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! (http://carsandcoffeetalk.blogspot.com/2014/02/buying-classic-carhind-sight-is-always.html)

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 (http://finance.yahoo.com/blogs/daily-ticker/classic-cars-best-alternative-investment-163501671.html)

Here is another article from Yahoo about the subject!