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09-12-2007 07:44:14
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Re: tractor and autos as investments? chime in in reply to havvey, 09-12-2007 04:48:29
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I feel that collecting isn’t a very good investment, just to be investing your money. In order for a new car to ever be worth anything to a collector, you must store it for at least 30yrs, never drive it and hope nothing ever happens to it. Think about what could happen to your investment, it could be stolen, the garage it is in could burn down or some kind of a natural disaster could strike such as a flood, a hurricane or a tornado, if there is any trees around, one could fall down and crush it in the garage, etc…. No way would that be fun. Collectors only want pristine stuff, if it has any flaws, it could be the difference between something that is worth a lot, and something that is just pretty much junk. Most old toys really aren’t worth anything unless they were never played with and still have the original boxes. What fun is it to just store stuff and never do anything with it?. To me, a better investment is stocks, or perhaps bonds and bank cds if you don’t want to take the risk of stocks, however, the stock market really isn’t any riskier and problably has an ever higher return on your money than storing that old car or whatever for years and years hoping that the value goes up. The best thing about owning stocks is you don’t have to worry about the stuff you do if you have something physically to protect.
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