[ZR1] You own a ZR-1... what do you do for a living?
02-28-2011, 05:19 AM
#81
I think I saw you Sat blow by me on 98th while sitting at a light...it looked like you were turning left to head towards 82nd.
I had my lil brother in the car and when we saw you roll by we both looked at each other and said "Damnmmmm" at the same time.
Nice ride!
02-28-2011, 11:27 AM
#82
Le Mans Master
02-28-2011, 02:08 PM
#83
Le Mans Master
I currently don't own a ZR1, but I will soon - as soon as I can figure out what to do to create a garage slot for one. I already park one car on the street. I have had several vettes, older big blocks up to Z06s. But the "point" of this thread is really about making enough money to afford a ZR1. Here is a short version of how I can afford one. I am in middle management in a technology company. My pay is great and I get stock options which are nice and generate a fair amount of cash. But that did not get me to where I wanted to be. Several years ago, when tech stocks were melting down, the stock of the company I worked for dipped below $1. Which basically means Wall Street thinks you are toast. Knowing that we were (and still are) a good company with a solid product offering, I decided to "bet the farm". I bought a boat load of stock dirt cheap and sold it in the mid teens. It was nerve wracking as we took a while to climb out of such a deep hole and I had most of my nest egg on the line, but it all worked out.
I think the moral of my story is this. Sometimes an opportunity appears out of nowhere. The first thing is you have to recognize it. I think the fact that I missed large opportunities in the past made me more aware of watching out for them in the future. (But it would have been better to be able to see them without missing the first one or two!) The second thing is you have to sieze the opportunity. Windows like those don't stay open for very long. Sometimes painfully short. Jumping through them when they are open is the key. Whether it is starting a business or seeing possibilities others don't, seeing it and then acting on it is the key. No one at work knows what I did. And I cannot count the number of people who have said "I should have bought our stock when it was $1." I just smile and think "why the heck didn't you!!" Then I usually say, "yeah I wish I had."
I think the moral of my story is this. Sometimes an opportunity appears out of nowhere. The first thing is you have to recognize it. I think the fact that I missed large opportunities in the past made me more aware of watching out for them in the future. (But it would have been better to be able to see them without missing the first one or two!) The second thing is you have to sieze the opportunity. Windows like those don't stay open for very long. Sometimes painfully short. Jumping through them when they are open is the key. Whether it is starting a business or seeing possibilities others don't, seeing it and then acting on it is the key. No one at work knows what I did. And I cannot count the number of people who have said "I should have bought our stock when it was $1." I just smile and think "why the heck didn't you!!" Then I usually say, "yeah I wish I had."
02-28-2011, 03:32 PM
#84
Intermediate
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I actually was concerned about that. So I contacted an attorney who specializes in insider trading cases. I asked them for an opinion if what I was going to do was legal. They asked all the right questions -namely did I have information the general public did not. The answer was no. I was not high enough in the organization to know any of the financial details. I just knew that our products were well received and we were better than our competition. There was no "inside information" involved. It was just my gut feel. I believed in the people I worked with. I knew our customers liked our products. It could have gone south, but I decided it was a risk worth taking. (losing the investment, not whether or not I was breaking the law. Breaking the law was something I made sure I did NOT do!)
02-28-2011, 03:46 PM
#85
Le Mans Master
Knowing the background now, you were smart to get an attorney involved ahead of time. Enjoy the fruits of your investment...
02-28-2011, 03:55 PM
#86
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Thanks. I kept the attorney involved throughout the entire process, especially when I sold. And the fact the stock almost doubled from where I sold should be "proof" I had no insider information. My point was simply about seeing an opportunity and "going for it". Life is short and opportunities to radically change the course of one's life are rare. They should be embraced when (and if) they present themselves.
Hahahaha
02-28-2011, 05:31 PM
#89
Le Mans Master
Thanks. I kept the attorney involved throughout the entire process, especially when I sold. And the fact the stock almost doubled from where I sold should be "proof" I had no insider information. My point was simply about seeing an opportunity and "going for it". Life is short and opportunities to radically change the course of one's life are rare. They should be embraced when (and if) they present themselves.
03-02-2011, 06:31 PM
#90
Le Mans Master
34, CFO and Treasurer of a private construction company. Been a Corvette fan since I was 8 and I'm on my third new Vette (first was at 23 right out of college). It's a lot of money and my financial/analytical mind knows it's a lot of depreciation and money down the drain, but I just don't care. One area of my life where I think with my gut/heart and not my head.
One area of my life where I think with my gut/heart and not my head.
03-02-2011, 09:31 PM
#91
Burning Brakes
I love your company stock investment story, mine is similar. My 09 ZR1
was delivered on a Friday I was in Las Vegas, Bummer Sept 08. I was
walking from Sand's property over to Wynn when my phone rang with
the news. I paid sticker price which was a deal at the time, because
my friend owns the dealer and I got the first one. Wrote the check for
135K out the door, then the next month the bottom dropped out of the
world!
Back to Las Vegas, sands stock LVS was beat down to single digits
with BK rumors, along with all casino stocks. I decided to place a bet
on LV Sands stock and bought 3K @ 2.69 the following week the share
price fell to $1 and change , lost 1/2 my cash in a week fast foward to
today $44 so in my mind I paid $8,000 for my ZR1, still hold the position
looking for at least 100/share. Now just write covered calls to pay for
the gas and insurance.
