NASCARCorvette No. 211

Buy... Sell... Or Hold?

This is 2008 (not 2006 or 2007) and little in the news provide for anything euphoric, ie: the fuel mpg fracas, home mortgage fiasco, short sales, grain prices, oil dependency, the upcoming election, the Iraq war, US dollar devaluation, chicken little, and the media... pick your favorite fairy tale, etc.

So do we put off the joy and fun of owning a Corvette? Do we sell the Corvette we currently own? NO!! Because once we get these issues behind us, the new buyer and current Corvette owners will have had 2 or 3 years of cheap fun and you'll probably do better than break even which is much better than you'll ever do on your new microwave, plasma TV, washer/dryer, refrigerator, Cadillac, or SUV... Although I do enjoy those after 6:00pm moments of cold beer that I pull out of my depreciating fridge but I call that "The Fun Factor!"

fact one: Gas is cheap compared to the $3.00 to $5.00 12/16 ounce bottle of water that we purchase at sporting and other special events.

fact two: Do you hear the sucking sound of Corvettes leaving North America? Americans love their Corvette but so does the rest of the world and dozens are leaving every month due to the deep discount that foreigners get when buying US dollars, US products, and US companies which means every year there will be fewer Corvettes in North America and the remaining will plain and simply cost more due to supply and demand.

Who 'da thought that anyone could afford to buy Anheiser Busch? Well, certain foreign companies would get a 30 to 40 percent discount on price offered due to the US dollar devaluation.

Buy... if that purchase does not stretch your rubber band and you plan on enjoying that purchase for two to three years.

Sell... If you need the money or have a better place to put that money but do not wait too long as the US economy will probably get worse before it gets better.

Hold... see above and do not forget to figure in the"fun factor!" I will!

Miller Bottle for tMichaelis

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Tags: Corvette Buying 101