Comments on: Your Car Is Not An Investment – And Neither Are Some Of the Other Things You’re Pretending Are http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/ Bridging the gap between saving money and investing Fri, 10 Feb 2012 02:42:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: blogger http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/comment-page-1/#comment-938879 blogger Mon, 04 Apr 2011 05:51:27 +0000 http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/#comment-938879 I take that back, they have sold at auction for over $35,000.00 - after buyer's commission, after $65,000.00 was invested into them, years of insurance, private storage - then they sell for $110,000. Net take, $10-$20k. Camaro's do not appreciate much in 15 years. 1969 Camaro's, completely restored, bring that kind of money. That is 42 years! I take that back, they have sold at auction for over $35,000.00 – after buyer’s commission, after $65,000.00 was invested into them, years of insurance, private storage – then they sell for $110,000. Net take, $10-$20k.

Camaro’s do not appreciate much in 15 years. 1969 Camaro’s, completely restored, bring that kind of money. That is 42 years!

]]> By: blogger http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/comment-page-1/#comment-938878 blogger Mon, 04 Apr 2011 05:47:17 +0000 http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/#comment-938878 Uh, what camaro has ever sold for $80,000? I have collected cars for years, never seen one sell higher than $35,000.00 at auction, that was 30 years old. In the end, you have a 30 year old American hunk of junk. Uh, what camaro has ever sold for $80,000? I have collected cars for years, never seen one sell higher than $35,000.00 at auction, that was 30 years old. In the end, you have a 30 year old American hunk of junk.

]]> By: Zeke http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/comment-page-1/#comment-781655 Zeke Fri, 01 Oct 2010 16:12:35 +0000 http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/#comment-781655 The issue many of you are missing is that yes, you may make some money back on something like a collectible car. The thing is, in most cases, if you'd socked that same money into a mutual fund or even a CD, you'd come out with more money than when you sold it. The issue many of you are missing is that yes, you may make some money back on something like a collectible car.

The thing is, in most cases, if you’d socked that same money into a mutual fund or even a CD, you’d come out with more money than when you sold it.

]]> By: 1200 Mile Update: Azor Secret Service, Service, Service | Austin Bike Blog http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/comment-page-1/#comment-490836 1200 Mile Update: Azor Secret Service, Service, Service | Austin Bike Blog Wed, 10 Dec 2008 22:35:30 +0000 http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/#comment-490836 [...] with them that this bike just might outlive me. Pretty good investment, especially compared to that other form of transportation. addthis_url = [...] [...] with them that this bike just might outlive me. Pretty good investment, especially compared to that other form of transportation. addthis_url = [...]

]]> By: festival of investing - May 15, 2007 : A Bankruptcy Lawyer’s Blog http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/comment-page-1/#comment-49227 festival of investing - May 15, 2007 : A Bankruptcy Lawyer’s Blog Tue, 22 May 2007 14:40:59 +0000 http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/#comment-49227 [...] presents Your Car Is Not An Investment - And Neither Are Some Of the Other Things You're Pretending Are posted at Personal Finance Advice, saying, "Some things you may think are investments [...] [...] presents Your Car Is Not An Investment – And Neither Are Some Of the Other Things You’re Pretending Are posted at Personal Finance Advice, saying, “Some things you may think are investments [...]

]]> By: CreditCardArticles.Net http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/comment-page-1/#comment-48938 CreditCardArticles.Net Mon, 21 May 2007 18:34:53 +0000 http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/#comment-48938 <strong>Carnival of Wealth Building Ideas...</strong> Welcome to the May 15, 2007 edition of carnival of wealth building ideas. Jeremy Reeves presents How To Track Your Financial Independence: Series #3 posted at The Road To A Perfect Life. Ybother presents Top 10 Paying Topics on Adsense posted at A T... Carnival of Wealth Building Ideas…

Welcome to the May 15, 2007 edition of carnival of wealth building ideas.
Jeremy Reeves presents How To Track Your Financial Independence: Series #3 posted at The Road To A Perfect Life.
Ybother presents Top 10 Paying Topics on Adsense posted at A T…

]]> By: scfr http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/comment-page-1/#comment-48344 scfr Sun, 20 May 2007 04:03:51 +0000 http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/#comment-48344 Very good article. To add to the "prestigious university" debate, all posters who stated that going to a prestigious university is an investment assume that you are going to go work FOR someone. If you own the company, it matters not a whit where you went to school! Very good article.

To add to the “prestigious university” debate, all posters who stated that going to a prestigious university is an investment assume that you are going to go work FOR someone.

If you own the company, it matters not a whit where you went to school!

]]> By: Fern http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/comment-page-1/#comment-47054 Fern Wed, 16 May 2007 15:43:49 +0000 http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/#comment-47054 well of course broad generalizations are not very helpful or accurate. However, in general, i maintain that graduation from a school that is well-known for the quality of its education is more valuable than attendance at a no-name school. well of course broad generalizations are not very helpful or accurate.

However, in general, i maintain that graduation from a school that is well-known for the quality of its education is more valuable than attendance at a no-name school.

]]> By: Henry Bemis http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/comment-page-1/#comment-47011 Henry Bemis Wed, 16 May 2007 13:36:49 +0000 http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/#comment-47011 It's not the degree it's the motivation, persistence and quality of the person with the degree. The biggest dummies I know went to Ivy league schools. With puffed up heads, shoulders and debt they have actually done less then those who went to state. IF you are motivated, active, and resourcesful you will succeed. Ivy league education is a myth. It’s not the degree it’s the motivation, persistence and quality of the person with the degree. The biggest dummies I know went to Ivy league schools. With puffed up heads, shoulders and debt they have actually done less then those who went to state. IF you are motivated, active, and resourcesful you will succeed. Ivy league education is a myth.

]]> By: Fern http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/comment-page-1/#comment-47010 Fern Wed, 16 May 2007 13:31:13 +0000 http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/#comment-47010 Great article with some solid points, but i too must strongly disagree about where you go to school. It's not a choice between going to a relatively unknown school and coming out with reasonable debt load vs. an expensive well-known school. In fact, it is those top tier schools that often have the best endowments from generous alum, meaning they can offer more liberal scholarships and grants to students of modest means. That was my experience as a middle-class student from NJ attending a private women's college in Massachusetts. Althought my parents were able to contribute very little toward my education, a combination of scholarships based on academic merit, grants (that didn't need to be paid back), 3% NDSL loans and working part-time all 4 years helped me get that degree. In addition, the name of the school where you receive your degree DOES make a difference on your resume, and someone graduating from a no-name school with a degree in whatever basically has something akin to a continuation of high school, not much value there. You only go round once in life, and schooling is the foundation for everything that follows. Great article with some solid points, but i too must strongly disagree about where you go to school.

It’s not a choice between going to a relatively unknown school and coming out with reasonable debt load vs. an expensive well-known school. In fact, it is those top tier schools that often have the best endowments from generous alum, meaning they can offer more liberal scholarships and grants to students of modest means.

That was my experience as a middle-class student from NJ attending a private women’s college in Massachusetts. Althought my parents were able to contribute very little toward my education, a combination of scholarships based on academic merit, grants (that didn’t need to be paid back), 3% NDSL loans and working part-time all 4 years helped me get that degree.

In addition, the name of the school where you receive your degree DOES make a difference on your resume, and someone graduating from a no-name school with a degree in whatever basically has something akin to a continuation of high school, not much value there.

You only go round once in life, and schooling is the foundation for everything that follows.

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