Thoughts on this Hobby

[slowforty]

Speaking of decisions, I guess 35 years ago when I bought an extra rebuilt 39 transmission for 300$ was one of my better ideas.

[tubman]

Originally Posted by slowforty

Speaking of decisions, I guess 35 years ago when I bought an extra rebuilt 39 transmission for 300$ was one of my better ideas.

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.

[Kube]

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.

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.

[tubman]

Originally Posted by Kube

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.

And great skills and perseverance, if I may add.

[BlueSunoco]

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.

Tubman, now I am depressed


BUT after going through Non-Hodgkins Lympoma years ago, at the time they gave me two weeks to live, I made the realization that investing money for 'when you get old' mainly benefits the people you are giving the money to, to invest. Sitting on that examining table getting THAT news, all of a sudden interest rates and CD's and investments and all of that BS doesn't mean anything. Anymore.
I still subscribe to that, as our lives are fleeting past and we'll all be doing the dirt nap sooner than we think!i If something makes you happy you better get out there and BUY it today regardless of the cost. Tomorrow never comes.

The Legal Profession and Medical, Inc. are going to clean out those bank accounts. Best to die completely broke.