Discussion
Maybe I'm posting on the wrong site as no doubt I know what the majority of you would say
I've got an itch (not the sort the clinic needs to know about) and it won't go away. Saw a 355 today and it got me thinking about changing so started looking at the classifieds again and saw this
http://www.pistonheads.com/sales/3444899.htm
He hints in the advert at £30k without the service. Now my car is also due cambelts next year so their is no difference in expenditure there. Being realistic maybe I could get £20k for mine for a quick sale (6 former owners and full main dealer history bar 1, total of 17 stamps with new clutch but needing a bit of paint due to stone chips from trip around europe, and 47k)
I have £20k saved in my car fund so if I spend 10k, that still leaves me a buffer for the service and other items that may appear. I would without question also get a PPI done due to the distance the car is from me.
OR..... as the markets are f****d do I gamble and invest in the likess of Lloyds etc and pray, and then get an orange Gallardo like i've also always wanted when (or if) the markets recover!!
Steve
I've got an itch (not the sort the clinic needs to know about) and it won't go away. Saw a 355 today and it got me thinking about changing so started looking at the classifieds again and saw this
http://www.pistonheads.com/sales/3444899.htm
He hints in the advert at £30k without the service. Now my car is also due cambelts next year so their is no difference in expenditure there. Being realistic maybe I could get £20k for mine for a quick sale (6 former owners and full main dealer history bar 1, total of 17 stamps with new clutch but needing a bit of paint due to stone chips from trip around europe, and 47k)
I have £20k saved in my car fund so if I spend 10k, that still leaves me a buffer for the service and other items that may appear. I would without question also get a PPI done due to the distance the car is from me.
OR..... as the markets are f****d do I gamble and invest in the likess of Lloyds etc and pray, and then get an orange Gallardo like i've also always wanted when (or if) the markets recover!!
Steve
It'll take a good couple of years at least to even see a half decent return on shares. Remember you could lose it and still have no 355.
I say go with your gut feel. If you are happy to wait a few years and keep an eye on the markets then invest, but don't expect to make millions overnight. On the other hand don't get the 355 just because the cash is burning a hole in the pocket - get it because you've always wanted one then you will be happy no matter what.
I say go with your gut feel. If you are happy to wait a few years and keep an eye on the markets then invest, but don't expect to make millions overnight. On the other hand don't get the 355 just because the cash is burning a hole in the pocket - get it because you've always wanted one then you will be happy no matter what.
Anubis, I've always wanted a 355. The 348 was/is a stepping stone into ferrari ownership (albeit over the last 3 years I have grown very fond of her)
As for shares, I know i'm not going to make millions, currents portfolio is 33% down, however you could possibly double your money in a year if the right stock is chosen. I remember back in Jan 09 a customer advised me about Barclays, I think by memory they were below 60p and 12 months later they were £3.50!!! instead of investing I bought the 348 however could have 6fold my investment.
Ahh hindsight
As for shares, I know i'm not going to make millions, currents portfolio is 33% down, however you could possibly double your money in a year if the right stock is chosen. I remember back in Jan 09 a customer advised me about Barclays, I think by memory they were below 60p and 12 months later they were £3.50!!! instead of investing I bought the 348 however could have 6fold my investment.
Ahh hindsight
Foundy said:
As for shares, I know i'm not going to make millions, currents portfolio is 33% down, however you could possibly double your money in a year if the right stock is chosen.
Ahh hindsight
That could happen in any market - if you choose the right stock. You're a long time dead - buy the car fella!Ahh hindsight
If you do decide to gamble in the markets, the potential upsides are huge, but so are the pitfalls (I don't know what you're experience is, apologies if preaching to the converted!). I would be tempted to stick away from Lloyds though as the shares are hovering around a safe point for them at the moment (about 22-25p) and I think they will stay around that for a good long time yet. The only reason I would put into Lloyds atm is if they were paying a hefty divi, which I don't think they are!
Personally, I would go for the car, but if you decide to look into shares, you could do a lot worse that putting some into Vodafone (VOD) at the moment. They've dropped from ~183 down to mid 160's after the divi announcement last week and there is talk of either the sale of their majority holding in Verizon Wireless (which would be great) or a complete takeover of them (which would be even better). Either way, I can see them touching £2 this side of Christmas (with £10k investment, you would make a good £2k in a month or so if they hit £2). Plus, the year end divi should be 7.5p-8.0p per share which would give you at least another £500 (think this comes out in June?).
