ilmscore | Luxury Goods Predictions

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Accuracy

Recent Predictions

Total: 5

Correct: 0

Incorrect: 0

Pending: 5

Unrated: 0

Prediction

Author

Predicted at

Status

Video

It is advised to have at least as much in assets as the cost of a luxury item like a $10,000 Rolex before purchasing it.

"if you have a $10,000 Rolex you better have at least $10,000 in assets before you buy that thing in ..."

Dec 9, 2024

Pending

A rule of thumb for luxury purchases is that if you cannot afford to buy five of an item, you cannot afford to buy one.

"the rule of thumb that I have especially when it comes to luxuries is a rule of five if you can't bu..."

Dec 9, 2024

Pending

To afford a $10,000 Rolex, one should have at least $50,000, implying a 5x rule for luxury purchases.

"you want to buy that $10,000 Rox you better have at least $50,000"

Dec 9, 2024

Pending

To afford a $50,000 car, one should possess at least $4 million in wealth.

"you better have at least A4 million in wealth before you buy the $50,000 car"

Dec 9, 2024

Pending

During a recession, prices of luxury items are likely to drop.

"in a recession we will likely see the prices of luxury items dropping in addition to all the other p..."

Jul 5, 2022

Pending