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Buy, Sell, Hold

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I'll be running out as always /ubbthreads/images/graemlins/nonono.gif and do excatly what the wall Street people tell me /ubbthreads/images/graemlins/nonod.gif and make millions of dollars - or lose everything.

I have not a single penny invested in the worlds's largest casino and I have lost nothing from it either. Stock market and investment consultants - /ubbthreads/images/graemlins/pukeface.gif
 
Buy, Sell, Hold -- too bad they didn't have a category called 'Drive' as that is where our cars belong.

I'll be sure to keep my eyes open for that collectible Olds Vista Cruiser.
 
Well, the buy list and hold list are Muscle car heavy with the sells being pretty heavy in the Brit field. I think that they have put too much emphasis on the past few years track records and not enough on history.

Muscle cars have ruled the hobby in recent years with huge gains in price. However we are steaming into high gas prices again, which killed the guzzlers last time. I personally think that now would be a good time to buy and hold LBC's as thier greater fuel economy will increase thier desirability in coming years.

But that is only my if you have to have it advice. My real advice is if you are interested in money, cars are not the way to go.
 
Just the thought of an Olds Vista Cruiser makes me quiver with anticipation. Kinda takes the sting out of the WSJ report. But if it says so in the newspaper, it must be true.

Scott
 
hold
 
Not even hold - Keep and drive.
 
I don't understand how anyone could restore a Healey and then sell it, unless there's some financial disaster looming.

Just too beautiful to let go, I'd think.
 
Not sure about others but it is hard to sell any great car.

Bruce
 
"It place Austin Healey's in the "sell" category."

...the implication of which is either that one would have to buy another Healey at inflated prices or be without one.

In either case, what kind of advice is that?
 
[ QUOTE ]
However we are steaming into high gas prices again, which killed the guzzlers last time.

[/ QUOTE ]

This is relative. The Healey doesn't quite qualify as an economy car unless set alongside one of the muscle cars. By comparison to the smaller LBCs its a bit of a gas hog.

The cost of fuel is virtually irrelevant for something like a Healey or most other LBCs that's likely going to be driven only a modest amount for fun, rather than serious commuting or work.
 
I will graciously offer to "hold" anyones Big Healey for as long as they will let me.
Jeff /ubbthreads/images/graemlins/angel.gif
 
I will graciously offer to "hold" anyones Big Healey for as long as they will let me.

Jeff...I like your attitude..and good thinking... /ubbthreads/images/graemlins/smile.gif
 
I suppose there are those that like to purchase, fix-up and then sell and go to the next 'fixer-upper'. I, too, enjoy making something nice out of something, but just cannot seem to then sell it. I have been owned by my BJ8 since 1972 and quite a few situations have arisen that many would have used as an excuse to sell the car, take the cash and go forth. I have not regretted keeping my car and will probably still have her when I breath my last breath. Then the kids' husbands can fight over her! Point is: My Healey is much more than an investment to me. She is a reminder of many good times and places and gives me hope for many more when I see her sitting in her garage stall. Just patting her fender when I go by on my busy routine gives me a sense of joy that I would really not want to do without. My vote is: Hold.
 
The Wall Street Journal should stay out of the car world. Cars as investments have always left a "bad taste" in my mouth. There's way too much emotional investment encountered in owning any classic car. My two cents worth.
 
Frankly, I don't know how much expertise the WSJ has in the old car "business", if it is a business. I don't trust their stock recommendations, either! AL Bradley
 
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