Buy a New Ferrari to Drive, Buy the Stock as an Investment

Buy a New Ferrari to Drive, Buy the Stock as an Investment

$RACE

The Big Q: Want a Ferrari but cannot afford a Supercar?

The Big A: There is another way to own a piece of the legendary Italian marque, buy the stock, it is up 65% YTD.

A Ferrari (NYSE:RACE) fan could spend $215,000 on the Portofino, the company’s newest convertible sports car and entry level model, or buy 1,300 shares of the company, which is trading at 163.00 on the NYSE.

A classic, rare and exclusive Ferrari, like the iconic 250 GTO from the 1960’s, commands millions of dollars. Take the car or 267,000 shares…

The Southside to owning Ferrari stock is not being able to drive the investment.

There is rush when mashing the throttle, the thrill of hearing the engine scream and the glorious sounds emanating from the exhaust.

Ferrari stock, however, is even hotter than the cars. Shares have spiked more than 65% since the start of the year. For investors who bought stock at Ferrari’s IPO in October 2015, the return has exceeded 221%.

The Big Q2: What is worth more over time a Ferrari car or stock?

The Big A2: It depends on which Ferrari you buy. The current line up of production cars: the Roma, Portofino, Lusso, 812 Superfast, 488 Spider will not appreciate in the coming years.

I would not buy a new Ferrari as an investment, barring inflation, the selling price will not exceed what the cars sold for new. So, buy it to drive and drive it as it has a 15yr warranty.

Ferrari is the Aristocrat of the automotive sector.

Enzo Ferrari’s iconic Italian Supercar manufacturer claimed the title according to the latest Brand Finance Global 500 2019 report launched at the World Economic Forum in Davos.

HeffX-LTN overall technical outlook for RACE is Very Bullish, overhead resistance is 168.09, and Key support at 162.27, as all Key indicators are Bullish and the stock has established long term support ahead of this breakout.

Ferrari finished at 163.68, -2.49 Monday in NY.

Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I see it at 200+/share in that frame.

Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I see it at 200+/share in that frame.

Stay tuned…

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