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@WOLFGANG posted:

There is no sense putting $ in the bank - CD now get .05%.  With Covid and whatever will come next - your best investment would be a classic car.  College can't get away with charging $25k per year for distance leaning.  Go for it an enjoy the time you have left.  

Classic cars are a hobby. They provide satisfaction, pride of ownership, happiness and even sheer joy at times, plus periods of challenge and frustration. The amount of money some people sink into this hobby is staggering, take Jay Leno for example. Cars can be an obsession bordering on madness. But if you're fortunate enough to have the extra scratch and a spouse who shares your madness, this hobby is loads of fun. 

Every financial advisor will tell you, however, that with few exceptions, classic cars make for awful investments. To make money, you have to maintain and repair the vehicle, register and insure it, store it indoors in a non-condensing, rodent and bug free environment, accrue as few miles as possible, and have the good fortune to pick a car that's increasing in value. You can't get attached, since you'll have to sell when conditions are optimal. All of this costs money, especially if you pay others to perform maintenance. 

If you want to invest, find some solidly-performing mutual funds with risk profiles that match your goals. Or hire a good financial advisor to manage your investments. But don't buy classic cars unless you can afford to splurge. You'll find better odds at the casino. 

 

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