Looking for market advice in these troubled times? Auction house Barrett-Jackson suggests that buying classic cars could be the best remedy for your portfolio of investments.
According to Barrett-Jackson, many of the top cars have performed better than the stock market and gold over the last 10 years. The value of the cars in the Barrett-Jackson Mini-Index grew by a compounded annual growth rate of 16% from Q1 1998 to Q1 2008, while during that same time period, the DJIA grew at 5%, the S&P 500 Index by 4% and the price of gold by 11%.
