Quote:
Originally Posted by jamesqf
You're obviously a special case. For you, the fixer-upper cars ARE investments, since you intend to sell them at a profit.
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.
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That's what his wife told him, but he died in 2010. My wife wants no part of the stock market. I wanted to mortgage the house (paid off completely) and buy Dominion at $26.15 a share in March 09. It was paying 7%. I could have bought 10k shares with the mortgage interest around 4% and doubled my money easily by now, but she wanted no part of it.
regards
Mech