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Do you think it would be a good move to invest money in high class or rare automobiles?
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Hi! it depends upon how namely you're going to invest. If you're going to buy such cars then your initial capital should be big enough, to put it mildly. But in case, for example, of buying some old-fashioned cars, you may start your own business, say,e.g. letting such retro cars for weddings or similar occasions. Then it may be profitable.
Getyourmoney. Investment |
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Since the rise of fuel prices coupled with poor economic growth is making the automobile industry bad. I see a gloomy future for the automobile industry if this trend continues.
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I would rather invest in properties like house and lot compared to cars. The prices of houses and lots would most likely to increase with time, however the prices of cars would go down as time goes by.
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