Ferrari Mailing List: Re: Straw bids and it’s getting crazy

[Clarence Romero Jr. (clyderomerof4]

Brian sells cars

So he has a total different perspective than those of us who actually drive them!

Dealers have one job and one job only extract the maximum amount of money from you at the point of sale! That’s it period, and we all know that or should.

When you crank in insurance storage maintenance etc over 25 years if you can afford it

And not drive it 

But thinking your going have a huge windfall, well what the color of the sky in your world?

If the 1994 was put in a balanced mutual fund it  would have way more worth in today dollars than this guy thinks he is going to get for that car on BAT. 

As they say it’s your money do with it as you please, that’s why the crypto market has so many suckers! 

     RF4-4EVR

Scars are Tattoos with better stories !

If you have no enemies, you have no character !

Clyde Romero    

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On Jun 10, 2022, at 11:27 PM, Peter Rychel <dino308gt4 [at] hotmail.com> wrote:



Or if cLyDe had a crystal ball, he should’ve held onto his 512TR up to now, would’ve got $300K from Britt, then could’ve “invested” all of that (because it is essentially free money at this point) into stocks. Although – and I’m not at all familiar with your tax laws – cLyDe would probably get nailed on capital gains taxes from that hypothetic $300K sale of his 512? Would he be doing a 1040 tax trade by buying that 296 with those proceeds?

 

Peter

 

Sent from Mail for Windows

 

 

From: Brian E. Buxton
Sent: June 10, 2022 8:41 AM
To: PeterGT4
Cc: The FerrariList
Subject: Re: [Ferrari] Straw bids and it’s getting crazy

 

...With that logic you need to take the $300K you're spending on a 296 and buy some stocks that are dirt cheap right now and will give you a better return in a much shorter period of time. 

 

 

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