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Former Options Trader !!!
Join Date: Feb 2003
Location: Bucks County PA
Posts: 6,757
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rd,
I agree, with your long term assesment. I don't look at them as an investment. The current pricing curtails my ability to go from car to car because the risk in a $60k car is greater than the risk in a $25k car, when compared to the amount of capital I put aside for car enjoyment. From that perspective a sell off is welcome. That way I can roll into something else when I feel like.
As far as hedging my cars with SnP Futures>>>> No Way. If you want to be short the market then thats fine but shorting the market because you're long some cars probably isn't a good idea.
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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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