Worst Financial Advise Ever

[Blue_69_malibu]

http://finance.yahoo.com/blogs/daily-ti ... 01671.html

These type of cars are SO limited in number. The potential buyers are SO limited in number. They are extremely non-liquid, even by car standards.

The auction houses love them b/c commissions paid by the buyer and seller are huge....and they have almost no skin in the game.

Overall, the article borders on negligence.....from the perspective of a tax/financial professional.

Or I'm just having a bad day. Again.

[Basement Paul]

IMO, once the baby boomers are all gone, so will the value in these cars. If not sooner.

Maybe I'm wrong, but I won't be investing in them any time soon either. Not to mention, you don't need so much storage space for gold.

-BP

[MostMint]

Seals don't dry out on gold either and you don't need insurance.

For that matter do you pay taxes when you buy gold?

[markss327]

It's only worth, what someone's willing to pay.
When the boomers fade...

I agree with BP.

[TireSmoker]

As people age, they will always pay a premium for the stuff of their youth in pristine condition. The cooler the item, the rarer it is, the more people will pay. The problem is, how many of your eggs (dollars) do you want to put in one basket?

-Dave

[Blue_69_malibu]

Ever wonder why none of us write automobile related articles professionally?

I'm sure that we can come up with better stuff than 2/3 of what's out there.

It's great to find an interesting read now and again.

Sometimes, though, you wonder how something made it to "print".

[GMJohnny]

We've already lived through some of this already. Model A's are an example that comes
to my mind. They were crazy dollars and now are worth WAY less because the people who
are interested in them are now passed on. The trick is to buy a car BEFORE it gets "collectible"
then sell it when people really want it. The gamble there is when other people are thinking
what you are and collect them too. Then the market is flooded and you basically saved a
car for no reason at all.... Ask the guys who saved Indy pace car C5 vettes that aren't worth
anything because the newer vettes are so much cooler. Gold is the better investment!!

GM

[Blue_69_malibu]

Did Mr. T wear automobiles around his neck while kicking butt on the A-Team?

No. He wore gold. Lots of it. Even to Turney's. 'Nuf said.

[Basement Paul]

-BP

[Blue_69_malibu]

Nice job, BP.

Sometimes, words just aren't needed.

[GMJohnny]

" I pity the fool who tries to invest better than me."

GM

[Basement Paul]

Sometimes I just really love the 80's.

-BP

[MostMint]

Everyone knows Mr. T also invested in a van. Not sure what that means.

[Basement Paul]

A modern interpretation:

http://3.bp.blogspot.com/_gTJMEP-c2fo/S ... ni-car.jpg

-BP

[Blue_69_malibu]

Sometimes I just really love the 80's.

-BP

I'm really glad that we grew up when we did. It was a much simpler, innocent time...and I could still fit into a pair of 32x32 jeans......and thought I my excessive hair was moppy.