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Speaker 1: Joel lars Guard is with us how to Money Sunday's

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Speaker 1: twelve to two pm Social addresses at how to Money

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Speaker 1: joel website, howdomoney dot com.

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Speaker 2: Joel, good morning, morning Bill.

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Speaker 1: Okay, Pokemon cards, I mean that's become big news Pokemon,

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Speaker 1: and I think it was Lego is issuing a whole

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Speaker 1: series of you know, in combination with Pokemon and the

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Speaker 1: five big figures Pokemon and Grumpy and Sleepy and Dumpy

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Speaker 1: or whoever those Pokemon characters.

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Speaker 2: Are your thoughts on that? Do you invest in those? Oh?

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Speaker 3: Well, I thought you were wondering if I like the

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Speaker 3: Pokemon characters themselves, which my son he's six, he does,

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Speaker 3: and he has some Pokemon cards as well. He just

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Speaker 3: like loves to look at him and and collect them

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Speaker 3: and just be like, ooh, I get this one.

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Speaker 2: It's super cool. But there it's it's also.

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Speaker 3: Becoming Pokemon cards are becoming like a collector's item, and

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Speaker 3: a lot of people once it kind of reaches that status,

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Speaker 3: their's and and some of those cards go up significantly

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Speaker 3: in value. You start to see people speculating right on

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Speaker 3: something as as silly as a Pokemon card, and and

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Speaker 3: then you start to see influencers get into space and

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Speaker 3: they try to kind of drum up even more interest

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Speaker 3: and start to point people down that path of like, hey,

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Speaker 3: you should probably start buying some Pokemon cards and and

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Speaker 3: consider yourself a Pokemon card investor. Uh, and it's it

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Speaker 3: sounds kind of cool, especially like appealing. I think if

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Speaker 3: you are younger and you're like, yeah, I should be investing,

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Speaker 3: but the stock market seems so boring and bland, Like

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Speaker 3: why didn't I invest in something a little bit cooler,

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Speaker 3: something I understand a.

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Speaker 2: Little bit more.

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Speaker 3: Hey, I know a lot about Pokemon cards, and guess what,

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Speaker 3: I can go out there and buy some packs and

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Speaker 3: keep them in mint condition, and and then I don't know,

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Speaker 3: maybe listening on eBay from time to time.

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Speaker 2: The problem.

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Speaker 3: The problem is, of course, that this is not a

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Speaker 3: stable market. It's totally speculation, and a lot of people

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Speaker 3: could find themselves being burned buying trying to buy a

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Speaker 3: bunch of Pokemon cards that yeah, maybe they go up

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Speaker 3: in value for a short period of time, but they

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Speaker 3: probably don't stay, you know, stay highly valued for a

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Speaker 3: long time.

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Speaker 2: Any one of these things.

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Speaker 1: I mean, this really amazes me that there is value

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Speaker 1: to a lot of this because you have a company

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Speaker 1: like Pokemon that decides they're going to issue a very

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Speaker 1: limited card and we're only going to have a hundred

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Speaker 1: of these, and out they go and they're worth a

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Speaker 1: bucket of money. And it all depends on the company

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Speaker 1: that isn't real collecting, it's that they control it. If

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Speaker 1: every year they come out with a different card they issue,

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Speaker 1: there's only three, all of a sudden, now there's value there,

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Speaker 1: which I don't get. I mean, there's there are real

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Speaker 1: collectibles out there, but I find these kind of dumb.

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Speaker 2: I really do.

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Speaker 3: Yeah, And there's something that stand the test of time, right,

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Speaker 3: Like there is something about Rolex watches, say, or Burken

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Speaker 3: bags that are they're hard to get, they're made in

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Speaker 3: limited quantities, and when you look at how those items

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Speaker 3: hold up against something like stock market performance, they tend

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Speaker 3: to do pretty well and potentially outperform even something like

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Speaker 3: the stock market during certain periods. And so I understand that,

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Speaker 3: But then you also I think we're just in a

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Speaker 3: phase where alternative investing is becoming more fascinating to people,

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Speaker 3: and part of that is cryptocurrency. Part of that is

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Speaker 3: just a bunch of websites that make it easier right

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Speaker 3: to invest in something like in real estate, or in

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Speaker 3: wine or in art, and it seems like it seems

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Speaker 3: like fun, and a lot of the language on those

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Speaker 3: websites essentially telling people, hey, this is not only fun,

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Speaker 3: but this is going to make you more money than

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Speaker 3: you would make investing in the stock market. And the

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Speaker 3: truth is, after fees and all the other things that

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Speaker 3: come along with that are known quantities, when investing in

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Speaker 3: alternative investments, there's actually a decent chance you underperform, and

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Speaker 3: the fees are essentially this hurdle that you have to

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Speaker 3: overcome that makes it even harder for you to make

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Speaker 3: more money than you would just investing in a low

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Speaker 3: cost index fund.

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Speaker 1: One of the things about collectibles, or for example, flipping houses,

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Speaker 1: and we hear these ads all the time. You can

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Speaker 1: flip a house, and I'm going to teach you how

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Speaker 1: to do it, and you're gonna make a bucket of money.

