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Don't beat yourself up for not buying a new 1969 Charger in 1969.

SteveSS

SteveSS

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Just for round numbers let's say you spent $5,000 on a 1969 Dodge Charger R/T Hemi 4 speed back in the day.

If you put that same $5,000 in the S&P 500 in 1969, as of 2020 (that's as far as the calculator went.)

That would be worth $3,519,321.
 
Yep ... My first car was a 70 Charger SE 383 Mag that had a sticker of $4600 new . I had that car until 5 years ago . Sold it way too cheap (16,500) and used that money for a down payment on a $250k house . Now I see peices of crap selling for 25k !
No remorse... my house is now pushing $800k.
 
Thanks - I never got over trading in my '70 Cuda BB 4sp vert getting $600 for it back in da day...and also regret not buying stocks back then either...
 
I do however regret not following up on a 70 Hemi Charger 4sp car in 1999 that ended up being purchased by the guy who told me about it ... for $16,700 and it turned 30k on the way home ! I got physically sick when he told me that as I was looking at the car ! Like new other than a dent in the 1/4. I assumed it would cost near $100k at the time.
Follow every lead !
 
Interesting....
I've always thought about doing this calculation of having INVESTED in some type of fund vs. how much I would have realized in the EXPENSE of a vehicle.
Vehicles are expenses.

Cons:
Investment fund - lose your investment(poor investment)
Vehicle-
Car purchased does not appreciate - you purchased a Yugo
 
PS Continued
Vehicle:
-Storage on vehicle
Insurance
-Maintenance etc hoses
-Weathered, deterioration radiator, rubber, brakes, paint etc

Pros-
Market investment:
-Invested in Walmart,Apple, etc You're a multi-millionaire

-Vehicle
Daytona or Superbird Hemi - $0.5 mil - $1 mil
Ferrari GTO(very few made) - Multi - millions

IMO vehicles are an expense and the likelihood of "making it big" with a vehicle is remote. Again, IMO buy a car to enjoy the drive and invest in solid funds if you want to make $ in the long run..

PS As you can tell I'm have an aversion to risk and will never be wealthy.
For those who like taking risks I commend you.
 
IF,IF,IF,IF. You can put up 500 different situations where you could strike it rich in the stock market. However most of us had wives, kids, mortgages, car payments and all the other bills that come in. Saving up for Christmas, birthdays and the slight chance someday of going to Disney World was far more important than either the Charger of your dreams or S&P fund. You have to live life in the present and plan for the future. In 1970, I can safely say that I didn't know anyone who could put down $5k for any one item. We took note of the stock market in 1984 and started investing in the stock market then and still to this day. We have done well, not millions, but more importantly we have enjoyed the ride.
 
Slow and steady wins the investment race.

Compounding and diversification.

I contribute monthly and am at a point where my dividends match my contribution.

I'm planning to retire in about 5 years and at that point it's unlikely there will be a million in there (but it could happen), and my contributions will likely stop and the dividends become one of several income streams, without drawing down the invested funds.
 
I couldn't afford the Hemi car of my dreams in 1984, when the original owner's widow sold it for $6000. But I did start investing in the stock market, with $1500. Fast forward 37 years - it took that long, the S&P 500 enabled me to buy a Hemi and still have enough to retire.

buttmobile.jpg Hemi GTX left side.jpg
 
I remember it like it was yesterday: I was 13 years old and was at the Dodge dealer with Mom and Dad. They always drove C-bodies but were looking at a 1969 Charger, red, black top, white interior, Road wheels, red lines, 383, 4 barrel, console auto. I remember just hoping that if they did buy it that they didn't deal it off again until after I got my drivers license. Unfortunately we drove home in the old 1968 Fury III though. I think I would have gotten a job myself to pay for it if I could have.
 
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