Appreciation

[trader220]

Originally Posted by NYNick

Investing in your personal cars for profit and factoring in maintenance and carrying cost is a fools errand. Do you factor in the carrying costs of your home when figuring current value? Oil, Electric, landscaping and repairs over the years? Of course not. You value the asset, not the costs of owning the asset.

...and you can't compare a car to an etf, trader. BTW, good luck making the returns we all made in 2017! If only!

As a business model and not a hobby, cars are a whole different kettle of fish. For most of us, it's the latter. Hobbies shouldn't be viewed as investment vehicles (hey a pun!). Rather, if you happen to make money on your hobby, good for you! You're either savvy or lucky. But don't quit your day job.

If you're investing in homes you'd better factor those things into the valuation. You also have to figure the future value of the cash flows.

Sure my example was a bit extreme but the point I was making is these cars, with a few exceptions, are NOT good investments. The easy money has been made and is gone.

[1979-930]

Originally Posted by trader220

If you're investing in homes you'd better factor those things into the valuation. You also have to figure the future value of the cash flows.

Sure my example was a bit extreme but the point I was making is these cars, with a few exceptions, are NOT good investments. The easy money has been made and is gone.

^^^ At least Trader and I agree on two things. Guards Red is awesome and cars are NOT good investments.

[Matt Monson]

With homes you also can finance them and write off the interest. Try doing that with a car.

[1979-930]

^^^ Oh boy. I saw that movie 10 years ago.

What the heck. Where did the refinance your house to buy a car post go? Post deleted??

Sent from my iPhone using Tapatalk

[Catorce]

Originally Posted by Matt Monson

With homes you also can finance them and write off the interest. Try doing that with a car.

But not all the interest......

Welcome to CA

[Matt Monson]

Originally Posted by Catorce

But not all the interest......

Welcome to CA

Trump's America. You still think he's as brilliant as before?