Thrown a bone

[Coronita]

It’s not just a bone, it’s an entire platter. Me thinks the government is doing nothing more than to push folks into riskier asset classes with the intent to reinflate an equity bubble. It also wouldn’t surprise me if most of the the big institutions have already positioned themselves well before this runup so that average joe’s now rushing to the markets drive up their gain..

Just look at how things are, several things are at an all time high and the fundamentals nowhere near justifies them.

I would not want to be an in short position in the markets right now…I have a feeling this is just the beginning….though eventually, me thinks this thing will crash and burn bigtime…

At the same time, what do you do? Hold on to cash or bonds and watch them get decimated?

Enjoy the short term run up while it lasts….At least until early next year.

[sd_matt]

Despite being told that a classic car should be an emotional decision I can’t help thinking that it may be the equivalent to gold. But in this case classic cars are near the bottom of their market. Of course this is much more long-term and not nearly as liquid.

Thoughts?

[sd_matt]

Despite being told that a classic car should be an emotional decision I can’t help thinking that it may be the equivalent to gold. But in this case classic cars are near the bottom of their market. Of course this is much more long-term and not nearly as liquid.

Thoughts?

[sd_matt]

Despite being told that a classic car should be an emotional decision I can’t help thinking that it may be the equivalent to gold. But in this case classic cars are near the bottom of their market. Of course this is much more long-term and not nearly as liquid.

Thoughts?

[sd_matt]

Despite being told that a classic car should be an emotional decision I can’t help thinking that it may be the equivalent to gold. But in this case classic cars are near the bottom of their market. Of course this is much more long-term and not nearly as liquid.

Thoughts?

[sd_matt]

Despite being told that a classic car should be an emotional decision I can’t help thinking that it may be the equivalent to gold. But in this case classic cars are near the bottom of their market. Of course this is much more long-term and not nearly as liquid.

Thoughts?

[AK]

[quote=sd_matt]Despite being told that a classic car should be an emotional decision I can’t help thinking that it may be the equivalent to gold. But in this case classic cars are near the bottom of their market. Of course this is much more long-term and not nearly as liquid.

Thoughts?[/quote]

Hmmm, remember how Van Goghs got bid up to stratospheric levels at the height of the Japan bubble? They’ve recovered their value quite nicely since then. The same couldn’t be said of the Nikkei.

Just factor in the cost of garaging and maintaining a classic car portfolio. It’s a doozy.

[AK]

[quote=sd_matt]Despite being told that a classic car should be an emotional decision I can’t help thinking that it may be the equivalent to gold. But in this case classic cars are near the bottom of their market. Of course this is much more long-term and not nearly as liquid.

Thoughts?[/quote]

Hmmm, remember how Van Goghs got bid up to stratospheric levels at the height of the Japan bubble? They’ve recovered their value quite nicely since then. The same couldn’t be said of the Nikkei.

Just factor in the cost of garaging and maintaining a classic car portfolio. It’s a doozy.

[AK]

[quote=sd_matt]Despite being told that a classic car should be an emotional decision I can’t help thinking that it may be the equivalent to gold. But in this case classic cars are near the bottom of their market. Of course this is much more long-term and not nearly as liquid.

Thoughts?[/quote]

Hmmm, remember how Van Goghs got bid up to stratospheric levels at the height of the Japan bubble? They’ve recovered their value quite nicely since then. The same couldn’t be said of the Nikkei.

Just factor in the cost of garaging and maintaining a classic car portfolio. It’s a doozy.

[AK]

[quote=sd_matt]Despite being told that a classic car should be an emotional decision I can’t help thinking that it may be the equivalent to gold. But in this case classic cars are near the bottom of their market. Of course this is much more long-term and not nearly as liquid.

Thoughts?[/quote]

Hmmm, remember how Van Goghs got bid up to stratospheric levels at the height of the Japan bubble? They’ve recovered their value quite nicely since then. The same couldn’t be said of the Nikkei.

Just factor in the cost of garaging and maintaining a classic car portfolio. It’s a doozy.

[AK]

[quote=sd_matt]Despite being told that a classic car should be an emotional decision I can’t help thinking that it may be the equivalent to gold. But in this case classic cars are near the bottom of their market. Of course this is much more long-term and not nearly as liquid.

Thoughts?[/quote]

Hmmm, remember how Van Goghs got bid up to stratospheric levels at the height of the Japan bubble? They’ve recovered their value quite nicely since then. The same couldn’t be said of the Nikkei.

Just factor in the cost of garaging and maintaining a classic car portfolio. It’s a doozy.

