TMCP #456 – Ask Rick, The Realities of Classic Cars as Investments; Which 2021 Muscle Cars Are Collectible?
Investing: In this day and age of huge government stimulus packages, thoughts turn to rising costs and inflation. Since our audience could invest in something, why not follow Rick’s model and invest in what they know best; cars! Rick shared that one of the lessons his father believed most was to invest in yourself first, and as such the stock market is now where he chose to invest but instead in his businesses and in assets. The car collection they curated…..wasn’t actually for an investment though, though it resulted in one. In addition they chose to purchase low mile, highly optioned cars not as speculation bets, but simply because they liked them! Some are rare, some are not, but all are special. Today if they wished to sell a portion of the collection they would certainly see a great return….but that day may or may not ever come. Why? They still like the cars!