Lineslinger
FULL MEMBER
- Joined
- Feb 2017
- Messages
- 2,023
From Aston Martin and Brough......
Only works if you have a serious wod of money, with somewhere to store said vehicle safety, and you are stewed enought to buy something that will inflate in price faster than inflation, you really need your head screwed on and are able to stay aheard of the ball game.Thing is thatif you are in the blessed position of having serious wedge in the bank, it will slowly or not so slowly get eaten by inflation.You might as well have the pleasure of looking at a vehicular instantiation as digits on a computer generated statement.
Only works if you have a serious wod of money, with somewhere to store said vehicle safety, and you are stewed enought to buy something that will inflate in price faster than inflation, you really need your head screwed on and are able to stay aheard of the ball game.
As a cautionary tale of 'investing' in classic cars (as opposed to new), the figures here are eye watering:Money in bank loses at about 2-3% per year... Yes you need storage but I was thinking that I might as well have a Morgan sitting in my garage at roughly the same cost as having the money in the bank.. Makes it easier to swallow the price tag which otherwise would seem quite outragous..
What would work as investment proper not sure , easy to come unstuck trying to be clever.
Money in bank loses at about 2-3% per year...
Your description of Mike the bike holds true, but wouldn't we all like to have his talent?One of my friends has always had money. The last time I saw him, he had a Cord and a 300SL Mercedes and a 750 MV Agusta. He used to race a Manx many years ago and was hopeless. Another of my friend said 'he has just got too much money' . Money cannot buy you ability, but it can give you a very good start. Mike Hailwood did not start by racing rubbish, and he probably did not even know how to hold a spanner.