saplumr

When you find something that makes good return on money that is not long term...let us all know.

R&L's C6

Can someone tell us what makes good money long term and is guaranteed?

saplumr

Good luck with that. Probably a cd and they're in the tank....but guaranteed. Nothing good in life is guaranteed.

Crowhater

Land with mineral rights, if you buy in the right area. Land in general will yield a good long term return most anyplace except for maybe Detroit.

XCELER8

IMO do not do it. The dash will shrink over time. Unless you go with full Alcantara which will not shrink. DSV will do the dash and any dealer should be willing to swap out the dash. But, it is a VERY expensive mod to do

flange

there are products right now the offer a whopping three percent with a small bonus at inception. eight year buy in, minimum investment only 10k. meh

there is an older product, pre 2009 that offered guaranteed six percent with minimum buy in at only 100k for eight years.

cd's, lucky to see one percent for a three year. money market account, minimum buy in 400k no term, essentially liquid, .18%.
none of these are making soo much money.

there are some mlp's which should yield well, but aren't guaranteed.

I got lots of money to invest, but cannot seem to find these short term investments everyone raves about which do better

flange

also known as "buy real estate and wait". factor in taxes though, and also capital gains at the end. timing needs to be good for this strategy. selling land in 2011 was a bit tough.

Racingswh

My neighbor and friend Pete at work has bought over 2.5 million dollars worth of cars mostly at Mecum and privately in the past 2 years with cash. He pay's his rent in 2 spaces where he stores his cars upfront with cash each year. When he bought too many cars to fit in the spaces he bought the building across the parking lot with cash and refurbished the entire building converting it into a private car showroom / museum with cash. When I say cash I mean he writes checks for everything. Do you think for a minute it matters to Pete the amount of opportunity cost there is because he pays cash for everything?
He has done well for himself in his career in healthcare privately owning over 50 retirement and assisted living centers. He obviously understood the benefits of leverage in his professional career but now that he has moved on there is no reason for him to finance anything.

Not everyone here is Pete but some may be and my point is that everyone has different situations, life circumstances and for many paying cash is great. Someone older I would hope pays cash for as much as they can because they don't have time on their side if they had that money invested in stocks and the market were to correct significantly. Many of them don't have the time to make it back. Do I think it's prudent that a 30 year old with a newborn use all their cash to buy a depreciating asset like a new Corvette without having life insurance, a will and having begun to assemble a proper investment portfolio? Of course not. I would rather have them do that though than maxing out their credit cards on eating out, other intangibles and a pile of designer baby clothes.

Lastly when you're talking about Corvettes you're not talking about any money. The cars or the amounts of money a person would make if they financed them and invested the $$ is fairly insignificant. None of it is true quality of life changing amounts of $$. Not when just a year of college costs more than my wife's GS lol! I have a business colleague that pays cash for his 3 girls to go to college "at the same time". He would get a little raise if all he had to do was pay cash for a Corvette every year. In addition if someone is paying real money for say 40-50 cars like Pete they probably don't need any business or investment advice from anyone.

This isn't a stock market forum, this isn't a real estate investment forum, it's a Corvette forum. As I said before it's very cool that these folks can afford and enjoy cars they love and I wish them continued success.

icyteddy

Wouldn't it be better paying cash when buying a used car from a private party vs financing because of the high APR and interest rate? If buying a car from the dealer and financing through them is more understanding because they offer a lower rate.

my1stvette98

Sold our 98 vette and was able to handle the balance with cash.

saplumr

Not necessarily. Low rates can be had depending on year and acceptable credit score.

red2012

Remember Nothing IS GUARANTEED in investing although the amount of return is directly tied to the risk. I like to live a little dangerously in the market and if you know how to read between the lines ( thats all the market is ) you can be very successful. Everybody's needs are different and some just want 3-4 % returns with no risk and others alot more but are willing to risk. It's all up to you. When the market bottomed out in '08 that was like taking candy from a baby. Did you actually think it was going to stay there? How high did you think gold was gonna go? All these situations are reading between the lines. I shorted gold last year and when it dumped ( that was a easy one ) I made 23%. I have been in the stock market indexes since it dumped in 08 and have made very good money since then. Have I ever lost? VERY FEW TIMES but what I have always made dwarfed what I ever lost. Right now I'm pretty much holding back as I don't have much insight or feel on what's going to happen in the markets. But I do have some other small investments that I make a small fortune on that are indigenous to my neighborhood. I'm sure you can read between the lines on that one.

LT1 Z51

Land is so low in Detroit, you can make money on it if you hold on to it long enough (this is why the big shots around here are on a land buying spree, Dan Gilbert has bought 25 properties in the last 18 months).

The Clevite Kid

May, 2006:

Lerxst

Ditto on your comment Andy. Wrote the ck. for the 427 when I bought it.
Btw. Nice Car!
Here's mine

lordofwar

when their paid for they are easier to trade for a new 1.2012 centennial edition 3lt was $65200 out the door.put $26,000 down.paid $450 for a year and took the money out of 401k to pay it off.my car in the garage looks a lot better than numbers on a piece of paper.also no crook banker or politician can push a button and make my car disapear like they can and have done in the stock market.

joeking

I bought this with 1,200 miles in 2005 from a local dealer paid cash upon delivery. Also paid cash for the previous 97 and 98 Corvette's that I had. Borrowed money on a 69 Vert years ago and on an 87 Corvette. I dont mind payments but would rather have them paid for.

bothred

Both red, both paid. See avatar.

TKgs2010

Ordered mine new, and it was paid for when the Dealer handed me the keys.