SLS/R197/C197 AMG: SLS BS on BAT
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baldmike73 (12-18-2023)
12-18-2023, 08:36 PM
#4
Wow! I sold mine almost 2 years ago for $50K more. That’s a 7% drop in price over 2 years while the S&P 500 rose 24% YTD! Glad I got out when I did!
https://bringatrailer.com/listing/20...lack-series-8/
https://bringatrailer.com/listing/20...lack-series-8/
12-20-2023, 08:57 AM
#5
Member
Wow! I sold mine almost 2 years ago for $50K more. That’s a 7% drop in price over 2 years while the S&P 500 rose 24% YTD! Glad I got out when I did!
https://bringatrailer.com/listing/20...lack-series-8/
https://bringatrailer.com/listing/20...lack-series-8/
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haa (12-20-2023)
12-21-2023, 08:43 AM
#6
MBWorld Fanatic!
Thread Starter
Wow! I sold mine almost 2 years ago for $50K more. That’s a 7% drop in price over 2 years while the S&P 500 rose 24% YTD! Glad I got out when I did!
https://bringatrailer.com/listing/20...lack-series-8/
https://bringatrailer.com/listing/20...lack-series-8/
But back to your point.....the S+P was recovering from the selloff due to covid, so of course it was up. So even if you didnt underprice it, your numbers are flawed.
12-21-2023, 01:06 PM
#7
Honestly I loved owning it but it eventually turned into an investment that cannot be driven if it were to maintain value, and insurance for full agreed value kept climbing. It was the most awesome car I ever owned and drove though, and I still buy cars for fun. Just not sure they are a great investment because even the best of them are not easy to liquidate at full value. You are absolutely correct that the stock market is on a rebound recenty but consider this, $7000 invested in the S&P 500 in 1957 would have become $4.7 Million today yet the average 300SL gullwing which cost $7000 in 1957 and arguably the best investment car of all time is only worth $2 Million today and that's not counting another more than $1 million spent to keep it insured and maintained 1957-2023. As someone said, you can't drive your portfolio but if you invest your money conservatively you can possibly own 2 of them in a few years instead of owning 1 today.
Last edited by haa; 12-21-2023 at 01:25 PM.
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12-21-2023, 01:29 PM
#8
Member
Honestly I loved owning it but it eventually turned into an investment that cannot be driven if it were to maintain value, and insurance for full agreed value kept climbing. It was the most awesome car I ever owned and drove though, and I still buy cars for fun. Just not sure they are a great investment because even the best of them are not easy to liquidate at full value. You are absolutely correct that the market is on a rebound recenty but consider this, $7000 invested in the S&P 500 in 1957 would have become $4.7 Million today yet the 300SL gullwing which cost $7000 in 1957 and arguably the best investment car of all time is only worth $3 Million today and that's not counting another more than $1 million spent to keep it insured and maintained 1957-2023
Don’t forget, at some point, you have to actually do something with your S&P ETF, or it’s just a number. You can’t eat a dollar bill, you can’t fly on it, you can’t drive it, you can’t sail on it, and you can’t sleep under it. If your portfolio just sits there and grows, isn’t it just like your undriven SLS?
I too once fell into an unreasoned mode of acquisition… it lasted for decades. When the smoke cleared, I had nothing more than when I started, except a piece of paper with a large number on it. I learned life is not always about maximizing the yield to maturity… IMHO.
Also, you defeated your own argument. On the one hand, you state that you cannot drive the SLS and have it maintain its value, yet you also say that there has been a $2.993M gain in the average SL value (with average mileage). You can’t have your poison, and eat it too.
Last edited by ericisback; 12-21-2023 at 01:42 PM.
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NewportSLS (01-31-2024)
12-21-2023, 01:52 PM
#9
MBWorld Fanatic!
Thread Starter
As I said… I can’t drive my portfolio, and I can only ski behind one yacht at a time.
Don’t forget, at some point, you have to actually do something with your S&P ETF, or it’s just a number. You can’t eat a dollar bill, you can’t fly on it, you can’t drive it, you can’t sail on it, and you can’t sleep under it. If your portfolio just sits there and grows, isn’t it just like your undriven SLS?
I too once fell into an unreasoned mode of acquisition… it lasted for decades. When the smoke cleared, I had nothing more than when I started, except a piece of paper with a large number on it. I learned life is not always about maximizing the yield to maturity… IMHO.
Also, you defeated your own argument. On the one hand, you state that you cannot drive the SLS and have it maintain its value, yet you also say that there has been a $2.993M gain in the average SL value (with average mileage). You can’t have your poison, and eat it too.
Don’t forget, at some point, you have to actually do something with your S&P ETF, or it’s just a number. You can’t eat a dollar bill, you can’t fly on it, you can’t drive it, you can’t sail on it, and you can’t sleep under it. If your portfolio just sits there and grows, isn’t it just like your undriven SLS?
I too once fell into an unreasoned mode of acquisition… it lasted for decades. When the smoke cleared, I had nothing more than when I started, except a piece of paper with a large number on it. I learned life is not always about maximizing the yield to maturity… IMHO.
Also, you defeated your own argument. On the one hand, you state that you cannot drive the SLS and have it maintain its value, yet you also say that there has been a $2.993M gain in the average SL value (with average mileage). You can’t have your poison, and eat it too.
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haa (12-21-2023)
12-21-2023, 02:29 PM
#10
Member
