Recent study from the University of Wales established that in most circumstances, a male driving a 50-year-old classic car in good condition will get far more attention from the opposite sex than if he were driving a late-model car worth twice as much. Tr
to stocks or savings accounts held in the bank? Surely we can all agree that there was no exceptional increase in returns from any bank in the world! As any investor would confirm, the higher the return, the bigger the risk of your investment. However, there’s every chance that classic cars will continue to rise in value for a number of reasons, including very little supply versus high demand from growing economies like China and India. This explains why wealthy investors are getting increasingly interested in classic cars.
Owning a classic vehicle that you can touch, admire and drive on a daily basis is total joy. On the contrary, owning a portfolio of shares doesn’t set the pulse racing in the same way as having a classic car in your garage which you can drive on demand. We all know that money sitting in the bank is doing just that — sitting in the bank — it’s not earning any exciting interest these days.
Many cool, attention-grabbing, sleek classic cars can be had for the price of a new, modern, and faceless one. Whilst most will probably not get a Mercedes 300 SL Gullwing or a Ferrari Testarossa, you will be surprised at what one could get for an affordable price tag.
Perhaps, if I may suggest, it’s time to think again about how we’re spending our hardearned cash and start thinking a little bit outside the square.
Until next time — safe driving!