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Speaker 2: You really have to know your stuff in order to

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Speaker 2: do that sort of thing.

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Speaker 1: I mean there, you just don't take a two week

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Speaker 1: class or a five hour seminar. Same thing with wine.

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Speaker 1: You can make a lot of money with wine, but

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Speaker 1: you really have to know the wine Yeah.

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Speaker 3: It's one hundred percent true. And that is especially like

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Speaker 3: in a market right now, there's been more and more

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Speaker 3: written about home flippers and how they are. They're not

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Speaker 3: doing so hot right and when when prices start to

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Speaker 3: moderate and maybe you spent a little more than you

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Speaker 3: should have on the home and the guess what, oh,

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Speaker 3: tariffs like hit you in the face when the cost

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Speaker 3: of renovating actually went up by a significant amount, and

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Speaker 3: now your margins are a lot thinner, your house is

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Speaker 3: staying on the market longer. And if you don't have

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Speaker 3: much experience and you were just kind of hoping that

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Speaker 3: this would work out, a lot of people are finding

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Speaker 3: that it's not working out for them.

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Speaker 2: Yeah. Now I do commercials for direct buyers. For example.

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Speaker 1: It's a company that buys homes and then turns around

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Speaker 1: and sells them. And the level of expertise Matt, who

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Speaker 1: owns the company that it takes has been at this

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Speaker 1: for years and years. He can actually figure out the home,

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Speaker 1: the value of the home, and what it's going to

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Speaker 1: cost to renovated from the sidewalk without even walking in.

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Speaker 1: That's the level of expertise that you really need.

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Speaker 2: Well, and he's probably also planning ahead.

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Speaker 3: He's probably got a little bit of buffer built in there,

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Speaker 3: like oh oh yeah, behind that wall that we don't

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Speaker 3: know about. Then I've got an extra twenty grand just

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Speaker 3: in case, and I'm still gonna make money.

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Speaker 1: A completely absolutely, And so all the levels of expertise

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Speaker 1: that you want. Anybody that's going to tell you how

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Speaker 1: you can make money taking their course, buying their seminar,

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Speaker 1: you know, buying their DVD. You know, if why would

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Speaker 1: they teach you to do it? If they can do

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Speaker 1: it themselves and make all the money. If I'm making

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Speaker 1: a fortune doing this, why am I going to sell

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Speaker 1: anything to you? I'm making a fortune. Why spend the time? Okay,

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Speaker 1: So Joel, I want to talk about time shares for

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Speaker 1: a moment. Give you a quick story, and that is

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Speaker 1: I was hearing time shares commercials like crazy, so.

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Speaker 2: I decided I was going to see what it's about.

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Speaker 1: So I went to one of these time share seminars

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Speaker 1: where you get a free vacation two days or get

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Speaker 1: you get whatever, because they give you what sounds like

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Speaker 1: a great deal. So I've never seen such pressure in

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Speaker 1: my entire life.

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Speaker 2: Ever.

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Speaker 1: Yeah, It's just I was astounded. I mean, they were hard,

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Speaker 1: hard selling, and a couple of things. They won't give

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Speaker 1: you the contract. I said, I'm a lawyer. I want

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Speaker 1: to see the contract for time share.

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Speaker 2: They wouldn't give it to me.

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Speaker 1: And then I said, you know what, I'm going to

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Speaker 1: think about this, and they wouldn't let me out the door.

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Speaker 2: Well, we're going to give you this. We're going to

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Speaker 2: give you this. I mean it was hard, hard pressure.

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Speaker 2: And then I'm just about to leave.

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Speaker 1: They actually stopped me before I hit the door, and

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Speaker 1: I had to say to that salesperson, are you stopping

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Speaker 1: me from leaving this room?

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Speaker 2: You know that's kidnapping. Do you want me to call

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Speaker 2: the police right now? And immediately got he got out

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Speaker 2: of the way. It's that crazy with time shares. Yeah,

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Speaker 2: and it was.

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Speaker 1: And they sell it like it's worth something that you

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Speaker 1: can inherit. They sell it as property, and it's no

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Speaker 1: longer even property. It used to be you'd get a

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Speaker 1: deed for one fifty second of a piece of property

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Speaker 1: for a week.

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Speaker 2: That doesn't even exist anymore. Now it's just points. Yeah.

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Speaker 2: And you got talking about vacation clubs there, yeah, yeah,

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Speaker 2: And you can't get out of them. You can't get

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Speaker 2: out of them.

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Speaker 3: Yeah, and Bill, I mean you're so right. I mean

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Speaker 3: you're you're highlighting all the worst issues of timeshare and

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Speaker 3: vacation clubs and the high pressure sales tactics are certainly

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Speaker 3: part of it. Like I stayed at a time share

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Speaker 3: my first time ever, like this past fall, and it

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Speaker 3: was because someone I knew had extra dates and they

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Speaker 3: were like, Hey, just want to hear here's some for free.

