mnjeeper
Well-Known Member
Very good example. Although the world may change a lot, many things remain the same. Best profit potential on the 392 is to flip immediately like the C8 example given. Even a fast $10K is still $10K.Totally agree, and let me give you an extreme example from the year I was born:
Let's say two friends each had $3,000 burning a hole in their pockets in 1955. One buys a brand new 1955 Porsche Speedster and the other, because he can't drive a stick, invests his $3,000 in the S&P 500. The dork (who can't drive a stick in 1955?) was dumb because 356 Speedsters are now one of the most sought after, best appreciating classic vehicles, ever - worth almost $300K today. 100x more than the original price. Great investment - right? Actually the non-stick shift guy's stock is now worth $350K and he didn't have to insure, maintain, and store the car for the last 65 years. And...the Speedster buyer wasn't allowed to drive it often for fear of damaging his investment.
The Porsche example was with PERFECT hindsight. Expecting a positive financial experience through investing in motor vehicles is largely a myth.
And...a 2021 Jeep ain't no '55 Porsche.
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