How to get rich without being lucky (2019)

Re:How to get rich without being lucky (2019) by WalterBright on Saturday May 22, 2021 @05:50PM (#27250590)

> some cars even gain value by becoming collectible

I've run some figures. Almost none pay back their storage, maintenance, and tax costs, let alone the opportunity cost of tying up the money.

I remember on an episode of "Antiques Roadshow" where some guy had a couple Leica's his father bought in the 1960s. They were mint, with all manuals, receipts, etc. The amount they were worth was pretty large, and the guy was ecstatic that he'd hit the jackpot.

The trouble was, if his father had put the same money into the S&P500, a completely boring investment, it'd be worth more today than those cameras.

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Re:How to get rich without being lucky (2019) by mrburkins on Saturday May 22, 2021 @08:50PM (#27251563)

Not sure if mint means the cameras were never used or just well maintained?

But if the father was able to take a lifetime of great photos in addition to the cameras increasing in value - I think I go with the camera 100/100 times.

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Re:How to get rich without being lucky (2019) by WalterBright on Sunday May 23, 2021 @12:02AM (#27252349)

I agree that if he used the cameras a lot, they were worth the money. The same for any other collectible.

But as monetary investments, they're terrible.

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