Quote:
Originally Posted by Lace
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.
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They went up a lot when they did the cash for clunker thing. The government forced how many tens of thousands of good vehicles to be destroyed... less cars, higher price.. As far as daily rentals, the profit is huge, man - a bit over a year ago we rented a truck and it was 15+ years old with everything broken, maybe a $1000 truck, and it cost $100/day plus $.28/mile.. basically paying for itself once a week. I mean, hell, I could get a transmission changed for $300 in that thing.
I think that investing in the markets takes a lot of research... either have to be very very familiar with the complexities of it OR put some time into finding some real solid information about the companies themselves. I think that there are fairly simple ways to find undervalued companies like comparing their price with the actual company cash and income or some kind of shit, too
It just ain't for me.. I feel like unless I study it 8-12 hours a day for a year or two, it'd just be gambling