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Wanna put $100 down behind your boy Manifold that he can post a screenshot of his allocation at MSRP and V200 status?
Or do you have to check with your wife first?
well, I told her you’ve been wrong about all your other predictions, but she said it’s Elder Abuse Awareness month, so I’ll pass.
Yes, because when non-limited cars depreciate it keeps flippers/speculators away and cars are driven instead of stuffed away as an investment collecting dust.
What is this thread really about? Or more precisely, where is the anger coming from? These are just cars and the money involved is piddly in the scheme of things. Do any of you guys REALLY care if the value of the cars goes up or down? The stakes here are pretty low.
I don't short sell stocks, I sell out of the money options...mainly VXX and VIX calls and some NVDA and ARKK puts so I'm up more than I paid for my Touring YTD. If I didn't need to step in for my contingent buyers as their cash buyer then I'd be looking for a CGT but clients first, expensive car later.
I haven't shorted anything either. I don't play that game, too risky. I have some long positions on equities, so doing well there. Sitting on a lot of cash, which I'll invest when there are good buying opportunities.
Have never looked at cars as investments. Took one TTS to the track last week, the other TTS yesterday. If tracking them degrades the value, so be it - the cars want to be tracked, and I enjoyed doing it.
I like the GT3 and 911's in general for many reasons. One of which is that I won't lose my *** on one when I decide to sell. I'm now on my 7th 911 and they've been fantastic cars.
I like the GT3 and 911's in general for many reasons. One of which is that I won't lose my *** on one when I decide to sell. I'm now on my 7th 911 and they've been fantastic cars.
Can we all agree? Can't we all just get along...
That fact that GT cars doesn't depreciate much is a nice bonus but the thing that I love is how dependable and track worthy they are. It's almost like Porsches love to be tracked, it's in their DNA. I always look at any non-limited edition car purchase as a sunk cost with the intangible value of enjoying the car.
I haven't shorted anything either. I don't play that game, too risky. I have some long positions on equities, so doing well there. Sitting on a lot of cash, which I'll invest when there are good buying opportunities.
Have never looked at cars as investments. Took one TTS to the track last week, the other TTS yesterday. If tracking them degrades the value, so be it - the cars want to be tracked, and I enjoyed doing it.
The first Porsche that I tracked was a 996 Turbo (that was after I started tracking with a E46 M3) that was modified with suspension, a tune, and an exhaust along with removing the front wheel drive. The thing was a beast on the track.
The NDX is currently +13.3% since this post in mid-March.
It traded as high as 14,595 this morning.
Havent heard from Boltsfan and the other "doom and gloomers" for awhile now.
I can imagine that USCtrojan has lost more money shorting the stock market than what most of us paid in an ADM.
I'm not on here a whole lot and I also don't have much to add to what I've already said, so that is why you haven't heard from me. I'm a "doom and gloomer" because I see what is happening in the economy and have made an educated conclusion as to what is likely to happen? As I and others on here have said many times, the amount of stimulus, lack of timely Fed action, etc. resulted in a huge bubble in many areas of the economy. Couple that with the response of an extreme increase in interest rates in a short period of time and quantitative tightening, you have a situation where things can get ugly. As Pimco has said, there are lags in monetary policy of 6-8 quarters from the start of rate hikes before the economy starts feeling the full effects, which would mean later this year. You, on the other hand, keep pointing to the equities market like it's the end-all, be-all. The same equities market that has priced in significant CUTS by the Fed, which is extremely unlikely to happen barring a significant black swan event. For someone who is self-professed to be such a sophisticated trader, you really don't understand fundamental concepts that is frankly mind-boggling to me. I'm not saying that you need to agree with what I've said; I acknowledge that there could be a soft landing, but the chances of that are extremely low. It's just that you don't seem to acknowledge that there are a lot of factors pointing to a potential downturn in the economy, staring us right in the face. Could this be the most anticipated recession in history, aka, why hasn't it happened yet? Yes, but we have never had this type of situation before with a pandemic, followed immediately by huge amounts of money sloshing in the economy, followed by an extreme reaction by the Fed.
There is very little good news right now as it relates to the economy. Consumers are pulling back. On top of that, the resumption of student loans will cause a lot of people to have to further cut back on spending. Credit has been tightening and will continue to do so. Some people don't realize the magnitude of the credit tightening. Not only are the small and regional banks pulling back due to the run on deposits, the bigger banks are also pulling back. There is concern that new banking regulations will adopted, imposing further capital requirements to address the banking situation, so banks are not making as many loans in anticipation of needing to meet the new capital requirements. Commercial real estate is a complete mess right now. And on, and on, and on.
You are retired so all you probably do is read things here and there on the Internet about what's going on in the real world. That's fine, but you are also very selective as to what you point to in how the economy will be just dandy. On the other hand, I am in the business world living this sort of stuff everyday.
Here's my question of the day: IF PTS, 6 Spd Touring 992's are the BEST version of the 992GT3, WHY do they seem to be the majority of flipped cars? BTW, it's a rhetorical question....
Here's my question of the day: IF PTS, 6 Spd Touring 992's are the BEST version of the 992GT3, WHY do they seem to be the majority of flipped cars? BTW, it's a rhetorical question....
Just less allocations, that makes them more desirable in general. But definitely not the ‘best’ by other objective measures
06-02-2023, 09:03 PM
