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SP500 flat for the last 18 months.
DJ30 flat for the last 18 months.
NASDAQ flat for the last 18 months.
Bank savings and CDs paying less than 1% interest.
So - if you had $10,000 just laying around (yeah, right ...), would you buy a good condition "classic" and enjoy it while it appreciates in value? (I assume these appreciate more than 1% per year ...). Not a cheap flip - but an investment appreciating for 5 to 10 years.
I'm betting that for many of us, investing in real estate is pretty much out of the question. Who the heck has $250,000 sitting around. Or for that matter, who can afford another mortgage and $2000/month payments. eek
A classic car as a relatively sound long-term investment. Your thoughts?
DJ30 flat for the last 18 months.
NASDAQ flat for the last 18 months.
Bank savings and CDs paying less than 1% interest.
So - if you had $10,000 just laying around (yeah, right ...), would you buy a good condition "classic" and enjoy it while it appreciates in value? (I assume these appreciate more than 1% per year ...). Not a cheap flip - but an investment appreciating for 5 to 10 years.
I'm betting that for many of us, investing in real estate is pretty much out of the question. Who the heck has $250,000 sitting around. Or for that matter, who can afford another mortgage and $2000/month payments. eek
A classic car as a relatively sound long-term investment. Your thoughts?