Financial advisors and classic cars

["Woolf,Richard" <richard.woolf@xxxxxxxxxxxx>]

I presently own 10 antique cars, and have been criticized constantly that
I'm making bad investments, and wasting my money.

Bottom line: I'm happy with all my antiques even though it cost a lot of
money for up keep. I just purchased another one. It's a 57 Chrysler Saratoga
4 dr. hardtop. Need work, but what a cool car with those beautiful fins.

After reading Bradley Teets reply about purchasing old cars, I feel Good!!

Rich Woolf

'66 Crown
'73 LeBaron
'72 Plymouth Valiant
'61 Dodge Dart Pioneer
'77 Chrysler Cordoba                          
'57 Chrysler Saratoga
'59 Ford country sedan station wagon (my nicest one)
'73 AMC Matador station wagon
'79 Lincoln TC
'69 Ford Galaxie


-----Original Message-----
From: Brad Hogg [mailto:roadhogg@xxxxxxx]
Sent: Sunday, February 01, 2004 1:42 PM
To: mailing-list@xxxxxxxxxxxxxxxx
Subject: Re: IML: Financial advisors and classic cars


"when you have motor oil in your veins instead of blood, you can't help buy
own them."

Now there's a man who understands!

----- Original Message ----- 
From: "Bradley R. Teets, CPA/PFS, CFP (home office)" <brtcpapfs@xxxxxxxxxxx>
To: <mailing-list@xxxxxxxxxxxxxxxx>
Sent: Sunday, February 01, 2004 11:45 AM
Subject: IML: Financial advisors and classic cars


I read with interest the story of the "new" 1964 Imperial purchased against
the best recommendations of the owner's financial planner.  I happen to be a
financial planner who grew up as the grandson of a Chrysler Plymouth
Imperial GMC dealer in a small town in western Maryland.  I generally would
not advocate most folks buy a classic as an investment but when you have
motor oil in your veins instead of blood, you can't help buy own them.  We
currently own a 1961 Chrysler 300 G coupe and a 1968 Chrysler 300
convertible (yes, no Imperials yet).  I have been able to get some of my
best investment clients through local car clubs, etc as I have a common
interest with the members.  Just act logically when acquiring cars and
attempt to reason with your financial advisor if he / she tries to talk you
out of buying that dream car.



Sincerely,

Bradley R. Teets, CPA/PFS, CFP

61 Chrysler 300 G coupe ("RG" -  mom's favorite son)

68 Chrysler 300 convertible ("RUBY" - dad's favorite daughter)



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