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Are collector cars a safer investment than stocks?

Are collector cars a safer investment than stocks?

Statistical analysis suggest that tangible assets can be safer long-term investments

When it comes to investing, there’s no such thing as a sure thing, as evidenced by the recent “correction” on Wall Street. However, statistical analysis and historical perspective can provide some guidelines about where to invest in volatile times.

“What we have seen in the past is that when the (stock) markets get weird, people invest more in classic cars as they are more stable — and tangible,” suggests Andy Reid, ClassicCars.com auction analyst.

Of course, classic car values also fluctuate. For example, while values in the mainstream segment of the collector car market have been increasing a a nice rate of late, prices at the very top end have tended to be somewhat sluggish.

Statistics show that tangible assets perform slightly better than stocks and bonds over the long-term.

It’s too early to know the length or, let alone the long-term impact of the recent stock market correction, or how it might impact the collector car marketplace. But we’ll have a much better read on the situation next month as we observe the upcoming auctions on Amelia Island, Florida.

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