(this is all IMO opinion of course, I'm not being held responsible if they drop to 50p!!)
Personally, I would go for the car, but if you decide to look into shares, you could do a lot worse that putting some into Vodafone (VOD) at the moment. They've dropped from ~183 down to mid 160's after the divi announcement last week and there is talk of either the sale of their majority holding in Verizon Wireless (which would be great) or a complete takeover of them (which would be even better). Either way, I can see them touching £2 this side of Christmas (with £10k investment, you would make a good £2k in a month or so if they hit £2). Plus, the year end divi should be 7.5p-8.0p per share which would give you at least another £500 (think this comes out in June?).
(this is all IMO opinion of course, I'm not being held responsible if they drop to 50p!!)
Jonboy_t said:
If you do decide to gamble in the markets, the potential upsides are huge, but so are the pitfalls (I don't know what you're experience is, apologies if preaching to the converted!). I would be tempted to stick away from Lloyds though as the shares are hovering around a safe point for them at the moment (about 22-25p) and I think they will stay around that for a good long time yet. The only reason I would put into Lloyds atm is if they were paying a hefty divi, which I don't think they are!
Personally, I would go for the car, but if you decide to look into shares, you could do a lot worse that putting some into Vodafone (VOD) at the moment. They've dropped from ~183 down to mid 160's after the divi announcement last week and there is talk of either the sale of their majority holding in Verizon Wireless (which would be great) or a complete takeover of them (which would be even better). Either way, I can see them touching £2 this side of Christmas (with £10k investment, you would make a good £2k in a month or so if they hit £2). Plus, the year end divi should be 7.5p-8.0p per share which would give you at least another £500 (think this comes out in June?).
(this is all IMO opinion of course, I'm not being held responsible if they drop to 50p!!)
With all due respect, people said LLOY where hovering around a safe point 35-40p up until last month.. if you had invested then you would have lost half your money!!Personally, I would go for the car, but if you decide to look into shares, you could do a lot worse that putting some into Vodafone (VOD) at the moment. They've dropped from ~183 down to mid 160's after the divi announcement last week and there is talk of either the sale of their majority holding in Verizon Wireless (which would be great) or a complete takeover of them (which would be even better). Either way, I can see them touching £2 this side of Christmas (with £10k investment, you would make a good £2k in a month or so if they hit £2). Plus, the year end divi should be 7.5p-8.0p per share which would give you at least another £500 (think this comes out in June?).
(this is all IMO opinion of course, I'm not being held responsible if they drop to 50p!!)
I know a little bit about the markets, and I do understand its a bit like poker... all going well until that river card is turned over and you lose the lot
SO, if I decide to scratch the itch, would people say the above spider for £30k seems good value? the mileage is slightly higher but I only average 3k p/a, so in 4 years would have 60k on the clock and hopefully may still be worth £25k if maintained as it should. I know it needs a cam service but so does mine hence I would off load mine at near trade sale.
However JDW post has a valid point. If someone needs to distress sell I would be in the position to buy (and in 12 months possibly without the need to sell first)
SO, if I decide to scratch the itch, would people say the above spider for £30k seems good value? the mileage is slightly higher but I only average 3k p/a, so in 4 years would have 60k on the clock and hopefully may still be worth £25k if maintained as it should. I know it needs a cam service but so does mine hence I would off load mine at near trade sale.
However JDW post has a valid point. If someone needs to distress sell I would be in the position to buy (and in 12 months possibly without the need to sell first)
UH-Matt said:
Jonboy_t said:
If you do decide to gamble in the markets, the potential upsides are huge, but so are the pitfalls (I don't know what you're experience is, apologies if preaching to the converted!). I would be tempted to stick away from Lloyds though as the shares are hovering around a safe point for them at the moment (about 22-25p) and I think they will stay around that for a good long time yet. The only reason I would put into Lloyds atm is if they were paying a hefty divi, which I don't think they are!
