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#1
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Great comments & feedback, thanks. I posed this question hoping to get these types of opinions/responses. In general I feel the same as most have responded. Diversify, be smart about what you are putting your $$ into, be it real estate, investments or some nice muscle. I think everyone has been affected by the current financial mess that is/has been upon us. I feel a lot of it is reverse speculation, vs what we had a few years ago when you could buy just about any type of muscle car and it would immediatley appreciate, as zedder referred to. Alot of this was due to the speculation in the market & the easy credit that was available then. I do beleive that in the current times, the best cars will rise to the top and still command good money, although not what these same cars would have sold for a year or two ago. Not so sure the same can be said about the 401K/retirement accounts out there. I think these accounts are still in for a wild ride for a while.
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#2
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Nothing can keep going up forever without corrections in any markets. The good thing about cars is they don't disappear overnight, and are much more fun when you go to car shows to bring than stock certificates and bank books. Keep buying!
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#3
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Amen Mr P...
IT is just the beginning, November delivery of OCC bales (old corrugated containers) which is what is used as feed stock for the majority of all recycled paper and paperboard WORLD WIDE is off by 50%... Prices have not been at current levels since 2001... hmmm thats about right, the level before the latest inflationary period. A correction is a necessary evil in order to have any foundation upon which to grow... "It seems the only thing we learn from history is: We don't learn from History." ~ Ron Paul 2008
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~JAG~ NCRS#65120 68 GTO HO 4 spd Alpine Blue /Parchment 2 owner car #21783 71 Corvette LT1 45k miles Orig paint - Brandshatch Green - National Top Flight - last known 71 LT1 built. 71 Corvette LT1 42k miles Original paint - Black - black leather - only black LT1 known to exist. NUMEROUS Lemans blue Camaros, Monza Red and Daytona Yellow Corvettes & a Chevelle or two... Survivors, restored cars, & other photos https://picasaweb.google.com/lh/myphotos |
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