Best place to put this $75K?

[dk16]

If you're a car guy, I'm dead serious.

I have owned three Ferraris and made money on all of them. You need to buy one that is at least 15 years old and is a 2-seater. No 4-seaters. And no strange colors.

My first Ferrari I bought about 13 years ago - a 1982 308 GTSi I paid $20K for.

New set of tires was $1000. Throw-out bearing $1300.

I'm pretty sure that car is worth in the $40s these days.

Bought a red 1990 348 TS for $40K. Had it 2 years and replaced a fuel pump. $600.

Bought a yellow 1990 TS for $36. Opted for different tire/wheel package for $2K. Timing belt, water pump, and lots of other stuff at the same time - $6000.

Oil changes are oil changes. Oil and filter. Spark plugs are spark plugs.

If I had $75K and loved cars, I would purchase a 1999 or 2000 Ferrari 360 in red or yellow. Whether it doubles in 10 years I don't know, but it certainly is going to rise substantially.

In 1981 I had a chance to buy a Ferrari Dino for $14,000. Those are worth $150K and up these days.

In 1978, my dad bought a 1963 Ferrari GTE needing some restorative work for $6500. Those are fetching in the $ hundreds of thousands these days.

There are all sorts of collector car options, but Ferrari is one of the few "sure things" in that space.

Great info. Thanks

And as I mentioned above "Im not jumping to flip cars because it works for someome. I have no doubt, there are great profit opportunities out there with flipping cars but you have to know your stuffs well and enjoy it as your hobby. I'm just keeping eyes wide opened in this thread :-)".

I like cars. I do most of the fixing and maintenances myself. I rebuilt few engines from old tractors. But I'm afraid I'm still not a car guy.

[Singuy]

In 1981 I had a chance to buy a Ferrari Dino for $14,000. Those are worth $150K and up these days.

And if you invested 14,000 in the S&P 500 in 1981, your total value after taxes will be $422,040.39 today

No oil change required.

Here is the calculator if you want to try yourself

https://dqydj.com/sp-500-dividend-reinvestment-and-periodic-investment-calculator/

[corn18]

And if you invested 14,000 in the S&P 500 in 1981, your total value after taxes will be $422,040.39 today

No oil change required.

Here is the calculator if you want to try yourself
https://dqydj.com/sp-500-dividend-re...nt-calculator/

That's after taxes are all paid, and you would have to pay capital gains tax on the sale of the Ferrari. So apples to apples would be

$115,600 profit from the Ferarri

vs.

$408,040 from the S&P 500

[Singuy]

Sorry, didn't read the post correctly so deleted

[corn18]

Nope, number I posted is post after gains tax. In fact it also accounted for dividend tax payouts as well.

I did forget to subtract 36 years of gas, maintenance and insurance on a Ferarri. But your point is well made.

[Singuy]

I know your number did (I can read). I was helping anyone who wanted to compare it to the profit on the Ferrari.

LoL, you are too fast. I already deleted my comment.

[TexasHusker]

But you can't drive the S&P. 😜

[corn18]

But you can't drive the S&P. ��

True dat. I must be getting old because I do enjoy the newer sports cars with the double clutch automatic manual trannies and some degree of nannies. Heck, a 2017 Subaru WRX will run circles around a 1981 Dino.

[TexasHusker]

True dat. I must be getting old because I do enjoy the newer sports cars with the double clutch automatic manual trannies and some degree of nannies. Heck, a 2017 Subaru WRX will run circles around a 1981 Dino.

Yeah for sure since the last Dino rolled off the line in '72. 😜

[Spiffster]

If you want to get really creative, look into P2P lending, Bitcoin, and the altcoin thats blowing up right now, Etherium. I think the last time I recommended someone look into Bitcoin it was at $1000/ea, a month ago. Over $1300 now. Obviously past performance is no indicator of future performance, but either way, I wouldnt put any major amount of money in such an investment.

BTC up to 1425 today... just saying.

[Retiree Facts]

Best food for thought: Individual Retirement Account, Diversifying, Reinvesting dividend distribution, and Investing in exceptional mutual funds.

[PeggyHefferon]

Oil change: 2k
Annual fluid:10k
major service x3: 10k
brakes x3: 3k
clutch x2: 8k

your site doesn't mention high performance tires so that's 12k

total cost: 45k

...so I exaggerated by 5k miss number police....which can be offset by a broken fuel pump or a dead alternator because we are talking about a 20 year old car by 2027.

This site is about numbers.

Mr. Exaggerator

[Singuy]

This site is about numbers.

Mr. Exaggerator

???

I gave an estimate and it wasn't too far from what you showed me.

If what you showed me ended up being 5k and I said 50k, that's an exaggeration.

The difference between 50k and 45k is pretty much the same ball park considering prices fluctuate from region to region. I never claimed it costs exactly 50k to keep a Ferrari for 10 years. I know I'm good but not that good.

I did however forgot to factor in insurance, which when added will surpass my original 50k estimate to keep a Ferrari.

[~bs]

black, no wait.. red!

[webeq]

Divide and Decide

I was in the same situation last week.

I had 45K in my bank and it was rotting there so i knew i had to do something.

Since it is always hard to make choices when it comes to investing, i had decided to put 25K in my mortgage (3.75%) and put 20K in Stocks since I have room for risk.

Please note that I am not investor or you can call me newbie at investing so I decided to put 25K in mortgage so even if i have profile where it gives me about 5% it would be almost the same. I know there are other ways to make 10% or more but I lack the effort.

Hope this helps.