[permabear]

[quote=sd_matt]Despite being told that a classic car should be an emotional decision I can’t help thinking that it may be the equivalent to gold. But in this case classic cars are near the bottom of their market. Of course this is much more long-term and not nearly as liquid.[/quote]

Disclaimer: I’ve considered this too, but am not a classic car expert.

I think classic cars could do well over a long timeline. But, my guess is that over time only the really really rare ones keep their values. Each decade that passes, you lose the “nostalgia effect” of people that are still alive but fondly remember a certain car. On top of that, you have an increasing supply of “new” classics, eg, cars manufactured in the current time.

Right now, people in their 60’s can remember that old Camaro they had when they were in their 20’s. But will today’s 20 somethings give a crap about a 1960’s Camaro in 2050? Probably not, except for esoteric millionaires.

So something that’s a true piece of Americana like a 50’s Chevy or a Gen 1 Camaro would probably do well, but likely only in mint condition. If I were going to do it, my strategy would be to buy a rare car and keep it in mint, stock condition, targeting the ultra-rich of the future, ala a Van Gogh painting.

Which means not driving it, which kinda kills the fun for me.

[permabear]

[quote=sd_matt]Despite being told that a classic car should be an emotional decision I can’t help thinking that it may be the equivalent to gold. But in this case classic cars are near the bottom of their market. Of course this is much more long-term and not nearly as liquid.[/quote]

Disclaimer: I’ve considered this too, but am not a classic car expert.

I think classic cars could do well over a long timeline. But, my guess is that over time only the really really rare ones keep their values. Each decade that passes, you lose the “nostalgia effect” of people that are still alive but fondly remember a certain car. On top of that, you have an increasing supply of “new” classics, eg, cars manufactured in the current time.

Right now, people in their 60’s can remember that old Camaro they had when they were in their 20’s. But will today’s 20 somethings give a crap about a 1960’s Camaro in 2050? Probably not, except for esoteric millionaires.

So something that’s a true piece of Americana like a 50’s Chevy or a Gen 1 Camaro would probably do well, but likely only in mint condition. If I were going to do it, my strategy would be to buy a rare car and keep it in mint, stock condition, targeting the ultra-rich of the future, ala a Van Gogh painting.

Which means not driving it, which kinda kills the fun for me.

[permabear]

[quote=sd_matt]Despite being told that a classic car should be an emotional decision I can’t help thinking that it may be the equivalent to gold. But in this case classic cars are near the bottom of their market. Of course this is much more long-term and not nearly as liquid.[/quote]

Disclaimer: I’ve considered this too, but am not a classic car expert.

I think classic cars could do well over a long timeline. But, my guess is that over time only the really really rare ones keep their values. Each decade that passes, you lose the “nostalgia effect” of people that are still alive but fondly remember a certain car. On top of that, you have an increasing supply of “new” classics, eg, cars manufactured in the current time.

Right now, people in their 60’s can remember that old Camaro they had when they were in their 20’s. But will today’s 20 somethings give a crap about a 1960’s Camaro in 2050? Probably not, except for esoteric millionaires.

So something that’s a true piece of Americana like a 50’s Chevy or a Gen 1 Camaro would probably do well, but likely only in mint condition. If I were going to do it, my strategy would be to buy a rare car and keep it in mint, stock condition, targeting the ultra-rich of the future, ala a Van Gogh painting.

Which means not driving it, which kinda kills the fun for me.

[permabear]

[quote=sd_matt]Despite being told that a classic car should be an emotional decision I can’t help thinking that it may be the equivalent to gold. But in this case classic cars are near the bottom of their market. Of course this is much more long-term and not nearly as liquid.[/quote]

Disclaimer: I’ve considered this too, but am not a classic car expert.

I think classic cars could do well over a long timeline. But, my guess is that over time only the really really rare ones keep their values. Each decade that passes, you lose the “nostalgia effect” of people that are still alive but fondly remember a certain car. On top of that, you have an increasing supply of “new” classics, eg, cars manufactured in the current time.

Right now, people in their 60’s can remember that old Camaro they had when they were in their 20’s. But will today’s 20 somethings give a crap about a 1960’s Camaro in 2050? Probably not, except for esoteric millionaires.

So something that’s a true piece of Americana like a 50’s Chevy or a Gen 1 Camaro would probably do well, but likely only in mint condition. If I were going to do it, my strategy would be to buy a rare car and keep it in mint, stock condition, targeting the ultra-rich of the future, ala a Van Gogh painting.

Which means not driving it, which kinda kills the fun for me.

[Author]

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