The $279,000 Mustang

I shoulda, woulda, coulda statements yield you nothing but a thread like this.

However, I owned 3 Ford Mustang LX 5.0 notchbacks back in the 90's. Great fast car to drive. Those were the days.

Quote from eagle488:

Back in 1993, I purchased a used 1991 Mustang 5.0 for $10,000. I loved the car, lots of fun. However, I was naive back then. Instead of purchasing this car, I should have placed the money in a large cap dividend paying stock like Fidelity. Although I had a lot of fun times with the car, I would honestly rather have the $279,000 that could have been made with that cash.

A few days ago I posted a message asking which stocks would you pick to hold for 20 years. I received some helpful messages and purchased $1500 in stocks over the weekend through www.computershare.com and other similiar websites. McDonalds, Wells Fargo Bank and All-State. $500 for each of the securities. The reason why I didnt use my regular trading account to purchase the stocks was because I desire to keep my long term investments seperate from the short-mid term trades.

In two weeks, I plan on making another round of purchases of Caterpillar, Fidelity and Anheuser-Busch. This will keep going on for a few years until I amass a small collection. I am using Merchant's Dividend Achievers list to pick the various stocks, www.dividendachievers.com.

This new longer term strategy will be an insurance policy in the event of disaster. As the below link for Fidelity demonstrates, $10,000 in 1993 amounts to about $279,000 today. The sleepy dividend paying big cap stocks do pan out over time and when I am in my 50-60s I believe that I will be thanking myself for engaging in this type of strategy.

http://www.investor.fnf.com/calcula...ic_Day=25&historic_Year=1993&Submit=Calculate
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:D
 
Quote from spinn:

My father had 500 shares of Microsoft within a year of its IPO.

Because he was an MIS director for the Government, they forced him to sell it.

I bet that trade alone would of made more than he did over thirty years.

Dont you love it when the Govt gets involved in your personal business?
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He could have have gifted it to you instead..BUT HE DIDNT.....BADDA BOOM! :D
 
Quote from indahook:

He could have have gifted it to you instead..BUT HE DIDNT.....BADDA BOOM! :D
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Maybe not. Gifting to a spouse is still "beneficial ownership" and prohibited.... likely the same for other immediate family members.
 
when I was 18, my brother offered my his 1968 Camaro RS ragtop. Maybe it was an SS; I can't recall.

I remember the cammy, smooth growl of the 327 with an Accel electronic ignition. I remember the Hurst 4 speed. I remember that time I drove it to Mass from Florida on about an hour's sleep...the sunrise in Hartford...

I look back and realize how much my brother must have cared for me to offer me that car...

priceless.

*sigh*


is this off topic?
 
It's easy to go back 10-20 years, pick a stock with big gains, and fantasize about what you would have made if you put your money in it.

Actually picking a stock that goes up by that magnitude and holding it to reap the gains is a different story.

Odds are you would have picked a stock that went down, or sold early.

Be happy with your Mustang.
 
Hindsight's 20/20.

i.e. Go pick me a MSFT right now and throw 10G's on it Monday morning....

The originator of this thread has the right idea insofar as trying to create a balanced portfolio... but he did have fun with the 'Stang.

Enjoy life while you can.

aPismoClam has the idea !



:cool:
 
Would You Have Invested??

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Quote from snooptrader:

It's easy to go back 10-20 years, pick a stock with big gains, and fantasize about what you would have made if you put your money in it.

Actually picking a stock that goes up by that magnitude and holding it to reap the gains is a different story.

Odds are you would have picked a stock that went down, or sold early.

Be happy with your Mustang.
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That's a good point and one reason I have all my retirement accts in mutual funds.....haven't touched them other than to add money every year.
 
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