| Author | Message | ||
| JPM (John_308qv)
Junior Member Username: John_308qv Post Number: 72 Registered: 4-2001 |
Here is a link to an inflation calculator just for fun: link | ||
| jeff ryerson (Atheyg)
Junior Member Username: Atheyg Post Number: 90 Registered: 8-2002 |
Hindsight is 20/20, I think Bowling Stocks were hot in the 70s, AMF? etc,Wal Mart was a joke and K MArt was king, you could buy an acre of land near the strip in Vegas for $20,000 and sell it for $10,000,000 today, I would rather of had the pleasure of driving and owning a rare car for 20 years, as the saying goes you can't take it with you. | ||
| Martin (Miami348ts)
Advanced Member Username: Miami348ts Post Number: 3239 Registered: 5-2001 |
Rob, that leaves you with $3,500. Where did you say you will park them all? | ||
| Rob Lay (Rob328gts)
Board Administrator Username: Rob328gts Post Number: 2773 Registered: 12-2000 |
$37 mil to spend all on cars, oooo, I'm getting the shakes thinking about it... 166, 250 tr, 250 SWB, 250 GTO, 250 LM, 275 GTB/C, Lusso, 330 GTC, 365 BB, Daytona, 308 M, P4, 206 SP, 288 GTO, F40, F50, Enzo, 420, 575, 333 SP, F1's and 1986 328 GTS #61701. Am I out of money yet? | ||
| JPM (John_308qv)
Junior Member Username: John_308qv Post Number: 71 Registered: 4-2001 |
Rob, sorry I didn't read your entire post - my bad. Would like to be in both positions -$40k and have owned those great cars for the past 26 years or have the 37 mil now and retire to a villa and start a great car collection! Regards John | ||
| Martin (Miami348ts)
Advanced Member Username: Miami348ts Post Number: 3230 Registered: 5-2001 |
The same money would have bought you a 308GTB Fiberglass for $ 25,000 plus maybe a used early 308GT4 for another $15,000. Today both are worth nothing more than the $40K you had invested in the first place. You might have put that money into a state of the art TELEX machine, because that was the wave of the future. Of one of those copy machines that used that good sniffing toner stuff. aaaahhhhrrrggggggg | ||
| BobD (Bobd)
Member Username: Bobd Post Number: 767 Registered: 3-2001 |
So Rob, what is available today so we can cash in 30 years from now and get that kind of return??? | ||
| Rob Lay (Rob328gts)
Board Administrator Username: Rob328gts Post Number: 2771 Registered: 12-2000 |
Um John, you read the last line of my post, about $37 mil. | ||
| TomD (Tifosi)
Intermediate Member Username: Tifosi Post Number: 1821 Registered: 9-2001 |
JPm, a lot more and no oil changes - but not as much fun | ||
| JPM (John_308qv)
Junior Member Username: John_308qv Post Number: 70 Registered: 4-2001 |
$40,000 equals about $127,000 in 2001. I wonder what the return would have been if the money was put into the market for the past 26 years. | ||
| Bart Boonacker (Sharky666)
New member Username: Sharky666 Post Number: 44 Registered: 9-2002 |
To bad I wasn't even born back then  But $ 40k in 1976 would have been a lot more then $40k now I guess. I don't know for sure but I bet wages were way lower then nowadays. But still, would have been a real nice investment If I could only look into the future | ||
| Brian W Dimetres (Acnberlin)
New member Username: Acnberlin Post Number: 31 Registered: 11-2002 |
Wow | ||
| Rob Lay (Rob328gts)
Board Administrator Username: Rob328gts Post Number: 2763 Registered: 12-2000 |
From the December 1976 Road and Track for $40k you could buy a... 1967 275 GTB Alloy $17,750 1956 410 SA $14,500 1968 Shelby GT 500 $5,500 All now worth maybe $950,000 They also had 1967 Ford MK IV # J-3 for $100,000 obo. However, Wal-Mart was selling split adjusted for 6 cents a share. That's not even couting dividends over the years. $40,000 in Wal-Mart back then would now be worth $37,000,000. |