For a living General Contractor
was delivered on a Friday I was in Las Vegas, Bummer Sept 08. I was
walking from Sand's property over to Wynn when my phone rang with
the news. I paid sticker price which was a deal at the time, because
my friend owns the dealer and I got the first one. Wrote the check for
135K out the door, then the next month the bottom dropped out of the
world!
Back to Las Vegas, sands stock LVS was beat down to single digits
with BK rumors, along with all casino stocks. I decided to place a bet
on LV Sands stock and bought 3K @ 2.69 the following week the share
price fell to $1 and change , lost 1/2 my cash in a week fast foward to
today $44 so in my mind I paid $8,000 for my ZR1, still hold the position
looking for at least 100/share. Now just write covered calls to pay for
the gas and insurance.
For a living General Contractor
03-02-2011, 09:48 PM
#92
Drifting
Member Since: Dec 2006
Location: Down on the bayou La.
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Locksmith for 25 years (who happens to 'smith vettes and anything GM), wrenching/tuning/building for over 30 years. My last 5 cars were seriously modded by the time the permanant tags came. I like vettes and streetable torque the way Charlie Sheen likes hookers, crack, and blow
03-02-2011, 09:59 PM
#93
Le Mans Master
Here is another story:
Bought Dana stocks (company makes the Corvette aluminum frame). They went bankrupt. Lost all money.
Bought GM stocks (company makes the Corvette).
They went bankrupt. Lost all money.
Bought Ford stocks (company makes the Mustang).
Sold Ford stocks.
Bought a Corvette ZR1.
Bought Dana stocks (company makes the Corvette aluminum frame). They went bankrupt. Lost all money.
Bought GM stocks (company makes the Corvette).
They went bankrupt. Lost all money.
Bought Ford stocks (company makes the Mustang).
Sold Ford stocks.
Bought a Corvette ZR1.
03-02-2011, 10:02 PM
#95
Race Director
Here is another story:
Bought Dana stocks (company makes the Corvette aluminum frame). They went bankrupt. Lost all money.
Bought GM stocks (company makes the Corvette).
They went bankrupt. Lost all money.
Bought Ford stocks (company makes the Mustang).
Sold Ford stocks.
Bought a Corvette ZR1.
Bought Dana stocks (company makes the Corvette aluminum frame). They went bankrupt. Lost all money.
Bought GM stocks (company makes the Corvette).
They went bankrupt. Lost all money.
Bought Ford stocks (company makes the Mustang).
Sold Ford stocks.
Bought a Corvette ZR1.
love it ! way to go...
03-03-2011, 12:21 AM
#96
Burning Brakes
Member Since: Feb 2005
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Here is another story:
Bought Dana stocks (company makes the Corvette aluminum frame). They went bankrupt. Lost all money.
Bought GM stocks (company makes the Corvette).
They went bankrupt. Lost all money.
Bought Ford stocks (company makes the Mustang).
Sold Ford stocks.
Bought a Corvette ZR1.
Bought Dana stocks (company makes the Corvette aluminum frame). They went bankrupt. Lost all money.
Bought GM stocks (company makes the Corvette).
They went bankrupt. Lost all money.
Bought Ford stocks (company makes the Mustang).
Sold Ford stocks.
Bought a Corvette ZR1.
03-05-2011, 01:07 PM
#97
Moderator
Member Since: Jul 2005
Location: West MI
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CF Banner Relay Captain
West MI & JAX/NE Florida
Events Coordinator
St. Jude Donor '11-'12-'13-'14-'15-'16-'17, '21
I have been working 35 yrs on the same Railroad!
I am very lucky to have a Rich Auntie who has no children.
She said in 2004 "quit your job and come take care of me"
She had amassed about over 5 million in assets. I had a 2008 C-6
on payments. (I transfered my job) Which I sold the C-6
looking at Z-06's. But I was off with a knee surgery plus it was 2010
and banks were tight. So the bank was making me jump through hoops
for my loan. Auntie said forget'em
just write a check for the car you want. I could have a ZR1, pay cash today. But I can't see a 100k for a Corvette. My z-06 was 45k with 14k miles. Would not pay double for a ZR1 when I have S/C'd ZO6 that
has 640 plus rwhp. I rather have it and extra 50k in the bank!
I am very lucky to have a Rich Auntie who has no children.
She said in 2004 "quit your job and come take care of me"
She had amassed about over 5 million in assets. I had a 2008 C-6
on payments. (I transfered my job) Which I sold the C-6
looking at Z-06's. But I was off with a knee surgery plus it was 2010
and banks were tight. So the bank was making me jump through hoops
for my loan. Auntie said forget'em
just write a check for the car you want. I could have a ZR1, pay cash today. But I can't see a 100k for a Corvette. My z-06 was 45k with 14k miles. Would not pay double for a ZR1 when I have S/C'd ZO6 that
has 640 plus rwhp. I rather have it and extra 50k in the bank!
There is a reason so many have went from a Z06 to a ZR1
03-05-2011, 01:41 PM
#98
Team Owner
Ok I don't own one but I didn't bash anyone. Plus there is several posts in this thread FROM others
who don't own one. Love these THREAD POLICE!
If your that touchy over what you paid !
Last edited by 3 Z06ZR1; 03-05-2011 at 01:47 PM.
