[DeTomaso] Should we purchase vintage cars for our investment portfolio?
Ed Mendez
edducati at mac.com
Wed Aug 19 22:41:23 EDT 2015
I received my Sun Solaris Unix System Admin and Network Certificate in 2000, IMHO They were the greatest makers of Unix RISC based equipment and a rock solid OS.
At one point Sun was just about on the backend of every Fortune 500 company.
and Then...
Larry Ellison F’d it all up.
ORACLE = One Rich Asshole Called Larry Ellison
A shame. I too lost on Sun shares. Pails in comparison to yours. Sorry dude.
Ed
> On Aug 19, 2015, at 19:18, Will Kooiman <will.kooiman at gmail.com> wrote:
>
> 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 _______________________________________________
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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
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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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>>
>> --
>> 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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