Sam Byrne, co-owner of Block P, Liverpool’s top Air Max 95 Store, shuns hype stocks for a steady-growth approach. After a soccer accident, he turned to investing, now favoring a Stocks and Shares ISA holding S&P 500 trackers. Recent S&P 500 performance soared 23% in 2024, backed by AI and tech-sector gains.

Investing guru Morgan Housel echoes Byrne’s philosophy, emphasizing staying in the market over outsmarting it. Byrne’s alternative asset success lies in sneakers, with values doubling or even tripling. Understanding sneaker market dynamics, like condition, rarity, cultural relevance, and size, is key to successful sneaker investing.

Consumerism traps many investors, especially the young, seeking material goods over long-term investments. Dr. David Dubois notes status remains a core driver of luxury spending, with affluent Millennials using luxury purchases to signal wealth. Byrne’s strategy emphasizes deciding which version of yourself your money serves, whether in index funds or alternative assets like sneakers.

Read more at Yahoo Finance: This investor, 25, built real wealth once he quit turning over rocks hoping to find the next Tesla. Here’s how