Friday, December 4, 2009
Big boy's toy, I
Just a weekend topic diversion. I saw very nice tag line on Astro the other day, don't ask the price, you can't afford it. Most of us would dream to drive in a Lamborghini, Porsche or cheaper versions Mercedes SLK or at least a Nissan Z350. We would love to have that feel of going from 0 to 100 in 4.3 seconds or at least 6 seconds to leave your "competitors" in dust. To do that, power is definitely a big factor, the muscle cars can do it in 4 seconds are in the range of 500 hp plus while the "babies" like Mercedes SLK 350 or Nissan Z350 have only 230 hp @ 6000 rpm ranges.
I always wanted to ask those guys in these cars what is their net worth, not to insult them, but at least inspire me to work hard for it. Since I have no friends like that to ask I would have rely on my estimate: at what level of my net worth, I would buy a toy like that. At the back of the envelope calculation revealed to me it has to be between 20-30 million to own a supercar or 5-10 million to own one of those "babies".
Since average working man or women will find it very difficult to achieve those numbers, do we have other alternatives? Before I posting more opinions, let me qualify myself first, I'm not an expert in this area nor as a personal finance consultant. I'm sure that I'm a lot more "senior"(not "older") than most of my readers, coming out to share about this topic. This is one of the areas that can leave a hole in your pocket if you are not careful. Just skip if you don't like what I post OK? just come back another day on stock market topics. Jangan mareh. Got to get back to my desk and work now, see you over the weekend. TGIF.