I really appreciate the effort you put into this analysis, Joseph. The main issue is that the property initially sold for $50 per token, and many investors are still holding at that price. While you’ve been buying at $30 and I’ve bought at $35, meaning we’d profit on our purchases, many others wouldn’t. Personally, I prefer to hold an asset for at least five years before considering a sale. Selling now feels too early to me, especially if it comes at the expense of those who bought at full price.
Thanks for taking the time to watch, and for sharing your thoughts. I am curious how many $50 purchasers are still holding. I can empathize with them, but continuing to hold a bad purchase is just sunk cost thinking. I believe even people who might lose money on this sale would still be better off, as long as they move it to one of the better performing assets. Holding to maybe break even in a few years versus putting that equity to work today, feels like a decision to protect egos more than a prudent investment decision. I've certainly been in that position in the past though.
I agree and holding it for 5 years would make sense even in a tokenized deal if the numbers originally presented by Lofty were even remotely close to reality. that's not the case in this property and almost one of all the others on the platform. when Lofty recently changed the calculation of account value I am sure many owners were shocked to see how much of their investments had evaporated. I believe that is also the reason that the website shows some fluff-numbers but not performance statistics for the last few years like any other company in the investing world. If Lofty had impressive performance it would show it to attract more investors. The numbers aren't there so we see some pretty pictures. I spoke to Jerry and he keeps saying: "We are a platform". That's true but not taking any responsibility for the numbers presented for a new deal basically means: If you can't do all the due diligence for each deal offered yourself - don't invest here!!! For me, to park a few hundred or few thousand $$ and having to do all the work I do for an outright purchase because you can't trust the platform is flaw that should be corrected. To get to 3.94% Jospeh was generous to calculate with 95% occupancy. Let that sink in
I really appreciate the effort you put into this analysis, Joseph. The main issue is that the property initially sold for $50 per token, and many investors are still holding at that price. While you’ve been buying at $30 and I’ve bought at $35, meaning we’d profit on our purchases, many others wouldn’t. Personally, I prefer to hold an asset for at least five years before considering a sale. Selling now feels too early to me, especially if it comes at the expense of those who bought at full price.
Thanks for taking the time to watch, and for sharing your thoughts. I am curious how many $50 purchasers are still holding. I can empathize with them, but continuing to hold a bad purchase is just sunk cost thinking. I believe even people who might lose money on this sale would still be better off, as long as they move it to one of the better performing assets. Holding to maybe break even in a few years versus putting that equity to work today, feels like a decision to protect egos more than a prudent investment decision. I've certainly been in that position in the past though.
I agree and holding it for 5 years would make sense even in a tokenized deal if the numbers originally presented by Lofty were even remotely close to reality. that's not the case in this property and almost one of all the others on the platform. when Lofty recently changed the calculation of account value I am sure many owners were shocked to see how much of their investments had evaporated. I believe that is also the reason that the website shows some fluff-numbers but not performance statistics for the last few years like any other company in the investing world. If Lofty had impressive performance it would show it to attract more investors. The numbers aren't there so we see some pretty pictures. I spoke to Jerry and he keeps saying: "We are a platform". That's true but not taking any responsibility for the numbers presented for a new deal basically means: If you can't do all the due diligence for each deal offered yourself - don't invest here!!! For me, to park a few hundred or few thousand $$ and having to do all the work I do for an outright purchase because you can't trust the platform is flaw that should be corrected. To get to 3.94% Jospeh was generous to calculate with 95% occupancy. Let that sink in
@AMeierhoefer thanks for the input. Definitely have to do our own due diligence on every deal.
@@josephcacciapaglia4753 Yes, true for direct purchases but then why be on Lofty?
I love your intro line! Sit'n on the couch making some money! Technology is a wonderful thing. :)
@@ReiJarrod thanks, and thanks for watching.