments since it is nearly impossible to sell them for more than the original purchase price [6]. Group 3: Triple-Leveraged ETFs - Triple-leveraged ETFs aim to amplify market returns, potentially increasing gains or losses by three times the market movement, which can lead to significant risks during market volatility [7]. - These funds utilize derivatives and other high-risk strategies to achieve their leveraged returns, making them a risky investment choice [7].