By David Powdrell
You ever kick yourself for missing a great financial opportunity? I seem to do it all the time. Coulda, shoulda woulda hung on to the old house back in 1981, coulda shoulda woulda bought Apple stock at the initial offering price.
My biggest regret, however, involves a car. An old car.
Back in 1975 while a student at the University Colorado business school, the class assignment was to research and hypothetically invest $10,000 in something interesting, something different and something that brought you joy.
I chose a 1964 Ferrari 275 GTB. I've always had a love for rolling art in fire engine red.
I'm 55 now and have never owned a Ferrari. But my wife recently bid and won an auction item, the opportunity to ride to Ojai in a shiny red 1967 Ferrari, one of Jack Bianchi's incredible cars.
The roar of a Ferrari engine is explosive. There are few interior amenities; no soda can holders, no CD player, and the gauges are small. Like a fighter jet from an earlier era. It's an experience I'll never forget.
I don't know what the car sells for today because they're rarely available for sale. But by the estimates I've heard, a good quality 1964 275GTB would fetch something in excess of $750,000 today.
Oh well on the investment. But I will still always stop and stand still when I hear that unique sound of an old Ferrari coming down the street. If it's red, I'll smile really big.
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