It passed.
03-07-2023 | 12:07 PM
#321
Gets Weekends Off
Joined: Mar 2015
Posts: 13,230
Likes: 677
From: ir.delta.com
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?
Last edited by notEnuf; 03-07-2023 at 12:43 PM.
03-07-2023 | 12:25 PM
#323
Can’t find crew pickup
Joined: Jun 2021
Posts: 3,038
Likes: 189
I know too many that lived like misers and then died early and did nothing but leave a pile for someone else to spend. Not that I’m going to be reckless but I will enjoy what I make.
03-07-2023 | 01:57 PM
#324
Line Holder
Joined: Apr 2020
Posts: 300
Likes: 23
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?
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.
03-07-2023 | 02:28 PM
#325
Line Holder
Joined: May 2009
Posts: 516
Likes: 6
From: 756
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.
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.
03-07-2023 | 02:30 PM
#326
Gets Weekends Off
Joined: Nov 2019
Posts: 205
Likes: 0
03-07-2023 | 02:32 PM
#327
Gets Weekends Off
Joined: Apr 2007
Posts: 5,531
Likes: 497
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.
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.
As far as indulgences go, a used Ferrari is not absurd. The biggest cost in most states is the sales tax.
03-07-2023 | 03:29 PM
#328
Banned
Joined: Sep 2016
Posts: 8,831
Likes: 499
Anyone who thinks cars can't be good investments clearly hasn't visited www.bringatrailer.com
03-08-2023 | 05:51 PM
#329
Gets Weekends Off
Joined: Nov 2020
Posts: 2,906
Likes: 161
From: Enoch Powell Enthusiast
2. Accurate. (and she's older than I am...with a bloody pension of her own. "The fairer sex" vs. "The patriarchy" - I choose the FS- apparently an option now; alas, not quite willing to transition.)
Last edited by DeltaboundRedux; 03-08-2023 at 06:05 PM.
03-08-2023 | 05:59 PM
#330
Gets Weekends Off
Joined: Nov 2020
Posts: 2,906
Likes: 161
From: Enoch Powell Enthusiast
(Have CD's, do ladder, older I get the more I'm convinced that real estate is only investment worth a darn. With the exception of "people who chose to live outdoors", everyone needs a place to live)
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