Investing

Investment or Collection- What’s the difference?

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Steve Linden wrote a great piece in Newsday about the difference between collecting and investing in classics.  Is it driving out some car lovers who just want to own one of these beauties?  I think it may just be.  I bought my first car, a 1970 Barracuda 318 for $3300 in New Hope, PA.  I had to junk it when I pierced the gas tank during a repair.  Back then (in 1995) there was little to no interest in these cars. Of course I kick myself daily for this but if I still had the car it would probably be worth $15-20k. It was impeccable. No pedestrian car enthusiast with a family and responsibilities has that amount to drop on a weekend car. So what happens when the ordinary cars start to enter the stratosphere when investors show up?  Hopefully they’ll just stick to their Ferraris and Mercedes SL300s.

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Investing In Classics

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Morgan Korn over at Yahoo! Finance wrote up a great piece (with video) on how classic cars have become one of the best alternative investments on the market.  Check out Morgan’s article.  Makes me wish I had enough dough to run out and buy a few of my own.  If I did, my first purchase would probably be a vintage ’70 Nissan Skyline GT-R or a ’72 BMW 2002.  On the American side, I’d shoot for a stock ’65 Ford Mustang 289 V8 hardtop in black.  For now I’ll just stick to writing about them.