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?
Nobody said a Ferrari was an investment strategy. But people poopoo it as frivolous and a waste of money when that isn’t necessarily the case. I’m not a professional trader (as you state above) yet somehow I managed to enjoy Ferrari ownership for three years and end up better off financially than I would have had I not bought the car. I certainly didn’t flush 6 figures down the toilet as some of the nay-sayers would like to believe.
Insurance was around $150 a month with a clean record.
I don’t know what you mean by “normal” people or what that has anything to do with roads in the north. Maybe log on to
Ferrarichat.com and ask someone who owns a Ferrari there.