Are these Vloggers just a scam? SOL or Shmee etc? (Vol 2)
Discussion
There’s a good write up on Supercar Investment Club here -
https://bondreview.co.uk/2018/02/27/supercar-inves...
My personal opinion is that classic car prices are overvalued at present and there will be a correction, but I may be wrong.
The launch of these type of 'innovative' schemes just confirms my suspicions. They are often marketed at less experienced investors at a time when more experienced ones are looking to cash in.
https://bondreview.co.uk/2018/02/27/supercar-inves...
My personal opinion is that classic car prices are overvalued at present and there will be a correction, but I may be wrong.
The launch of these type of 'innovative' schemes just confirms my suspicions. They are often marketed at less experienced investors at a time when more experienced ones are looking to cash in.
AJB1971 said:
There’s a good write up on Supercar Investment Club here -
https://bondreview.co.uk/2018/02/27/supercar-inves...
My personal opinion is that classic car prices are overvalued at present and there will be a correction, but I may be wrong.
The launch of these type of 'innovative' schemes just confirms my suspicions. They are often marketed at less experienced investors at a time when more experienced ones are looking to cash in.
Exactly. I doubt this is the sort of investment someone with a reasonable sum of spare disposable cash would ever consider. The mid-late twenties who think's its a cool idea for a 500 quid flutter who listens to TGE - more likely.https://bondreview.co.uk/2018/02/27/supercar-inves...
My personal opinion is that classic car prices are overvalued at present and there will be a correction, but I may be wrong.
The launch of these type of 'innovative' schemes just confirms my suspicions. They are often marketed at less experienced investors at a time when more experienced ones are looking to cash in.
Shmee - please don't lower yourself to SIC one!
Shmee said:
I don't necessarily see why so much hostility though. At the end of the day an investment is down to the specific individual's choice, this is not a particularly high risk move akin to others that get PH riled up, and it is quite a fun thing to say that you've done.
At the end of the day it is the choice of the individual, but I would argue that by promoting this on a video then it's not unreasonable to assume you're endorsing this form of 'investing'. You only have to look at TGE's video and the comments underneath to see how easily influenced many of the watchers are.
I'm not blind to the fact that they will provide you with a good funding source that will allow you continue to make videos. Nor am I saying you have a moral imperitive to only work with reputable companies, but promoting what's really not much more than a scam to a proportion of your viewers who are financially naive looks very poor.
I'd expect this from TGE's channel, but not from yours.
"Supercar Investment Club charge a 6% initial fee, a 1% fee over three years and take 15% of any gross profits on sale."
So 75k initial, 12.5k / year for three years and then X on the profit.
In three years it will be interesting to see where the interest rates are, and how the super car prices have reacted.
So 75k initial, 12.5k / year for three years and then X on the profit.
In three years it will be interesting to see where the interest rates are, and how the super car prices have reacted.
jon- said:
"Supercar Investment Club charge a 6% initial fee, a 1% fee over three years and take 15% of any gross profits on sale."
So 75k initial, 12.5k / year for three years and then X on the profit.
In three years it will be interesting to see where the interest rates are, and how the super car prices have reacted.
I suspect most people putting money in won't see much of their initial 'investment' back, let alone a good return. So 75k initial, 12.5k / year for three years and then X on the profit.
In three years it will be interesting to see where the interest rates are, and how the super car prices have reacted.
jon- said:
"Supercar Investment Club charge a 6% initial fee, a 1% fee over three years and take 15% of any gross profits on sale."
So 75k initial, 12.5k / year for three years and then X on the profit.
In three years it will be interesting to see where the interest rates are, and how the super car prices have reacted.
Sounds like it would need a major uplift from an already very high starting point to make any kind of returns. So 75k initial, 12.5k / year for three years and then X on the profit.
In three years it will be interesting to see where the interest rates are, and how the super car prices have reacted.
jon- said:
I feel like that 10 years ago it would have been a genius idea.
Much like bitcoin, gold and many other things we can now view as good investments with hindsight.
Exactly. I sourced a Carrera GT for a family member a few years ago for £280k. He sold it recently for £540k. (still waiting for my cut mind... Much like bitcoin, gold and many other things we can now view as good investments with hindsight.
) Not a bad return, but the market has definitely slowed so I wouldn't be banking on a £1m+ F40 going up much, if at all.
dannyDC2 said:
roystinho said:
johnwilliams77 said:
Dannys latest video at 12:12.... 
Nice vid too!
On some great roads too. Frequent up there quite often for a blastNice vid too!
johnwilliams77 said:
Looked completely within the speed limit to me....be careful though. Don’t want you becoming a second 10p short.
Meh - you could say that every time you go out for a drive. No one wants to be the next 10ps.
e30m3Mark said:
Spotted a solution to the harness in road car issue. https://www.ebay.co.uk/itm/Schroth-autocontrol-3-p...
Nice idea, but wouldn't work in many race cars. In the DC2/MR2 the harnesses get attached directly to the roll cages.PantsFire said:
For a first car they're kind of swinging for the fences, that's a lot of money to ask for and there's a good chance they won't meet their goal.
There's also the issue of how much further an F40 can go up in value, if it was near the bottom of it's depreciation curve then the potential up-side is greater; for example people are still writing off Scuderia's and the like, reducing the number of cars on the road and making the others worth more but the remaining F40's are mostly wrapped in cottonwood, at the same time the Scud, Superleggera, Mercialago SV etc are still young enough that the Speciale, Pista, Performante, SVJ launching can impact value.
Also there's the issue of low interest rates, it's not a coincidence that classic and rare supercars started to climb in value post the financial crash, with interest rates down to nothing people started to look for other ways to invest their money and old cars suddenly got a lot more expensive, but central banks have been hinting at interest rate rises for donkeys, if they do start to increase then we could see car values plateau fall, especially because people who finance their purchases may not be able to any more.
That being said, I'm tempted to own a share of the company that owns the car and declare to everyone via a cheap keyring 'My other car is an F40!' and can afford to lose all my money when the lad they pay to wash it bins it into an M25 speed camera
Schemes like this popping up usually are a strong signal of the top of a market cycleThere's also the issue of how much further an F40 can go up in value, if it was near the bottom of it's depreciation curve then the potential up-side is greater; for example people are still writing off Scuderia's and the like, reducing the number of cars on the road and making the others worth more but the remaining F40's are mostly wrapped in cottonwood, at the same time the Scud, Superleggera, Mercialago SV etc are still young enough that the Speciale, Pista, Performante, SVJ launching can impact value.
Also there's the issue of low interest rates, it's not a coincidence that classic and rare supercars started to climb in value post the financial crash, with interest rates down to nothing people started to look for other ways to invest their money and old cars suddenly got a lot more expensive, but central banks have been hinting at interest rate rises for donkeys, if they do start to increase then we could see car values plateau fall, especially because people who finance their purchases may not be able to any more.
That being said, I'm tempted to own a share of the company that owns the car and declare to everyone via a cheap keyring 'My other car is an F40!' and can afford to lose all my money when the lad they pay to wash it bins it into an M25 speed camera
trowelhead said:
Schemes like this popping up usually are a strong signal of the top of a market cycle
Just like in the "old days" when your barber/cab driver started giving you stock trading tips it was definitely the time to short the market. That's what this is, 2 novices who have no investment experience background touting "investments" - run!Mr-B said:
trowelhead said:
Schemes like this popping up usually are a strong signal of the top of a market cycle
Just like in the "old days" when your barber/cab driver started giving you stock trading tips it was definitely the time to short the market. That's what this is, 2 novices who have no investment experience background touting "investments" - run!
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