Personally, I would go for the car, but if you decide to look into shares, you could do a lot worse that putting some into Vodafone (VOD) at the moment. They've dropped from ~183 down to mid 160's after the divi announcement last week and there is talk of either the sale of their majority holding in Verizon Wireless (which would be great) or a complete takeover of them (which would be even better). Either way, I can see them touching £2 this side of Christmas (with £10k investment, you would make a good £2k in a month or so if they hit £2). Plus, the year end divi should be 7.5p-8.0p per share which would give you at least another £500 (think this comes out in June?).
(this is all IMO opinion of course, I'm not being held responsible if they drop to 50p!!)
With all due respect, people said LLOY where hovering around a safe point 35-40p up until last month.. if you had invested then you would have lost half your money!!Personally, I would go for the car, but if you decide to look into shares, you could do a lot worse that putting some into Vodafone (VOD) at the moment. They've dropped from ~183 down to mid 160's after the divi announcement last week and there is talk of either the sale of their majority holding in Verizon Wireless (which would be great) or a complete takeover of them (which would be even better). Either way, I can see them touching £2 this side of Christmas (with £10k investment, you would make a good £2k in a month or so if they hit £2). Plus, the year end divi should be 7.5p-8.0p per share which would give you at least another £500 (think this comes out in June?).
(this is all IMO opinion of course, I'm not being held responsible if they drop to 50p!!)
).Either way, stick away from Lloyds!!
UH-Matt said:
Jonboy_t said:
If you do decide to gamble in the markets, the potential upsides are huge, but so are the pitfalls (I don't know what you're experience is, apologies if preaching to the converted!). I would be tempted to stick away from Lloyds though as the shares are hovering around a safe point for them at the moment (about 22-25p) and I think they will stay around that for a good long time yet. The only reason I would put into Lloyds atm is if they were paying a hefty divi, which I don't think they are!
Personally, I would go for the car, but if you decide to look into shares, you could do a lot worse that putting some into Vodafone (VOD) at the moment. They've dropped from ~183 down to mid 160's after the divi announcement last week and there is talk of either the sale of their majority holding in Verizon Wireless (which would be great) or a complete takeover of them (which would be even better). Either way, I can see them touching £2 this side of Christmas (with £10k investment, you would make a good £2k in a month or so if they hit £2). Plus, the year end divi should be 7.5p-8.0p per share which would give you at least another £500 (think this comes out in June?).
(this is all IMO opinion of course, I'm not being held responsible if they drop to 50p!!)
With all due respect, people said LLOY where hovering around a safe point 35-40p up until last month.. if you had invested then you would have lost half your money!!Personally, I would go for the car, but if you decide to look into shares, you could do a lot worse that putting some into Vodafone (VOD) at the moment. They've dropped from ~183 down to mid 160's after the divi announcement last week and there is talk of either the sale of their majority holding in Verizon Wireless (which would be great) or a complete takeover of them (which would be even better). Either way, I can see them touching £2 this side of Christmas (with £10k investment, you would make a good £2k in a month or so if they hit £2). Plus, the year end divi should be 7.5p-8.0p per share which would give you at least another £500 (think this comes out in June?).
(this is all IMO opinion of course, I'm not being held responsible if they drop to 50p!!)
I think and hope that 355 prices are unlikely to dip much below the 30k mark, without being rude they will never drop below that of a 348 and they seem stuck at 25k.I think what we are seeing and will continue to see is the 360 under the 355 price wise.
The car you pointed out seems a fair price, however as I found when buying mine asking and getting are 2 totally different things, you may find a distressed seller if you hang on a while longer however I think this is more likely in high end cars like 430 and 458 (although the latter still too new at moment.
I think as with now cars wont so much drop in advertised price but will be on the market for a longer time before selling.
Your problem is off loading the 348, and in this market you wouldnt want to be long of both cars .....
Regards
The car you pointed out seems a fair price, however as I found when buying mine asking and getting are 2 totally different things, you may find a distressed seller if you hang on a while longer however I think this is more likely in high end cars like 430 and 458 (although the latter still too new at moment.
I think as with now cars wont so much drop in advertised price but will be on the market for a longer time before selling.
Your problem is off loading the 348, and in this market you wouldnt want to be long of both cars .....
Regards
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