Original Cobra Investment: Woulda, Coulda, Shoulda---Maybe Not.

[Cal Metal]

I was just playing with my calculator doing a little Rate of Return analysis (ROR) and assumed a purchase of a street Cobra (289) back in '65. Assuming a $6,000 purchase with a current value of around $150,000 value today (pretty average for nice cars) the return is a compounded 9.08%.

The 427 cars, assuming no great provenance, comes in at around 10%, using a $250,000 market value.

For most of us, they are more fun than talking about our mutual fund quarterly performance, but the Large Cap. Value funds would have done much better. I try and convince the wife that I get a yearly 10% return bonus by just being able to talk about the car!! That is an intangible that has no price.