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Speaker 3: They're on me, which was incredibly kind. And then while

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Speaker 3: I was there, they were like, hey, do you want

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Speaker 3: to attend a presentation? Maybe get one of your own,

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Speaker 3: And just as someone who does work in this personal

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Speaker 3: finance space, I was like, yeah, I totally want to

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Speaker 3: attend the presentation, but I had my wife and kids

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Speaker 3: there and they wouldn't let me attend without my wife,

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Speaker 3: and so it just wasn't I wasn't able to make

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Speaker 3: it happen because we have the three kids on hand

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Speaker 3: as well. But it's one of those things where I

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Speaker 3: really want to experience what this is like, because I've

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Speaker 3: heard these horror stories and this is just what a

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Speaker 3: lot of people. This is why a lot of people

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Speaker 3: sign on the dotted line, because they just get browbeaten.

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Speaker 3: They get beaten down. They're in there for an hour

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Speaker 3: and a half, two hours, and they're like, let me

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Speaker 3: just sign something you so I get out of here.

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Speaker 1: Now, there are some time shares that are actually worth

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Speaker 1: a bucket of money. Disney time shares are valuable. Uh,

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Speaker 1: those you can sell, But the rest of them you

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Speaker 1: just for the vast majority of time shares, you can't

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Speaker 1: sell them.

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Speaker 2: You just can't that you're there, you're stuck.

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Speaker 1: And so and they're making a comeback now, they're coming back.

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Speaker 2: They are, they are.

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Speaker 3: And so this this seems and I think part of

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Speaker 3: it is the vacation club mantra.

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Speaker 2: That's that's part of it.

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Speaker 3: But it seems like especially the timeshare, the timeshare deal

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Speaker 3: is starting to tick up an interest amongst younger people.

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Speaker 3: And it used to be seen as like this old

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Speaker 3: person saying, well, the the new way to book travel.

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Speaker 3: You don't you don't need a timeshare anymore, right, book

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Speaker 3: you're on. So there's Airbnb and and and and other

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Speaker 3: ways to take a vacation without kind of that partial

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Speaker 3: ownership way of thinking. And I just think I hate

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Speaker 3: to see something that bad kind of come back and

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Speaker 3: grow in interest. But and when you look at the

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Speaker 3: resale market for timeshares. To me, that's like one of

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Speaker 3: the biggest blinking red lights showing how bad of a

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Speaker 3: purchase they typically are. Because you can buy someone else's

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Speaker 3: time share for pennies on the dollar of what you'd

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Speaker 3: pay if you were to go in person and buy

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Speaker 3: that timeshare form their timeshare salesperson.

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Speaker 2: They're very expensive.

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Speaker 1: Not only do you pay money for the time share,

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Speaker 1: and that's a given amount of money, but you have

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Speaker 1: to pay maintenance suit and what they don't tell you

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Speaker 1: is the maintenance. There's no limit to what the maintenance

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Speaker 1: costs are. They can charge you whatever they want and

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Speaker 1: you get stuck. And I get questions like this all

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Speaker 1: the time on my legal show as I am in

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Speaker 1: a timeshare?

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Speaker 2: Can I get out of it? And I go, that's tough.

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Speaker 2: You signed a contract.

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Speaker 1: Now, there are companies that will let you get out

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Speaker 1: of them, that help you get out of them, but

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Speaker 1: that is predicated on who which company owns the time share.

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Speaker 1: Some are willing to let you go, most do not.

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Speaker 1: And it's an albatross. I mean, you're handcuff to that.

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Speaker 1: And it is vacation rental when you've got here's two

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Speaker 1: hundred places you can choose. You know, we have one

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Speaker 1: in Hawaii, we have one in Maorca, we have one

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Speaker 1: in Europe, in France. The problem is everybody wants to

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Speaker 1: go during Christmas, everybody wants to go during holiday periods

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Speaker 1: during the summer, and you pay buckets more for that.

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Speaker 2: Yeah.

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Speaker 3: Yeah, And if you don't like a place you stay,

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Speaker 3: if you book on Airbnb or you book a hotel room,

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Speaker 3: you don't even have to stay there again, right, you

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Speaker 3: could be like, you could chalk it up to a

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Speaker 3: bad experience, leave a subpar review.

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Speaker 2: But if you.

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Speaker 3: Don't like the time share that you got into, it

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Speaker 3: hangs around you, right for decades. So and yet, like

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Speaker 3: you said, the maintenance costs could go up at a

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Speaker 3: significant clip you weren't planning on that it breaks your budget.

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Speaker 3: I've just heard too many timeshare horror stories to make

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Speaker 3: it seem like anybody should really be interested in those.

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Speaker 2: Yeah, I would not. And if you do want one,

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Speaker 2: you can buy.

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Speaker 1: I've seen them for a dollar a time share just

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Speaker 1: so people get out of them. So buying one one

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Speaker 1: of these seminars, I mean, if you enjoy hard pressure

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Speaker 1: where they take a sledgehammer to your head until you buy.

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Speaker 2: Then you'll really enjoy one of these.

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Speaker 1: Especially, and they offer you a three day vacation if

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Speaker 1: you come. Believe me, you're paying big for that, all right, Joel,

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Speaker 1: We'll catch you this Sunday, twelve to two pm right

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Speaker 1: here on KFI