Feeling a little foolish and weird for spending $150k on a car
01-03-2022 | 07:09 PM
#466
Rennlist Member
Joined: Jul 2018
Posts: 258
Likes: 128
From: Austin, TX
The way I see it is I can either have a Porsche sitting in my garage or the equivalent cash or payment sitting in my bank account. For me, the former is more enjoyable. For some it would be the later. To each his own.
01-03-2022 | 07:10 PM
#467
Drifting
Joined: Jan 2020
Posts: 2,485
Likes: 1,237
I hate people that make this argument, any risk to your 20% return? How many times have you taken a loan against your so called savings? Why do you think smart financial people will loan you money at that rate? Do you max out you mortgage? Do you max out your margin account? You can make more money in your ETF, you should leverage every dollar you can. How much money do you have in bonds? Should you move all that into aggressive growth?
I recommend never taking financial advice from a car forum.
I recommend never taking financial advice from a car forum.
Beginning of last year I paid off my property in full cash. Not a bad or dumb move by any means but I fully regretted doing so a few months later. Had I not done that, I would have (not could have) tripled that money while still making very comfortable payments on my property which made practically no dent in my account. I took the old fashioned way which was not the best way.
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01-03-2022 | 07:39 PM
#469
Rennlist Member
Joined: Aug 2006
Posts: 9,051
Likes: 1,781
From: Chicago, IL
Originally Posted by LexVan;[url=tel:17881766
17881766[/url]]So, I finally figured out a way not to feel foolish about a $150K spend in 2014. I bought a new GT3 in September 2021. 
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01-03-2022 | 11:11 PM
#470
2nd Gear
Joined: Dec 2021
Posts: 2
Likes: 5
I went through something similar. There is a period of time between you committing and you enjoying the thing. That’s like purgatory of sorts. You feel the pain of spending but don’t feel the enjoyment yet.
Once you get the enjoyment, it will all be better
Once you get the enjoyment, it will all be better
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Martin S. (01-04-2022)
01-04-2022 | 06:06 PM
#471
Rennlist Member
Joined: May 2017
Posts: 1,852
Likes: 647
From: NH/FL
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subwoofer (01-04-2022)
01-05-2022 | 10:25 AM
#473
Pro
Joined: Jun 2018
Posts: 635
Likes: 159
His post is pretty good IMO. You take a risk getting out of your bed every morning. Life is a gamble.
Beginning of last year I paid off my property in full cash. Not a bad or dumb move by any means but I fully regretted doing so a few months later. Had I not done that, I would have (not could have) tripled that money while still making very comfortable payments on my property which made practically no dent in my account. I took the old fashioned way which was not the best way.
Beginning of last year I paid off my property in full cash. Not a bad or dumb move by any means but I fully regretted doing so a few months later. Had I not done that, I would have (not could have) tripled that money while still making very comfortable payments on my property which made practically no dent in my account. I took the old fashioned way which was not the best way.
you should take out the biggest mortgage you can, margin your brokerage account, borrow money from your mom, and just triple it.
good luck.
01-05-2022 | 10:53 AM
#474
Racer
Joined: Aug 2016
Posts: 444
Likes: 464
From: SF Bay Area
That's awesome, congrats. While many people view Porsche GT cars as another type of investment vehicle (pun intended) with the fewer miles added the better, I've seen enough of your posts over the years to know you are enjoying it as intended!