Cars are not investments. Even these seemingly meteoric rises in prices really don't show the whole picture. First, you'd have to be incredibly lucky to time the buy and sell transactions to take best advantage of the most price movement. But you'd also have significant costs: insurance, transportation, auction fees, etc. Let's compare a Ford GT bought new: $150K in 2005 (ignoring any optional features or dealer markup) $798K in 2022 (ignoring any costs and fees) 452% gain over 17 years, or 26% average annual gross gain (net after sales commission, but no other expenses included). True gain after estimated costs is more likely closer to 20%/year. The same money invested in AAPL (not a sandbag pick, as I've been invested in AAPL, but AMZN or several other companies could have been chosen here 😞 Stock price June 30, 2005 (adjusted for splits 😞 $1.32 Stock price today: $171 (+/-, price has been higher often recently) 12,954% gain over 17 years, or 762% average annual return. AMZN would have returned 549% average annual. TSLA would have returned %1033% average annual since June 30, **2010** Yes, those stocks might be considered outliers, but they weren't exactly hidden finds. They've been very much in the public mind and press and were easily accessible to investors. For those who say, "but that's investing all in one stock, which is not a wise investment strategy," I say, the same money was invested all in one other investment (a single car), which is equally wise/unwise. Even investing in the NASDAQ composite index would have netted 40% average annual return, or double the return on the car. Bottom line: buy the car if you want, but at least ENJOY it. DRIVE it.
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