Viper only go up in value

[ACRSNK]

You think high den cars like a Gen V ACR will pull back 30%? I hope you are right cause I want another one. Problem is they only made less than a thousand units over two years and every time one goes up for sale some crazy collector buys it and it never sees the light of day again. I’m buying two more when prices drop 30% or more. Can’t wait!

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You think high demand cars like a Gen V ACR will pull back 30%? I hope you are right cause I want another one. Problem is they only made less than a thousand units over two years and every time one goes up for sale some crazy collector buys it and it never sees the light of day again. I’m buying two more when prices drop 30% or more. Can’t wait!

[Mikey]

From the high of september 2007, the DOW JONES took almost 6 years to recover (winter 2013) at the same level.

Also, my opinion is the next crisis will hit harder (and somewhat differently) than 2008...

Bottomline, I wouldnt be surprised at all if a low milleage ACR-E priced at 300k in spring 2022 would be available at the very same price in 2028... and at 220k in 2024.

The DOW hardly represents the broad market. In 7 of the 11 drops, it only took one year for the S&P 500 to recover to its previous all-time high. I'd personally welcome a heavy discount, but don't expect pre-covid prices again. The affluent still have access to very cheap money, I'm a small fish and am still paying 3.62%. The fatter pockets get even cheaper rates

[Aevus]

The DOW hardly represents the broad market. In 7 of the 11 drops, it only took one year for the S&P 500 to recover to its previous all-time high. I'd personally welcome a heavy discount, but don't expect pre-covid prices again. The affluent still have access to very cheap money, I'm a small fish and am still paying 3.62%. The fatter pockets get even cheaper rates

Any global context with an average P/E ratio north of the historical 15 leaves me very suspicious. I definitely have the impression that the stockmarket has become a huge casino powered by a forward shoveling mechanic of gigantic proportions.

[Mikey]

Any global context with an average P/E ratio north of the historical 15 leaves me very suspicious. I definitely have the impression that the stockmarket has become a huge casino powered by a forward shoveling mechanic of gigantic proportions.

Very well could be, but the biggest fortunes have come after sell-offs. Like @ACRSNK touched on, they can only fall so much before fatter pockets start buying them up again
From my understanding, the people purchasing 300k acre examples are doing so as a hedge, rather than an investment
The same with luxury watches, my portfolio has dropped more than my viper has

[Patentlaw]

Average recession is about 17 months, 2-3 years would be considered a depression. If that's the case, I have bigger concerns than the value of my Viper

Correction.....11 months. We are already 9 months in.

[Mikey]

Correction.....11 months. We are already 9 months in.

Post WWII, that is correct. Lifetime is 17

[Policy Limits]

Another 1/4 Mill: https://bringatrailer.com/listing/20...e-viper-gtc-9/

[Hamrhead]

Another 1/4 Mill: https://bringatrailer.com/listing/20...e-viper-gtc-9/

Most likely another in a few days!

https://bringatrailer.com/listing/20...iper-acr-e-19/

[Mikey]

Most likely another in a few days!

https://bringatrailer.com/listing/20...iper-acr-e-19/

It has heads and cam too..... makes me want to make poor financial decisions

[ViperTony]

It has heads and cam too..... makes me want to make poor financial decisions

Me too, again!

[finalleaf]

https://bringatrailer.com/listing/20...e-viper-gts-2/

wouldve been a great deal for anyone in canada or willign to deal with import

[Mikey]

https://bringatrailer.com/listing/20...e-viper-gts-2/

wouldve been a great deal for anyone in canada or willign to deal with import

I don't think he is gonna accept anything less than 120

[stevert]

Importing from Canada is easy.. like super easy. It is actually harder for a Canadian to buy an American car.

[finalleaf]

Importing from Canada is easy.. like super easy. It is actually harder for a Canadian to buy an American car.

kinda embarrassing that I have no clue how importing from Canada works even though I'm a Canadian expat, is there sales tax you have to pay on that side? or duties etc?

[Aevus]

kinda embarrassing that I have no clue how importing from Canada works even though I'm a Canadian expat, is there sales tax you have to pay on that side? or duties etc?

probably no sales tax if you get it shipped, and no duties since it's made in US

[Mikey]

probably no sales tax if you get it shipped, and no duties since it's made in US

I'm pretty sure it was only going to cost 500 for the brokers fee and then 3k to ship

[Scott_in_fl]

I'm pretty sure it was only going to cost 500 for the brokers fee and then 3k to ship

Getting the broker is the absolute best way to get this done. I've imported many motorcycles and learned the hard way after doing it myself the first time. After that, it's a customs broker all day, every day.

