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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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At one time I really wanted a 60s Front Engined Ferrari, but I got over that. As far as cars go a 57 Speedster would turn my crank. I allready got the early 911S. I've had a RR and other High Profile autos before and much prefer the anonmity a nondescript car provides. I got tired of people looking at what a big dick I had.
Anyway I take jabs at U because I view U as flash money. Now to be honest I guess I am a bit envious of your stepping in and taking advantage of a market and making good money off of it. But your going to have to provide yourself with a second act, or the money will disappear, and a Ferrari is the first sign of excess. (A newer Ferrari is just a used car, and can't be considered to be collectable, as it has not established a valuation curve, which is built over time. Cavet...beware of things made to be collectable, as they usually turn out to be losers in the long run).
The Kats with the "REAL" money have a totally different mindset than Ferraris in the garage. To them a guy with a Ferrari is a guy who is showing off and saying look at how big my dick is. the Kat with the "REAL" Dinero won't take money out of a money market account a day early if he has to lose interest. In other words he watches the pennies and acts accordingly. Evereything revolves around the highest and best use of money for them.
Now for me, I havespent less than $300 on cloths in the past 2 years, and I'm being generous in the $ amount for accuracy sake. I don't go out to expensive Restruants, Clubs or when I do travel, travel lavishily. Yet I have spent tremdous sums on my "Spoon" collection. Why because it is an asset that will either hold its value which means over time it really is a money loser due to inflation or two will gain in value more than likely at a lesser rate than another investment classes. But those negatives aside it is something where I will get my money back or make a profit while providing me with something I enjoy doing, provides diversification and other benfits as well.
Ted
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"Some Observer"
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