Vintage Porsches Mean Big Money on Wall Street
Counterfeiting and liquidity issues aside, vintage Porsches becoming a popular alternative for personal financial portfolios.
Is your mantra “In Cramer We Trust”? Do you seek the wisdom of Ric Eldeman when deciding where to put your money next? Have all of those “invest in gold” ads gone to your head? While stocks, bonds, and precious metals are good to have in your financial portfolio, why not add something more enjoyable to the portfolio, like a vintage Porsche 911?
According to Bloomberg, German bank Suedwestbank AG says investors in Germany should consider vintage Porsches and other German makes as a new option for alternative investments like art and wine.
Suedwestbank AG vintage car expert Jens Berner says classics like the 911, 914/6, and 959 “can be an attractive addition to their portfolio in terms of yield and value stability” for those with more than 1 million euros in liquid assets. According to the bank’s OTX Classic Car Index, which measures the value of vintage German vehicles over 30 years of age, Porsche 911 owners saw their investments grow 683 percent in value since the first issue of the index was published in 2005.
Before you hit up Hemmings or the DuPont Registry to find your next investment, however, there are risks which could affect the value to the Porsche you bring into your alternative portfolio. Frank Wilke of car market observer Classic-Analytics says counterfeits and liquidity are the biggest issues when considering an investment. But those issues can be navigated with an expert on hand to point out where things are right and wrong with a given car as far as value goes.
While trading and selling on Wall Street is always going to play a big part of a financial portfolio, a vintage Porsche is a great way to ride out economic troubles, whether tucked away in a warehouse, or out on the highway.
