[DeTomaso] Should we purchase vintage cars for our investment portfolio?
Will Kooiman
will.kooiman at gmail.com
Wed Aug 19 22:18:45 EDT 2015
Don¹t even get me started on Sun Microsystems.
I did stock market software for about 6 years. During that time, I was
very active in the stock market. I had a run for about a year where I
made about $850K by day trading. I was right at $1M, so I called it quits
and bought about $600K in Oracle and about $300K in Sun. And then, Larry
Ellison fired Ray Lane, and both Oracle and Sun took a dive. A year
later, my $950K was worth about $90K. Numbers are foggy. Don¹t make me
look it up. I stopped trading for 2-3 years, and briefly got back into
the market for a slight rebound, but that really drove home the adage,
easy come, easy go.
A few years later, the stock market was soft, so my wife sold some mutual
funds and bought some art. We can¹t drive it, but we enjoy it. It might
not be going up in value, but neither was her mutual fund.
So, that¹s how I view collector cars. If you are buying them to store and
watch them go up in value, you better be damn good or lucky at buying. If
you plan on spending a lot of time with them, wrenching, washing,
polishing, or preferably driving them, they pay you back in enjoyment.
Nobody ever talks about buying boats for investments. Why does everyone
try to make it a big deal with sports cars?
On 8/19/15, 12:21 PM, "DeTomaso on behalf of Joseph F. Byrd, Jr."
<detomaso-bounces at poca.com on behalf of byrdjf at embarqmail.com> wrote:
>I had never seen a LOG scale used to show stock price history!
>I hope you got the majority of you ESP out!
>
>-----Original Message-----
>From: DeTomaso [mailto:detomaso-bounces at poca.com] On Behalf Of Thomas
>Tornblom
>Sent: Wednesday, August 19, 2015 10:08 AM
>To: detomaso at poca.com
>Subject: Re: [DeTomaso] Should we purchase vintage cars for our investment
>portfolio?
>
>I joined Sun in Nov 1996 and got on the employee stock purchase program
>where we could buy Sun stock for part of our salary, at a 15% discount.
>
>In the years they had normally two 1:2 splits per year.
>
>You can see the stock price at: http://k0lee.com/2009/10/sun-also-sets/
>
>I learned after I had bought the car that my wife was not happy about me
>buying it, and beeing male I guess I was blind to any hints to that
>effect.
>
>After I explained that if I had kept the Sun Stock it would have only been
>worth about 1/5:th of what the car was worth, and with the recent hike it
>is
>now more like 1/10:th.
>
>She's happy now :)
>
>Cheers,
>Thomas
>
>
>Den 2015-08-19 14:12, Sean Korb skrev:
>> I really never thought of it that way... I had very meager
>>retirement
>> savings at the time but I bought my Pantera with everything I had,
>> cashed out in 2000.A It survived both that recession and the next
>>and
>> has tripled in value.A Not bad!
>> But that has nothing to do with why I bought it and still own it :)
>> sean
>>
>> On Wed, Aug 19, 2015 at 12:35 AM, thomas <[1]thomas at hax.se> wrote:
>>
>> I sold most of my Sun Microsystems stock to buy my GT5 in March
>> 2000. That has turned out to be the best timed deal ever for me.
>> Thomas
>>
>> > 19 aug 2015 kl. 01:10 skrev Jeff Detrich <[2]jjdetrich at gmail.com>:
>> >
>> >A A If you had used some of your stock portfolio to buy a classic
>>or
>> >A A vintage car just before the stock market crash, it would have
>> saved you
>> >A A from losing a lot of money on those assets. Does that count?
>> >A A Jeff
>> >
>> >A A On Mon, Aug 17, 2015 at 6:03 PM, John Taphorn
>> >A A <[1][3]jtaphorn at kingwoodcable.com> wrote:
>> >
>> >A A A This Bloomberg story greeted me at my office this morning.
>> Here is
>> >A A A one person's opinion on vintage cars as an investment.AA
>> Would you
>> >A A A agree?
>> >A A
>> A
>[2][4]http://www.fa-mag.com/news/why-a-classic-car-is--almost--never-
>> a-
>> >A A
>> A
>>good-investment-22791.html?utm_source=PW+Subscribers&utm_campaign=f7
>> >A A
>> A
>>ee052d6d-PWN_PW+News_081715&utm_medium=email&utm_term=0_1899ce8517-f
>> >A A A 7ee052d6d-232404493
>> >A A A JT
>> >A A A _______________________________________________
>> >A A A Detomaso Forum Managed by POCA
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>> >
>> > References
>> >
>> >A A 1. mailto:[7]jtaphorn at kingwoodcable.com
>> >A A 2.
>>
>[8]http://www.fa-mag.com/news/why-a-classic-car-is--almost--never-a-goo
>>
>d-investment-22791.html?utm_source=PW+Subscribers&utm_campaign=f7ee052d
>>
>6d-PWN_PW+News_081715&utm_medium=email&utm_term=0_1899ce8517-f7ee052d6d
>> -232404493
>> >A A 3. mailto:[9]DeTomaso at poca.com
>> >A A 4. [10]http://poca.com/mailman/listinfo/detomaso_poca.com
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>> >
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>> --
>> Sean Korb [15]spkorb at spkorb.org [16]http://www.spkorb.org
>> '65,'68 Mustangs,'68 Cougar,'78 R100/7,'60 Metro,'59 A35,'71 Pantera
>> #1382
>> "The more you drive, the less intelligent you get" --Miller
>> "Computers are useless.A They can only give you answers." -P.
>> Picasso
>>
>> References
>>
>> 1. mailto:thomas at hax.se
>> 2. mailto:jjdetrich at gmail.com
>> 3. mailto:jtaphorn at kingwoodcable.com
>> 4. http://www.fa-mag.com/news/why-a-classic-car-is--almost--never-a-
>> 5. mailto:DeTomaso at poca.com
>> 6. http://poca.com/mailman/listinfo/detomaso_poca.com
>> 7. mailto:jtaphorn at kingwoodcable.com
>> 8.
>http://www.fa-mag.com/news/why-a-classic-car-is--almost--never-a-good-inve
>st
>ment-22791.html?utm_source=PW+Subscribers&utm_campaign=f7ee052d6d-PWN_PW+N
>ew
>s_081715&utm_medium=email&utm_term=0_1899ce8517-f7ee052d6d-232404493
>> 9. mailto:DeTomaso at poca.com
>> 10. http://poca.com/mailman/listinfo/detomaso_poca.com
>> 11. mailto:DeTomaso at poca.com
>> 12. http://poca.com/mailman/listinfo/detomaso_poca.com
>> 13. mailto:DeTomaso at poca.com
>> 14. http://poca.com/mailman/listinfo/detomaso_poca.com
>> 15. mailto:spkorb at spkorb.org
>> 16. http://www.spkorb.org/
>>
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>>
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>
>--
>Real life: Thomas Törnblom Email: thomas at hax.se
>Snail mail: Banvallsvägen 14 Phone: +46 18 32 31 18
> S - 754 40 Uppsala, Sweden Mobile: +46 76 209 8320
>
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