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Old Mon, Jul-09-2018, 08:27:49 PM   #1
AutoUnion
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Default German Banks Are Telling Investors to Just Buy Up Old Porsches (Values Up 683%)

https://www.bloomberg.com/news/artic...akers-homeland

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Bankers in Germany’s automotive heartland have a recommendation for investors seeking alternatives to low interest rates: vintage cars from their region.

“For customers with more than 1 million euros in liquid assets, a classic car can be an attractive addition to their portfolio in terms of yield and value stability,” Jens Berner, vintage car expert at Suedwestbank AG’s asset management unit, said in an interview. “After the financial crisis, requests for alternative investments such as art, wine or classic cars had risen sharply.”

To better compare vintage cars with other asset classes, the bank some time ago started the OTX Classic Car Index, comprised of vehicles that are at least 30 years old and come from manufacturers in southern Germany where Suedwestbank is based, such as Audi, BMW, Daimler and Porsche. From the start of 2005 to the beginning of 2018, the OTX quadrupled, easily beating the 204 percent gain for Germany’s main stock index DAX.

Suedwestbank, which is part of Bawag Group AG, an Austrian lender partially owned by Stephen Feinberg’s Cerberus Capital Management, calculates the index once a year by multiplying model prices provided by specialist magazine Motor Klassik with registration numbers from the Federal Motor Transport Authority. The 20 cars with the highest values make up the index.

The OTX isn’t the first classic car index in Germany, but it focuses on the country’s prosperous south, where the big luxury carmakers are based. Owners of Porsche 911 classic cars were especially fortunate, with cars in that model series increasing almost eight-fold -- 683 percent -- in value in the past 13 years.
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Old Mon, Jul-09-2018, 08:39:28 PM   #2
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Default Re: German Banks Are Telling Investors to Just Buy Up Old Porsches (Values Up 683%)

totally not a bubble.
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Old Mon, Jul-09-2018, 10:46:57 PM   #3
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Default Re: German Banks Are Telling Investors to Just Buy Up Old Porsches (Values Up 683%)

Yeah. Buy after they have increased 683%, not before. If you know about it, its too late.
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Old Mon, Jul-09-2018, 11:45:31 PM   #4
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Default Re: German Banks Are Telling Investors to Just Buy Up Old Porsches (Values Up 683%)

Buy on the rumor, sell on the news.
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Discussing German Banks Are Telling Investors to Just Buy Up Old Porsches (Values Up 683%) in the Off Topic Forum - Place to discuss this and that. Note: We also have "request to join" forums: Guns and Fitness.
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