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Former Options Trader !!!
Join Date: Feb 2003
Location: Bucks County PA
Posts: 6,757
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Quote:
Originally Posted by 75 911s
^Nice try classic car investor!
Just kidding, but didn't a German bank recommend investing in classic cars recently?
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I would not advocate that either. I also think buying an old Porsche is not exactly what they meant. The scenario I painted above is the story most people here ask about. My guess is the "German Bank" was talking about collector grade vehicles that you're not going to drive. Even if that's the case, I still think that's nuts unless you're in the business.
Hey the guy who bought a pristine low miles RSA or an 89 Turbo or something along those lines 15 years ago, may have made some money in real terms. But...only if he didn't drive the car a whole lot, did the work himself and sold the top of the market.
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Current:88 Guards Red Coupe, 89 Coupe Track Rat, 76 Caddy Eldo Convert. 2015 Aprilia Tuono
Wrecked 1987 Targa Guards Red, 2003 Ducati ST4S
Sold 1987 Granite Green Targa, 993's, 93 RSA, other 964 coupes, 89 911 Turbo Ruf mods, 90 e30 M3, 07 BMW R1200S STOLEN 94 Speedster
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