Comments on: Where’s Your Ferrari?

By: J. Money

J. Money — Fri, 14 Sep 2018 10:00:44 +0000

In reply to John. Fascinating!! I want a pic the day you pick it up, please! :)

By: John

John — Thu, 13 Sep 2018 23:03:55 +0000

I know this is an old article, but if you don’t smoke, and don’t drink, you SHOULD ABSOLUTELY buy that Ferrari with the money you save.
And I mean it.
Just a few years ago, Ferrari 308 / 328 models we’re going in the low 30K’s.. They are now going for well over 100k.
Ferrari F355 models were going in the mid 40’s, and are now closing in on 100K. Even the bastard child of the Ferrari models, the 348, were available in the high 20’s to low 40’s, in perfect condition with low miles. The same exact cars are selling in the high 70’s to high 80’s now.
The Ferrari 360s have hit the bottom of their depreciation curve at around 70’s for coupes, and 80’s for spiders, and are creeping back up.
Screw 8%. Buy that Ferrari. Enjoy it, keep the miles low, take care of it, and the car will pay for itself, and may even put money in YOUR pocket.
I plan on buying one as soon as I’m able. I only regret not jumping on one of those 308s when prices were low. I missed my chance.

By: J. Money

J. Money — Wed, 06 Dec 2017 20:22:46 +0000

In reply to Aparna @ Elementum Money.

Haha, indeed… we’re already at $128.36 after month 1!

https://eliteedgemoney.com/net-worth-update-709k-nov-2017/

By: Aparna @ Elementum Money

Aparna @ Elementum Money — Thu, 30 Nov 2017 08:30:53 +0000

Jokes with a pinch of education are always cool. In this regard your spaver account experiment should really show us whether there is any point to stashing away the pennies and hoping they end up into a Ferrari some day.

By: J. Money

J. Money — Thu, 04 Feb 2016 12:51:29 +0000

In reply to Dividend Growth Investor. totally cool, thx for dropping it! it's all good stuff to consider when formulating your investing plan!

By: Darrell

Darrell — Thu, 04 Feb 2016 00:33:36 +0000

In reply to Kristi @ Femme Frugality. Jim Gaffigan has a bit where he says that "everyone has their McDonalds." You might not smoke, but maybe you buy drip coffee, maybe you buy tacos, maybe you get magazines, maybe you go to strip clubs. Everyone has their "smoking."

By: Dividend Growth Investor

Dividend Growth Investor — Tue, 19 Jan 2016 18:59:26 +0000

In reply to J. Money. Haha, guilty as charged ;-)

By: Dividend Growth Investor

Dividend Growth Investor — Tue, 19 Jan 2016 18:58:59 +0000

In reply to Stockbeard.

Stockbeard,

There isn’t a single investment out there, which doesn’t violate someone else’s ethical beliefs. I wrote an article on that topic a while ago:

http://www.dividendgrowthinvestor.com/2015/02/is-ethical-dividend-growth-investing.html

J$, I am sorry for posting a link to my own site. You can feel free to remove my responses if it violates your TOS.

By: J. Money

J. Money — Mon, 18 Jan 2016 21:08:54 +0000

In reply to Kurt. haha.... well, you can still be right even if you don't follow your own advice :) Do you know how many overweight doctors there are out there!

By: J. Money

J. Money — Mon, 18 Jan 2016 21:08:05 +0000

In reply to Michael @ NTPNW.

Wow – yeah you often don’t hear it’s because of the money! At least that actually GETS them to quit! Whatever it takes, eh?