Re: March 15, 1969
Still sucky as an investment. ESPECIALLY if you figure in maintenance upkeep and insurance.
Although if you had invested just $1 dollar a day, every day from March 15, 1969 until today, you would have about $593,399.27 in your portfolio. This is assuming you just went index with the dow.
Or, $4,000 invested in 1969 in the S&P, without adding another penny, but reinvesting dividends would net you $279,118.98 today.
Of course, with cars there are exceptions, but the problem is, no one knows which cars are really going to skyrocket.
In the early 1970s, one of the 39 Ferrari GTOs made in 1963 was DONATED to a vo tech in Texas, because there was virtually no market for a high strung noise ex race car. One recently sold at auction for $38m. That pales in comparison to the silver (most were red) one that sold privately for $72m. Who knew.