Classic Car Investing??

[CoffeeTalkJoe]

http://carsandcoffeetalk.blogspot.com/2014/02/buying-classic-carhind-sight-is-always.html Who is planning to sell their 401K and start investing in Classic Cars?????

Check out my newest blog and find out if you can make it work!

[jy211]

machine guns better option :lol: :bigun2:

[rjsjea]

You'd be better off cashing out the 401K and burying it in a coffee can in the backyard

[camcojb]

machine guns better option :lol: :bigun2:

You'd be better off cashing out the 401K and burying it in a coffee can in the backyard
Wait until Greg Weld finds this thread.......... :lol:

[ErikLS2]

Wait until Greg Weld finds this thread.......... :lol:

If we could only find a way for classic cars to PAY a regular dividend instead of evaporating one.

[GregWeld]

Joe....



GO here....


http://www.lateral-g.net/forums/showthread.php4?t=34700



Read it until you understand investing, and then re-write your blog. :lol:

[CoffeeTalkJoe]

Wow.................that's is incredible!!!! I had not sen this thread......Share my blog article and stir the pot :stirthepot:

[CoffeeTalkJoe]

FYI.......my blog article is just my opinion :) I'm not a CPA :) Thanks!!

[CoffeeTalkJoe]

http://finance.yahoo.com/blogs/daily-ticker/classic-cars-best-alternative-investment-163501671.html

Here is another article from Yahoo about the subject!

[Vegas69]

Joe, this is similar to offering an alcoholic a beer.

[CoffeeTalkJoe]

LOL............sorry :confused18:

[Revved]

Like any other investment it is about timing... Back in 08 when everything started crashing I have a client in the oil business who pulled back on oil and started buying up the fire sales from the guys who bought tons of cars at Barrett Jackson when the market was going up. He was buying stuff for half of what they paid and went from 0 to 60 cars in two years. He now has a "museum" where he drives what he wants and everything is for sale.

These pics were from back in 2011 when he had a Unique Performance 65 G.T. 350 SR in the collection which is how he came in contact with me. I'll share these only because they are old pics and he has moved everything to his museum building which is a public location- I don't share pics of private collections without permission.
http://i696.photobucket.com/albums/vv328/RevvedAC/DSCN7646_zps92ef52cc.jpg
My one regret about this situation was that I had Bailout right in front of me and didn't spend a bunch of time pouring over it looking at their detail work!!!
http://i696.photobucket.com/albums/vv328/RevvedAC/DSCN7647_zps038c21dd.jpg
http://i696.photobucket.com/albums/vv328/RevvedAC/DSCN7649_zpsbb9ca4e0.jpg
http://i696.photobucket.com/albums/vv328/RevvedAC/DSCN7650_zpsa3bfdf23.jpg

http://i696.photobucket.com/albums/vv328/RevvedAC/DSCN7654_zps869043b0.jpg
http://i696.photobucket.com/albums/vv328/RevvedAC/DSCN7656_zpse27d4293.jpg

[CoffeeTalkJoe]

OMG..............Awesome collection!!!

[CoffeeTalkJoe]

http://www.conceptcarz.com/a6421/EXCEPTIONAL-66-MILLION-RMS-AMELIA-ISLAND-SALE.aspx

Looks like sales are on the way UP!!!!!