Quote:
Originally Posted by stomachmonkey
(turn on movie guy voice on your head)
A world in which a man can sell the used british car he bought for pocket change in college to a Middle Eastern big shot for 1000% profit.  |
More like 1,400% but when you consider the cost of money. Spark plugs or main bearings bought in 1973, 1975, 2005 etc. , I didn't do that well, as an investment, but still did pretty well. I also had to pay capital gains on that sale.
Funny, I don't remember an IRS agent with oil and antifreeze soaked hair under my car once.
I got to write off a used seized Trannie I bought for $800 in 1979 because I needed the parts. I could only write off the $800 in in 1979 dollars; not 2006 $. (yes, I kept every receipt and put them in an 1,8XX+ row Excel file). In hind sight, if I'd plowed the accumulated money into Apple or Microsoft or Oracle, I'd be worth a whole lot more. OTOH, I got to drive it for 35+ years.