401K vs. Classic Cars??

[slowjoe24]

Who is planning to sell their 401K and start investing in Classic Cars....read my newest blog and find out if you can make it work??

Cars and Coffee Talk: Buying a Classic car..Hind sight is always 20/20!

Thanks, Joe

[Matra et Alpine]

nope. Buy a car to enjoy.

Seen lots of friends lose lots - thankfully most only in paper terms - when classic car prices tanked in 1990 when the influx of yuppie cash and no sense drove prices insanely high. A couple lost upwards of 50K in REAL terms as prices didn't recover and they'd invested in restorations to maximise return JUST before it all went tits up

Fear the current rush in prices may cause likewise as common sense prevails for all but a handful of marques or models.

[slowjoe24]

Hey I'm no CPA, just think that if you kept the budget small, you can buy and flip a few cars! Thanks

[slowjoe24]

Thanks!!!

Classic Cars: The Best ‘Alternative Investment’ of All | Daily Ticker - Yahoo Finance

Here is another article from Yahoo about the subject!