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Old 08-31-2006, 11:23 PM
Ngtflyr Ngtflyr is offline
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Default Re: Mecum Auction COPOs everywhere

I look at it this way, I have a degree in Finacial Management. I trusted the stock market up until about the year 2000. There is as much fraud going on in the stock market as there is in #'s matching documented muscle cars. If you have all your eggs in one basket you are asking for trouble. Diversification is the key, I look at muscle cars as part of my investment portfolio. Additionally, when I was a kid I was observing the peak of the horsepower wars and all I thought about was cars and sports, until a few years later when girls entered the picture. So in addition to stocks and real estate, I have some money tied up into muscle cars. I have taken hits in the stock market and will probably see my real estate values go down over the next few years. I have the cars not only because of the investment potential but because I always, since I was about 9 years old, wanted a lot of different makes and models. If I buy a car now and the market takes a hit I will be stuck with a car I really like and will enjoy driving, showing, and tinkering with it for a long time. Those that are in it for the money better have the ability to take the loss or ride out a market correction if and when it happens. If you think this market will keep going up, up and away, you might want to reconsider. I understand there is a finite number of these cars but the pool of people who owned or wanted to own these cars is definitely getting older and they or their heirs will sell what they own. The $64,000 question is how long will the market continue going up, part two is how much of a correction will we see. I looked at the real estate market the last few years as an unhealthy trend that wasn't sustainable and now we are seeing the correction. Before that it was the dot com boom / bust. At this point I'm not selling my cars but I own them all free and clear. Probably the smart move to make right now is to sell the cars and poise to pick up real estate when all those interest only balloon loans start coming due. Either that or open up another damn Starbucks. My $.02 worth.
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