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Old 05-23-2010, 12:56 PM #253
ClawHammer
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Quote:
Originally Posted by magman007 View Post
FUUUUUUUU.... At least I didn't do it, although I always thought if it ever did get totaled, it would be my fault, and I kinda wanted it that way, because if that were the case, I would probably still have it today.


I know it sucks, I really liked that car.
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Old 05-23-2010, 01:13 PM #254
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Originally Posted by Featherlite 07 View Post
It appears you are making the point that this is a financially stupid purchase. I completely agree, and have stated this several times myself.
I was entertaining the point, yes, but was mainly curious as to the post-graduation timeliness of it. That's the big question I had. See--I myself grew up in an environment which emotionally / psychologically rewarded the behavior of spending for impression. The town's medium income was $230,000 and it wasn't uncommon to see a 16 year old driving an f430. That debate or observation of spending is banal at this point and not relevant to your thread or your decisions, so I hear ya. College, under natural law, prepares people to make immediate choices after their graduation to do 'something' with money. That 'something' is debatable based on who you ask, and I don't currently have anyone in my rolodex that has gone this route so I was interested. This doesn't suggest that the people I know are unhappy or having fun because they can't "take possessions with them", but certainly the time for strategic planning was about a year to two years ago for you (assuming a graduation of this spring). Everyone I knew took their saved money up to graduation and invested it in law school. I'm tempted to do something similar. Buy myself some extra years of vacation time But again, learning about this type of stuff interests me and I'd sure as hell flaunt that car around town if I had it haha. Out of interest, what job market are you into or going to be into?


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Originally Posted by magman007 View Post
except, there is no job market post graduation right now, which sucks.
What? Not really depending on what career choice. You mentioned earlier about a "Professional field" being in the OP's deck of cards. I'm not exactly sure what a professional field boasts over a regular career (because any career is still technically 'professional'?)

I suppose if he had a job lined up that offered a reasonable salary to compensate for this purchase, it would be a slightly better situation. I entered a job market that starts six figures, but am actually downgrading myself due to stress hah.

I recently read a book that outlined people's habitual patterns and all of the statistics behind happiness. It turned out the correlation between happiness and spending strongly suggests buying 'experiences' (vacations, travel, etc) will make someone significantly happier than market goods. I am personally into buying **** over going on vacations because of my preconceived notion of 'value', but it got me thinking about it more now than ever based on the time that I have left.
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Old 05-23-2010, 03:43 PM #255
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Quote:
Originally Posted by Featherlite 07 View Post
It appears you are making the point that this is a financially stupid purchase. I completely agree, and have stated this several times myself. My reasoning, then, is that the car is ungodly amounts of fun, and makes me happy. I save money, and I invest in markets. The car does not consume all of my income. I am a believer in balance. Saving the maximum possible amount of money is cool for some people, but you can't take it with you. Sure I could save forever and wait until I retire to buy a fun car, but then I'll be an old geezer who can't enjoy it and just looks at it in the garage. I'd rather have fun throughout my entire life than a few more dollars later. Maybe if I have a family, my outlook will change, but until then...
A little advice: stop investing in the US dollar and start investing in gold or another tangible investment. Stocks and bonds are backed by the US dollar which isn't pegged to gold, and as such they will be worth nothing. The basic idea behind this is that in order for a recession to turn around and let an economy start being profitable again, you need to hit rock bottom first once you've already started to plummet. If you look at the way a an economy timeline looks, the line starts at 0 when an economy is started, there is a quick but steady gain when the economy begins to boom, there is a plateau where the economy is doing its best, and then there is a drop where it hits rock bottom (the recession), and then a steady gain again. And by hitting rock bottom, the US dollar's value will literally be worth nothing. Considering the US economy has not hit rock bottom yet, we have a few years left before it does and then we will see a major reform. Basic econ 101. So start putting your savings into something tangible that will always have a market out there, and gold is your best bet. Properties work too, but property prices are fueled by big banks and the US government, so that kind of ****s you in the long run.

Just looking out.
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Old 05-23-2010, 04:07 PM #256
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I know it sucks, I really liked that car.

thanks man, I like your beetle too.
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Old 05-23-2010, 07:33 PM #257
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Originally Posted by magman007 View Post
FUUUUUUUU.... At least I didn't do it, although I always thought if it ever did get totaled, it would be my fault, and I kinda wanted it that way, because if that were the case, I would probably still have it today.




I will make it easy for you, pete is a car guy, who is entering a professional field. Much as I did with my e46 m3, I wanted something that I would always have pleasure driving, and still exude an aire of professionalism in my choice of vehicle.

In the price range I was looking at, nothing really fit the bill, the sti at the time was too "boy racer", same goes for the evo. Mustangs and the like dont suit my tastes, as I wanted something that could handle, with power, at the time the mustang was putting out lower numbers than the m3, and did not handle as well.

So as car guys, we did our research, and found out what car would fit our needs, It just so happens that bmw and the m division did this quite well for us, we both waited to find a clean used example (my stipulations were clean, and less than 50k miles, under 30k, with an extended warranty in the price)

I was able to purchase the car I wanted, at a fraction of its sticker cost, still in "new" condition, and having 2x the luxury, fit and finish, and accessories as the new cars I was considering, and out performing them at the same time.

Was it a good investment? No not at all, I had a gigantic car payment ~650 a month, and when it got totaled by an 87 yearold lady at a stop light, I just barely got out from under the loan.

Would I do it all over again? In a heart beat. If you are a car guy, you will understand.

Personally, I love driving, but getting behind the wheel of a chevy malibu doesn't do it for me. I love performance driving, I love driving a performance car. I like knowing that the technology in my vehicle was developed on the track, and around the ring. I love knowing that in any driving situation I wish to do, I have the car to do it in.

If I wanted to go to a track day, I could drive my car on the track, and drive it home, maybe not turn the fastest lap, but still have enough fun. If I was in an emergency situation, I know how the car will act, due to a predictable, communicable chassis, direct steering, proper suspension, etc.

I also know that if I got into an accident, that this car, compared to a cheaper car with similar crash test ratings, would handle a more severe accident, and hopefully keep me alive.

If I had to drive cross country (which I had to do on a couple of occasions) I knew that I would arrive safely, comfortably, and feel confident through out the entire trip, traveling at speeds half of which the car was designed to achieve on the autobahn. My thoughts were if the car can be used to commute at its regulated 155 mph on german public road ways that 70-100 on some jaunts of the interstate would be a breeze. Where some cars start to feel squirrely at these speeds, the m3 was planted, confident, and ready to give more.

Thats why I bought my m3, probably some of the reasons pete bought his m5, and I am sure that if you ask most of the posters on this forum who are not retarded, they could relate with their car buying decisions.
Great post.
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Old 05-23-2010, 07:47 PM #258
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[ramble]
... I really thought it was a joke half way through, but I kept reading and decided you were serious about it... I... I'm speechless.

Also, and more importantly, this isn't the forum to open up this can of worms, so either PM me with your inevitable response, or take solace in silence.
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Old 05-23-2010, 07:59 PM #259
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As an investor myself, I'm just looking out for Pete. I don't know how much he invests in properties or gold, but the basic premise here is to keep as much of your money for as long as possible, and to turn as high a profit as you can without taking big risks.

The value of gold has shot up 400% in the last 20 years. Since our economy isn't pegged to gold in value, and other world wide currencies base their value off the US dollar, when the dollar plummets, so will other currencies. Gold went from being worth $300 an ounce in 1990 to $1,200 an ounce today. This is obviously a trend of things to come, because every market works in cycles. Start somewhere, peak incline, plateau, plummet to rock bottom, repeat. We already had a boom, the bubble burst, and the treasury is just printing out money non-stop. Short term this works, long term it doesn't, and when the dollar hyper-inflates and is worthless, we see a type of reform to fix the broken economy. So buy gold to save money, and when you need a type of HARD currency that will be worth something wherever in the world you take it, regardless of how the economy is doing, you will definitely get what you're owed.

