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re: Tangible Investing!
Posted on 12/16/19 at 8:29 am to southernelite
Posted on 12/16/19 at 8:29 am to southernelite
quote:
I downloaded an app called Rally Road...
I downloaded that app a year or two ago too. Since I’m a gearhead at heart, the idea of investing in exotic cars was appealing. But in reality, holding an equity stake in something that’s parked in someone else’s garage just didn’t make sense to me. With other things, like art, coins, wine, etc., you *really* have to be an expert, or you just wind up being a lamb led to slaughter.
I would love to tag along with Wayne Carini (of Chasing Classic Cars), just to be his gopher and see what he sees on a daily basis. But to actually put money into his deals, I think you have to be a close friend or associate. He’s worth $20 million +/-, so it’s not like he’d need my little money to make his next vintage Ferrari deal.
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