Quote:
Originally Posted by raymor
Used car prices are expected to go up.
I'm wondering about something though. You asked for "truly passive" investments, but used buying cars to rent out as an example. Running a car rental business is anything but passive.
For passive income, there has never been any ten year period where stocks didn't make money. On average, the Dow returns 7.4%.
Stocks are on sale right now. They are underpriced to the point you're almost guaranteed to have big gains over the next five years, probably really starting to grow in about 13 months.
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How much higher can they go? I've been looking for another vehicle for my wife to drive an hour to work everyday and prices are out-fucking-rageous! I'd buy a bike but she cant drive that to work - not to mention it would get stolen in the city in the blink of an eye. If you're looking to get into the auto market, get a dealers license, hit up auctions and open up a dealership so you can rape those who want to trade in their vehicles and have no clue of the used car market. The car market is just about as good as the market for gold right now - worthless.
As far as stocks - good luck to any noob getting into them. You're set to lose a shit ton no matter what your plan is before you make a penny. Just look how unstable the market has been in the past 3 weeks.