But hey man, what do I know. I'm just some guy on a forum looking out for others.

Edit: I'm not going to derail this thread, I'm just trying to help. Take it or leave it, I don't care. It's not my money.
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Last edited by ZeR0 EVOlution : 05-23-2010 at 08:02 PM.
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Old 05-23-2010, 08:06 PM #260
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Old 05-23-2010, 08:20 PM #261
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Originally Posted by magman007 View Post
In the price range I was looking at, nothing really fit the bill, the sti at the time was too "boy racer", same goes for the evo.
You said "boy racer". Where did you pick up that term? Ive only ever heard it in New Zealand.
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Old 05-23-2010, 08:24 PM #262
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Originally Posted by ecanem View Post
"verbal diarrhea"
I was going to sa "verbal vomit".


Zero evolution, your a sharp kid, but you are much too money oriented. Honestly, the last thing I wan't to read on pbnation is how much gold is worth. We didn't ask for a lesson on investing so, please, spare us the "verbal vomit/diarrhea" because no one really cares.

Thanks man.
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Old 05-24-2010, 12:10 AM #263
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I was going to sa "verbal vomit".


Zero evolution, your a sharp kid, but you are much too money oriented. Honestly, the last thing I wan't to read on pbnation is how much gold is worth. We didn't ask for a lesson on investing so, please, spare us the "verbal vomit/diarrhea" because no one really cares.

Thanks man.
Gosh damnit that was perfect.
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Old 05-24-2010, 12:11 AM #264
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Quote:
Originally Posted by dansnow187 View Post
I was going to sa "verbal vomit".


Zero evolution, your a sharp kid, but you are much too money oriented. Honestly, the last thing I wan't to read on pbnation is how much gold is worth. We didn't ask for a lesson on investing so, please, spare us the "verbal vomit/diarrhea" because no one really cares.

Thanks man.
Hey, I like you. I'll even let you **** my sister.
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Old 05-24-2010, 09:06 AM #265
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Quote:
Originally Posted by ZeR0 EVOlution View Post
A little advice: stop investing in the US dollar and start investing in gold or another tangible investment. Stocks and bonds are backed by the US dollar which isn't pegged to gold, and as such they will be worth nothing. The basic idea behind this is that in order for a recession to turn around and let an economy start being profitable again, you need to hit rock bottom first once you've already started to plummet. If you look at the way a an economy timeline looks, the line starts at 0 when an economy is started, there is a quick but steady gain when the economy begins to boom, there is a plateau where the economy is doing its best, and then there is a drop where it hits rock bottom (the recession), and then a steady gain again. And by hitting rock bottom, the US dollar's value will literally be worth nothing. Considering the US economy has not hit rock bottom yet, we have a few years left before it does and then we will see a major reform. Basic econ 101. So start putting your savings into something tangible that will always have a market out there, and gold is your best bet. Properties work too, but property prices are fueled by big banks and the US government, so that kind of ****s you in the long run.

Just looking out.
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Old 05-24-2010, 10:10 AM #266
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hey pete.

what'd you pay?
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Old 05-24-2010, 10:17 AM #267
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Gold is better used as a barometer for whether stock prices are inflated or not:

http://en.wikipedia.org/wiki/Fileow_Gold_Ratio.gif

At any rate, this thread isn't about that.
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Old 05-24-2010, 10:50 AM #268
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respect the mans wishes and stop asking him how much he paid god damn. its none of your guys ****in business.
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Old 05-24-2010, 10:51 AM #269
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lawl.
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Old 05-24-2010, 11:17 AM #270
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going to order some goodies from IND in the next couple of days. Nice.

After these little dress up parts it will just need an ipod connection and a V1 to be everything I want. Oh, and satin black P40s. Would kill for those wheels, om nom nom.
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Old 05-25-2010, 09:17 PM #271
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respect the mans wishes and stop asking him how much he paid god damn. its none of your guys ****in business.
he paid 39k



lol
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Old 05-25-2010, 09:18 PM #272
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I did?
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Old 05-25-2010, 09:18 PM #273
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^ I heard he paid like 28k...

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