06-16-2018, 09:46 AM
(This post was last modified: 06-16-2018, 09:52 AM by WRXtranceformed.)
I can't fault you at all for buying rare, sought after parts even if you don't know if / when you'll use them. If you end up needing them, you scooped them up when they were obtainable and if you don't for some reason, they're nearly guaranteed to go up in value and you can make a few bucks. This only works if you know and follow the market, which I know you clearly do on this stuff.
I've been doing the same thing with vintage watches. I've spent *good* money on a few super desirable pieces lately that I hadn't planned on buying soon but wanted to snatch them up before they become unobtainium. Even with $500-$650+ in service into them if they need it, playing the long game you know they will worth many thousands in a few more years.
Exactly. If you ever watch American Pickers, there are a lot of old timers that just bought up old motorcycle, bicycle, and car parts as their "401k" plan. If you know what you've bought over the years, it can be as good as money in the bank (and it's tax free when they're selling it
)
If you really want to justify it, you could see it as a form of financial diversification while being able to enjoy a hobby at the same time. At least that's what I tell myself when I'm putting $1200 at a time into old Seikos
I've been doing the same thing with vintage watches. I've spent *good* money on a few super desirable pieces lately that I hadn't planned on buying soon but wanted to snatch them up before they become unobtainium. Even with $500-$650+ in service into them if they need it, playing the long game you know they will worth many thousands in a few more years.
(06-16-2018, 09:41 AM)ScottyB Wrote:(06-15-2018, 06:12 PM)JPolen01 Wrote: Worse thing that happens is you stock up parts and flip them for a premium in a years.
this is a good point.
some people collect wine or paintings instead of investing. others collect rare OEM supra parts. can't go wrong.
Exactly. If you ever watch American Pickers, there are a lot of old timers that just bought up old motorcycle, bicycle, and car parts as their "401k" plan. If you know what you've bought over the years, it can be as good as money in the bank (and it's tax free when they're selling it
)If you really want to justify it, you could see it as a form of financial diversification while being able to enjoy a hobby at the same time. At least that's what I tell myself when I'm putting $1200 at a time into old Seikos
Posting in the banalist of threads since 2004
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks
