When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.
If anyone is looking to sell a 911R for around $175-200k, or a 991 GT2RS for $225-250k or a 997 4.0 for $250-300k, let me know. I'm a buyer and can wire money fast.
guaranteed this will happen. much sooner than you think.
Go down the Forbes 500 list and see how many people got on there by collecting guns, watches, or mass produced Porsche GT cars. It will be 0. And how many are there by owning stocks which simply represent a partial ownership in a business. Some people simply don't have the temperament or the ability to compute simple math to understand such simple things like compound interest and opportunity cost.
“I think it's in the nature of long term shareholding of the normal vicissitudes, in worldly outcomes, and in markets that the long-term holder has his quoted value of his stocks go down by say 50%. In fact, you can argue that if you're not willing to react with equanimity to a market price decline of 50% two or three times a century you're not fit to be a common shareholder, and you deserve the mediocre result you're going to get compared to the people who do have the temperament, who can be more philosophical about these market fluctuations."
-Charlie Munger in October of ‘09.
I don't think White6Speed's post (or for that matter, the large number of others who talk about value) is really about cash value of a material product. It's about what makes them happy. Sure, we may like to have some bragging rights, but Porsche ownership tends to go much deeper than that.
Recent buyer. Since funds used have nothing to do with "reserves," current or pending short-term value is n/a.
But the value in terms of stress relief and distraction has been immense, that's for sure.
Wouldn't be very excited about capitalizing on GT3 or exotic car distress sales. Not under these circumstances.
Just a hunch, but think GT3 owners are probably a pretty financially astute group of owners. (Relative to other 100k+ autos.) If a bunch flood the market at deep discounts, that would be a sign that it's really hit the fan... And even at 1/2 current values, the money probably won't count for much.
Think we're most likely to see a general pause on both buying and selling.
When the highways look like this my cars value went up in my eyes. Drive. Enjoy. That’s the real value. I drove 50 miles one way to buy toilet paper that I didn’t need and the walk back to the car after shopping. Priceless.
When the highways look like this my cars value went up in my eyes. Drive. Enjoy. That’s the real value. I drove 50 miles one way to buy toilet paper that I didn’t need and the walk back to the car after shopping. Priceless.
We just got 2 trillion pumped into the economy.. if you're quick on the draw tomorrow will be a great day for your stock portfolio..
Question is.. can 2 trillion help the massive glut of sports cars in the market?
i think the buying opportunity was Monday before the massive gains of Tuesday..so many deals..now i feel they all went up way too fast and will come back down again..i'm too jittery & had a bad experience with market before so now gonna sit it out and then complain how i missed out..again
We just got 2 trillion pumped into the economy.. if you're quick on the draw tomorrow will be a great day for your stock portfolio..
Question is.. can 2 trillion help the massive glut of sports cars in the market?
Originally Posted by Tarek307
i think the buying opportunity was Monday before the massive gains of Tuesday..so many deals..now i feel they all went up way too fast and will come back down again..i'm too jittery & had a bad experience with market before so now gonna sit it out and then complain how i missed out..again
The $2 trillion isn't really stimulus, it's mostly helping to fill gaps in revenues and incomes to help keep companies and people afloat as they sit idle. Massive corporate and individual socialism. We can print money all we want, but in the end it will eventually need to paid for by more taxes and/or inflation.
I think the $2 trillion bill was already built into market prices a few days ago. Given all the uncertainty about how the pandemic will play out and the effects on the economy, with plausible scenarios spanning a wide range from "temporary dip with strong recovery" to "dark ages worse than the great depression", my plan is to move to cash if the market has a nice bounce in the coming days/weeks. Since I can see the market potentially losing more than 50% off its highs (or not!), I'm not eager to try to time the market and buy low. Would rather be on the sidelines preserving capital and potentially missing gains, rather than risking losses which could take years to recover from in order to seek gains.
The $2 trillion isn't really stimulus, it's mostly helping to fill gaps in revenues and incomes to help keep companies and people afloat as they sit idle. Massive corporate and individual socialism. We can print money all we want, but in the end it will eventually need to paid for by more taxes and/or inflation.
I think the $2 trillion bill was already built into market prices a few days ago. Given all the uncertainty about how the pandemic will play out and the effects on the economy, with plausible scenarios spanning a wide range from "temporary dip with strong recovery" to "dark ages worse than the great depression", my plan is to move to cash if the market has a nice bounce in the coming days/weeks. Since I can see the market potentially losing more than 50% off its highs (or not!), I'm not eager to try to time the market and buy low. Would rather be on the sidelines preserving capital and potentially missing gains, rather than risking losses which could take years to recover from in order to seek gains.
fully agree , and I am hoping for a good bounce to sell , the more I study the situation , the more I am concerned about the economical outcome for us and the rest of the world...
we need to design a good protective mask with eye cover that is comfortable to wear and mass produce it quickly and give it to every one , and lift restrictions so the economy start moving again
This is why you don’t lease or finance depreciating assets. Pay cash and if **** hits the fan like it has, you don’t have monthly payments to worry about.
not sure I agree. If you laid out, say, $150k in cash for your car, when **** hits the fan you don’t have that cash available to buy toilet paper unless you sell your car in a fire sale. If you kept that cash, you could use it to pay your monthly lease and buy toilet paper.
03-22-2020, 09:45 AM