[Mikey]

This is my first recession I'm old enough to be affected by. Q3 isn't quite over yet, but the MSCI 25/50 tech is at a -4.13% Q3 loss (-4.07% compounded) as of today. If we're using 08 as a benchmark, we're "only" -15.24% (14.39% compounded) away from 08's end of year loss. Plenty of analysts are saying this will be way worse than 08, but if not, we could be near the tail end. This is strictly just looking at the numbers, I'm not taking into account inflation and job reports.

[Lawineer]

This is my first recession I'm old enough to be affected by. Q3 isn't quite over yet, but the MSCI 25/50 tech is at a -4.13% Q3 loss (-4.07% compounded) as of today. If we're using 08 as a benchmark, we're "only" -15.24% (14.39% compounded) away from 08's end of year loss. Plenty of analysts are saying this will be way worse than 08, but if not, we could be near the tail end. This is strictly just looking at the numbers, I'm not taking into account inflation and job reports.

The "big" problem with 08 was that it was taking banks out, and a collapse of the global financial system is a whole different level of "recession" than something like the dot-com bubble bursting.

I kind of just figured it was more or less another run to the mill downturn until I saw what has been going on with bonds. This is a whole new level of crazy. I'm not sure WTF to do about that.

[Mikey]

The "big" problem with 08 was that it was taking banks out, and a collapse of the global financial system is a whole different level of "recession" than something like the dot-com bubble bursting.

I kind of just figured it was more or less another run to the mill downturn until I saw what has been going on with bonds. This is a whole new level of crazy. I'm not sure WTF to do about that.

Looks like 1973+1974 had a combined loss of 59.79% (-40.21% compounded) if we were to use those two years as a benchmark, we'd be almost exactly half way done. Except with that example, we'd be getting the worst out of the way first as 1974 suffered a steeper decline than 1973 did. I foolishly deployed 40% of my reserves during the Q3 bull trap, I'm sweating bullets now

[Lawineer]

Looks like 1973+1974 had a combined loss of 59.79% (-40.21% compounded) if we were to use those two years as a benchmark, we'd be almost exactly half way done. Except with that example, we'd be getting the worst out of the way first as 1974 suffered a steeper decline than 1973 did. I foolishly deployed 40% of my reserves during the Q3 bull trap, I'm sweating bullets now

You think loss is limited to 73-74 levels? 1929 through 1932 the DJIA lost ~89% of its value.
This aint shit. We are still significantly higher than were we were 5 years ago and we are still nearly triple where we were 10 years ago.


Sleep tight, lol.


edit: I'm not touching anything until SP500 is around 3400. Then I'll buy a little. I'll buy more at 3200 and go in pretty hard below 3000. Or, depending on where real estate is, buying a lot of that.

[Mikey]

You think loss is limited to 73-74 levels? 1929 through 1932 the DJIA lost ~89% of its value.
This aint shit. We are still significantly higher than were we were 5 years ago and we are still nearly triple where we were 10 years ago.


Sleep tight, lol.


edit: I'm not touching anything until SP500 is around 3400. Then I'll buy a little. I'll buy more at 3200 and go in pretty hard below 3000. Or, depending on where real estate is, buying a lot of that.

Of course anything can happen, but Apple, Microsoft, amazon, tesla, Google, and Berkshire didn't make up 24% of the index back then. An 89% drop and I'll be stacking up ammunition at that point

[ViperGeorge]

Of course anything can happen, but Apple, Microsoft, amazon, tesla, Google, and Berkshire didn't make up 24% of the index back then. An 89% drop and I'll be stacking up ammunition at that point

Way ahead of you.

[Martin]

I've been betting with the Fed - bought a ton of SPY puts at 395 and just cashed out. The only way to play this market, in my opinion, is to play the volatility. Wait for the right time to get into puts and calls (and their strike prices) and then pay attention all day long. I've lost a few bucks by selling into what my sell points were, but a profit is a profit.

Now, it's a straddle position - buy puts and calls (and sell covered calls on owned long positions) to survive this madness.

[Aevus]

Educated-guess here:

Both Dow Jones and NASDAQ will plunge to 2018 levels. Or less.

Then, 5 to 7 years to come back to dec 2021 peaks.