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Originally Posted by Old Mechanic
Cars, bought for 25% of retail value. Fixed for another 25%, driven tens of thousands of miles, sold for a profit, sometimes enough to cover all operational costs.
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You're obviously a special case. For you, the fixer-upper cars ARE investments, since you intend to sell them at a profit.
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A friend, since passed once chided me for having money in 5% insured CDs when he was making bunches in the stock market. That was 2008. He lost over $300k, I made 12K a year until the CDs matured and they would not renew them.
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But see above. If your friend had held the same mutual funds as I did, he probably had about $600K at the start of 2008, saw it drop to $300K at the bottom, then recover to about $750K today. So he would have shown a profit of $150K in 6 years, while you'd have made only $72K in the same period.