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re: Would you use a FA that drove a Ferrari?
Posted on 9/18/24 at 11:17 am to SlidellCajun
Posted on 9/18/24 at 11:17 am to SlidellCajun
quote:
Would your financial advisor recommend you buy a car like a Ferrari?
Depends on a lot of things.

Posted on 9/18/24 at 2:18 pm to DarthRebel
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 on 9/18/24 at 5:19 pm to Clint Torres
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 on 9/18/24 at 5:50 pm to GentleJackJones
The biggest house in my neighborhood is owned by an FA.
He drives an older pickup.
He drives an older pickup.
Posted on 9/18/24 at 6:19 pm to Potchafa
quote:
He’s been fortune 503 times over the last 10 years
What does this mean exactly?
Posted on 9/18/24 at 7:59 pm to GentleJackJones
I think European sports cars are kind of tacky in general.
Posted on 9/18/24 at 10:31 pm to GentleJackJones
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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