I have a chance to buy a low miles (38,000 origional) red 1965 Malibu 2 dr hardtop for $7500. The car is in very good condition, and has never been wrecked. One way to finance this would be to sell 300 shares of DNY.
Do you think this would be foolish? My investment goals are for 10-15 years out. I know that if I take care of the car it will go up in value, as this is a very desirable model. I am not to sure about the shares though. What do you think?
PS... diversity is alive and well in my division where we just hired a black female HR manager off the street. She was from HR in a dying industry in the area, and has no printing experience. I expect she will do OK. No one at our division was as qualified to be promoted to this position. Generally the division views this move as normal and healthy. Good luck to our newest employee :)
From an investment perspective it's common knowledge that one never buys a depreciating asset,which, contrary to your belief, a car is considered to be, especially if you use it often. However, remember you only live once and if this car will make you happy I say go for it. You can always buy more Donnelley stock.
RRD is a depreciating asset, probably more so than a well worn Malibu. Top Reasons to go for the Malibu...1) You can let anyone ride in it you want to, No Quotas!, 2) You don't have to listen to others whine about its performance, 3) Even if it depreciates more than RRD in the next couple a years, you'll have some fun with it in the mean-time. 4) If RRD is the best stock you can find to invest in right now, you obviously know more about stock cars than stock markets! I unloaded over half my holdings @$26+...I may get back in at $19.50 for another 30%+ ride... Although I think I'd enjoy the Malibu ride more, however, not nearly as bumpy.