Re: Message from the National Packard Museum in Warren, Ohio

Posted by Tim Cole On 2020/5/15 8:04:57

All of this stuff is heading down the toilet. My rule of thumb has been I wouldn't pay more than I would for a new car. Suddenly I see a restored 29 Packard reduced to less than the cost of a new Jeep.

There is some humor in this turmoil however. For example, I had some cash lying around and put it into a 3-5 year duration investment grade bond fund. Well, those rocket scientists have managed to do the impossible and it loses money. The only way you can lose money under the mattress is if you are running a Ponzi scheme. Unfortunately for these car clubs and museums when I croak it's going to the ASPCA and to Planned Parenthood.