In Reply to: Best way to spend $10,000 - Buy 02! in "Money" Mag posted by josh '72 -'02 on June 25, 2001 at 18:59:00:
I pointed this article out about 2 weeks ago, and my original point still stands.
When someone moves to your neighborhood and offers you cash, 20% more then you're asking, do you call them naive and an idiot (well ok, maybe an idiot), or take the money and hand them your closing lawyers card?
Guys, any port in a storm, and right now its stormy. Gadzillionare rich kids are only millionares. Plus, its only going to be 2002 once. They still have to get to work, even if its the McDonalds in Silicon Valley.
So, their observation is, in fact, correct. Is JDS Uniphase worth $168 a share? It is if there's a buyer. If you don't want to sell, either because you enjoy driving, or because the JDSU certificate looks good on the wall, you may, or may not, miss the price movement. But you can't deny its happening, just because you don't want to sell.
Which, by the way, is the story of my life with my cars. When I'm good and done, I'll sell. Which is usually just about the time the guy who offered me a rediculous amount pulls into the driveway to show me what he actually found for the money that could have been mine.
That's the "problem" with enjoying a car for a car, and not for transportation. And man oh man, I enjoy my '02!
Shall we get together and form our own PR corps. TIME, or USNews and World Reports next?
Did anybody see the Money Magazine article on the best way to spend ten grand? There is a blurb in there to buy an '02 because they are great cars.