Youtube comments of (@JustAnotherPersonHere).
-
68
-
7
-
7
-
6
-
@NolanGouveia Okay, here's my long answer.... It doesn't appear that they're hiding anything, there are just some red flags for me.
If everyone gets to "skip the wait-list" it seems a bit deceiving. The CEO of Masterworks is also the Administrator of the holding company (collecting fees from investors: 3% underwriting, 1.5% annual mgmt fee, and 20% net profit fee), so does he look out for the investors? I dunno.
Also, he will raise funds from investors to buy a piece, then once the piece is purchased, does he not still solicit funds from addtl investors for the same piece, thus diluting the original investors? I dunno, it's just not clear.
Also, the Administrator has the right to keep the piece in his home and with other private entities thus not marketing it for sale.
And he has the right (per their terms) to lease out the piece for a profit. Do the Masterworks investors get a piece of that? I dunno, it's just not clear.
And almost surely there will be an auction house fee once sold, thus further reducing the investor's investment.
I'll stick with the reliable, simple, and easy to understand dividend stocks.
3
-
3
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1