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re: Would you use a FA that drove a Ferrari?

Posted on 9/18/24 at 11:17 am to
Posted by slackster
Houston
Member since Mar 2009
89580 posts
Posted on 9/18/24 at 11:17 am to
quote:

Would your financial advisor recommend you buy a car like a Ferrari?


Depends on a lot of things.
Posted by Sterling Archer
Member since Aug 2012
7879 posts
Posted on 9/18/24 at 2:18 pm to
quote:

am sitting at 27% growth across all accounts for the last 12 months


The S&P is up 27% over the last 12 months. Could have had the same performance with an index fund for free
This post was edited on 9/18/24 at 2:19 pm
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 9/18/24 at 5:19 pm to
quote:

Some Ferraris are legit enthusiast cars. Everyone has hobbies.


Exactly! Although some people do buy certain cars (watches, houses, clothes, handbags, etc.) to project an image or because they’re trying to make up for some perceived deficit within themselves (I have a friend like that), others buy certain types (not just brands) because they (we!) like to take our cars to the track and flog them. That’s probably a lot more common with Porsche and Corvette owners than Ferrari and Lamborghini owners. But I see more than a few Ferraris and Lamborghinis toasting their tires at VIR than many might expect. Going to the track a few times a year, and pretend that I’m Ayrton Senna, has probably kept me from being a breaking headline story on CNN.

But with that said, yeah, when I see (what looks like) a stripper in Las Vegas driving a Ferrari, Lambo, Porsche or Vette (probably leased)… that’s most definitely image projection or soothing an internal issue. But still… to each his/her own.
Posted by ItzMe1972
Member since Dec 2013
11422 posts
Posted on 9/18/24 at 5:50 pm to
The biggest house in my neighborhood is owned by an FA.

He drives an older pickup.
Posted by GREENHEAD22
Member since Nov 2009
20045 posts
Posted on 9/18/24 at 6:19 pm to
quote:

He’s been fortune 503 times over the last 10 years


What does this mean exactly?
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
82016 posts
Posted on 9/18/24 at 7:35 pm to
Posted by beaverfever
Little Rock
Member since Jan 2008
34268 posts
Posted on 9/18/24 at 7:59 pm to
I think European sports cars are kind of tacky in general.
Posted by Drizzt
Cimmeria
Member since Aug 2013
14369 posts
Posted on 9/18/24 at 10:31 pm to
If your FA was smart he’d park a 7 year old Accord out front and leave his Ferrari at home.
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