Quote:
Originally Posted by tubman
Consider this : If you invested $300 in the S&P 500 at the beginning of 1980, you would have about $48,856.17 at the end of 2025, assuming you reinvested all dividends. This is a return on investment of 16,285.39%, or 11.88% per year. This is for 45 years, not 35, but you get the idea.
Cars and parts are not investment vehicles.
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Well, yes and no.
As you know it's all about when you buy and how much you paid and when you sell and how much you sold for.
Typically, as you have suggested, long term ownership does not do as well as simply investing well and "fogetaboutit".
I was a weird "kid" in that I took nearly all of the profits from my old car "adventures" and invested them starting at the ripe old age of seventeen.
At 47, twenty some years ago, I was able to retire with little worries primarily because of that strategy and well, lots of hard work and a great career.