Glosrich

Is it a left over vacuum hose from a valved exhaust?

I guess you'd need some kind of resistor for the seat airbag to keep the light off?

On 1/23/2020 at 1:05 PM, Mattman42 said:

so why are you on a Boxster forum then??

Don't take offence guys, it was meant as a light hearted comment, and only my opinion. We're all entitled to our own opinions aren't we?

Ironically if I ever buy a newer Porsche, it will probably be a Boxster, as I'd like to own one for a while.

I'm on here as its a good forum, and like yourselves I enjoy fixing and maintaining my own car to save a bit of money now and again.

3 hours ago, zcacogp said:

@Glosrich - not quite. 

 

It's less than 30 funds (I think it's 27, but let's go with 30). The benefits of diversification are touted by risk-averse financial advisers who never explain the down sides of it. Imagine one of those 30 companies disappears entirely and the stock is entirely worthless; your fund will lose a mere 3% of the value. Imagine you have diversified into 300 companies and one of them doubles in value; your fund will gain a mere 0.3% of the value. A reduction to zero value of one company is very unlikely but a substantial increase in value is quite likely. If you have confidence in the stock you buy then why put money elsewhere? As the strapline goes, "Buy good companies .... do nothing". 

 

It's nowhere near all US-based either - it currently lists 65.5% US-based. Currency fluctuations are far more of a concern than the whole of the US economy evaporating overnight. (An aside, but if the whole of the US economy was to disappear overnight then we'll all have much bigger problems than the loss of value in our investments!) 

 

I have put a LOT of my eggs in Terry's basket over the last 8 years. I've gone in with my eyes open, taken care to understand the risks and don't regret it; I'm up well over 350% in that time. It's not all roses; FEET has not been a success but I haven't written that one off yet. Smithson is yet to prove itself. 

 

Now, back to the superiority of the Cayman over the Boxster. Smutty comments aside, I notice that no-one has yet to disagree! 

Thanks for the info.

Yes Cayman's are better than Boxsters. I've got a 2009 2.9 base in Aqua Blue. Much more rigid to drive, no leaks from the roof, and how much can you have the roof down in this country anyway!

Wait for the explosion, sorry just my opinion.

10 hours ago, zcacogp said:

Mat1, 

 

We're getting WAY off topic here but I think Terry Smith's approach is predominantly defensive so I suspect he will do well in a bear market. However opinions on this will differ and the debate will rage for a long time to come! 

 

Now, back to 987's. Are we all agreed that the Cayman is better than the Boxster? Good, I thought so....

Yeah i think Fundsmith is at the riskier end of funds at the moment, they only have about 30 company stocks all in the US afaik, so if the US economy goes down so does the fund.

No denying it has performed really well for the last 5 years, might be time to get out.

Just dont have all your eggs in one basket.

1 hour ago, mat1 said:

I'm all in with Fundsmith, Lindsell Train, SMT etc but we're in the longest and best bull market of all time! I think more realistic is around 5% from somewhere like CTY..

 

Yearly I project the cost of my £15,000 2.9 PDK at £3050ish or £254/mth

£1300 depreciation

£750 opportunity cost

£1000 maintenance.

 

vs £850/mth for a new Boxster or maybe £250/mth for a bog standard Golf. 

I think it's a bit of a bargain really!

Depends on deposit of course, but a new Boxster is £469 a month, over 36 months with £10900 deposit on a PCP.

https://www.helstongarages.co.uk/porsche/new-car-offers/718-boxster/

1 hour ago, zcacogp said:

https://www.fundsmith.co.uk/ Admittedly not the savings account I mentioned in my post but has produced an annualised return of over 19% since inception. 

 

(If you re-do  my earlier figures with 19% instead of 10% then that new car looks like worse and worse value. Viva la banger, eh?)

Thanks

3 hours ago, zcacogp said:

It's a perennial debate but £10k deposit (if you have that much) is a cost of about £1000/yr (or more) in interest compared to having it in a half-decent savings account. And £399/month is £4788/year. 

 

That flat 4 boxster is therefore nearly £6k/year, plus whatever you'd have to pay when you hand it back (may be zero - I've never understood how such finance deals work.) And I doubt there are many people on here who have paid £6k in even one year on maintenance, let alone £6k each year on an ongoing basis. 

 

It's not for me, but buying new is clearly a good idea for some people as there are thousands who do exactly that. And I'm glad there are - if no-one bought a new car then there wouldn't be any second hand cars for us lot to buy. Once upon a time someone bought my car new, and they may have paid for it on finance.

Some good points there.

Where are you getting 10% interest, let me know please. I can only manage about 7-8%.

We really need to keep an eye on how much we spend, for our own sake. Its great being careful and getting things just right, even a bit OCD, but when you spend so much you could have a better car or even a new one, is that sensible?

£10k deposit and £399 a month gets you into a new Boxster. I know its only a flat 4, but....

Depends if he's a cash buyer or looking for finance.

They will do a better deal if he takes their finance, but its more expensive than the cheapest personal loans.

Pre-reg or low mileage demo might be a good way to go:

https://www.autotrader.co.uk/classified/advert/201904197149826?utm_source=triggered_emails%26utm_medium=Email%26utm_campaign=email_a_friend