Originally Posted by
Nantonaku
When you build a large enough portfolio of money producing assets (CDs, dividends, business payments) then you can actually live without working and still grow your wealth. Unless you are a professional trader I don’t see how a Ferrari is part of an investment strategy. What is insurance costs on something like this? Where does a normal person drive something like this in a northern city where massive potholes are the norm?
not everything has to be a maximized effort at wealth accumulation. You can buy a lot of niche cars, enjoy them, and make a little or not lose a lot of money on them. A CD is great, but it’s way more boring than a 70-year-old Vincent.