Your car experience report here has something to do with whether or not the stock is a buy?
------
Seems off-topic. Otoh, maybe not to me. Again...and risking the disdain again of Clownbuck and Grommit -g-... I say if somebody (esp. a value investor!) is going to buy a new car (assuming value investors would ever buy new) and is likely going to keep it five or more years (would that even be the minimum time a value investor would keep a car?) they should at the very least consider buying stock in the auto manufacturer. Anecdotally, you add to my belief, Madharry. Had you bought Hyundai stock (through EWY) anytime at or in the few years after you bought the car (2002), and held the stock as long as you've held on to the car (until now), you would have a pretty good capital gain imo:
finance.yahoo.com
Looking forward from the present, if someone were to make a decision that a Prius is the best value buy for them, and bought the car now, should the person now, in current environment, consider buying the stock (Toyota) at the same time the purchase is made? I say, yes, because although the stock of Toyota may or may not be a value buy at current price, IF the person bought the stock now, AND held it as long as they held on to the Prius, imo, the investment would show a decent or better gain at the end. Less confident, but sticking with the approach, if someone bought a new Chevy cruze diesel, I'd say the same: at least consider betting on a few shares of GM for a buy-and-hold if they're going to make the car buy expecting that they'll be happy to keep their cruze a good several years.
Message 28017179 |
