The Challenge

[FloridaPhil]

Sounds a lot like the advice of investment advisors doesn't it? "If you invest in quality companies, diversify and stay invested (i.e. stick to the strategy), you will reduce risk, survive the down turns and may realize a profit in the long term."

I think I'll take my chances with the market. I don't like the odds in yours. (16 words)

[olds442jetaway]

Dollar cost averaging. May be too early yet, but in the long run, can’t beat it.

[notes1]

i have forgotten more about investing than you will ever know.

the law requires that those who give advice, must also advise about the risks.

i can assure you, that if you were a licensed adviser, and the NASD or the SEC read your posts, they would be requesting you come in for an interview. a suspension, loss of license and/or fine, would likely follow.

[notes1]

still have not answered the question, all expenses involved, how much has that vanity car cost you?

[FAA]

Disastrous to jump in near the top of the market. Feeling the financial symptoms for over a month.

[FloridaPhil]

i have forgotten more about investing than you will ever know.

the law requires that those who give advice, must also advise about the risks.

i can assure you, that if you were a licensed adviser, and the NASD or the SEC read your posts, they would be requesting you come in for an interview. a suspension, loss of license and/or fine, would likely follow.

I believe you are overreacting. I am not a licensed financial advisor, nor do I pretend to be. Anyone who would accept financial advice from someone who does not take the time to learn all a person's details, is as naive as someone who believes video poker is a better investment than stocks.

Panic is not your friend when it comes to finance. I am sure you know that. If you need all the money you have in the world to survive, you have no choice but to sell out. Someone should have advised you of that before you bought stock to begin with. As you get older, your advisor should have been transitioning your portfolio toward retirement. Extreme diversification is my strategy and it works. I lost half of my portfolio in 2008. I didn't need the money, so I did nothing. That move made me a millionaire and I didn't have to sit in a smokey casino all night.

I am sorry if you don't like what I say on this forum. It's not personal. This is not a good time to cause people to panic. Cooler heads are required. (192 words)

[notes1]

i am not overreacting. i am simply pointing out hypocrisy when i see it. you have ad nauseam, faulted others for not pointing out the risks of playing VP, and the limited (if any) possibility of beating the casino. the number of your posts on this subject must total in the hundreds, if not thousands. yet, you (a non licensed financial adviser), freely and often give investment advice while not pointing out the risks. one must be consistent.

years ago, when others were leery of your comments regarding less than full coin play, i came to your defense. i supported the notion that this was an open forum and you had a right to your opinion.

but, enough is enough. you have beaten the same subjects so often, i never even bother to read most of your posts. why bother, we all know what is coming next.

no one wants to be lectured.

[FloridaPhil]

no one wants to be lectured.

So take the challenge. I'm betting you can't.

[Tedlark]

I’m guessing you hardened the valve seats Phil, run a lead additive, or have modern heads on the car. At any rate, it is a beauty. I remember seeing a pic of it partway done under the hood. Stay safe. Trying to remember now. 292 block and 312 heads?

Hardened valve seats are not required on a car that is driven only a few miles a month. The alcohol in today's gas also helps. This car still has it's original cylinder block bored .060" oversize. The rest of the engine is out of a 1957 Ford with 312 heads, intake and distributor. The cam is an Isky grind that old man Isky himself recommended. It has a 4.11 gear. With the overdrive it turns about 2,500 a 60 mph. No radio. You couldn't hear it anyway.

I'm a bit confused:

In your prior posts from September 2017 you mentioned that the car still had it's original 292. If you changed the heads, intake, carb, etc., it is not an original 292. It may be the ORIGINAL block but that's about it.

You mentioned that you bought it about 2 years ago and "old man Isky" recommended a cam for you. Seeing that he would be in his upper 90's now I find that a bit hard to believe. (I prefer Crane cams myself).

As for the ethanol, how does it help? The LEAD in LEADED gasoline is what helped lubricate some internal engine parts and I do not believe that ethanol does the same thing. There are some aftermarket lead additives that you can buy to add to your gasoline if it makes you feel better. Lead also helped prevent engine run-on, especially when some garage tuners screwed with the distributor timing, carb jets or vacuum lines.

[Tedlark]

Phil, is this the car that you wrote here about a couple years ago? The car that you went up north to get? The car you and olds talked about in several posts? So you did all the work on it yourself, Hmm?????

I may be wrong though.

Yes. I bought this car about two years ago from a consignor in NY. The car came from West Texas. I have restored a number of old cars in my life. I'm getting too old to crawl under a car or lift anything heavy. I have a younger friend that owns a large car collection. His shop is incredible. I work on his cars and he helps me with mine. Together, we rebuilt the suspension, brakes, exhaust system, engine, transmission and rear end. The engine machine work was done by a race car shop in Orlando.

My wife and I drive the TBird to cruises all over Central Florida. It's an enjoyable hobby. We have been cruising together since high school. I was into drag racing for some time. These days, bench racing is where it's at. (137 words)

Adding to my car confusion:

Also in your prior posts from September 2017 you mentioned that you had a partner who was a retired machinist that worked on this car with you. So is it a younger friend as you stated above who helps you with this car or was it a retired machinist who helps you on this car? And that you "had a younger shop guy to do the really nasty work." You also mentioned that the two of you were discussing building a '32 coupe (what Ford guy DOESN'T think about building one of those).

But I will give you credit for saying that it is just a driver because with the changes that you have made to this car it wouldn't even hammer for very much at a Mecum auction. Yes, I am also a "Car Guy" who has owned and built many cars myself.