| Message |
That sum of $43,028 invested in just the industrial average of the stock market ( Dow in 1995: approx. $4000, Dow in 2010: $10,000) would now be worth around $107,570. Just proves what a depreciating asset a car is...even one you like. The car now worth maybe $12K had an opportunity cost of $107,570 - $12K = $95,570 in today's money. And remember, this is "un-earned" income...meaning you didn't have to work/sweat for it...just set the money aside. Makes you think before buying a brand new car at new price...doesn't it?
|
 |