Now is your chance to invest in a collection of the most iconic Ferrari models, offered by TheCarCrowd.
This collection targets 22-26% annual returns with a 4-year hold
Classic cars have been a remarkably resilient alternative asset, and Ferraris are leading the way.
Over the past 10 years, the collectible Ferrari index has delivered roughly ~11% IRR.
We're partnering with TheCarCrowd to acquire rare Left-Hand Drive models from the UK at prices up to 40% below US market values, holding for 4 years, then selling.
Each of these beauties is low mileage and in concours-level condition. 🤌
4-year hold: Retain assets for 4 years to allow for maximum appreciation.
Return: Export the collection to a US auction house for a high-profile sale.
Collection details:
We'll be acquiring the following vehicles:
Ferrari Testarossa: A cultural icon from Miami Vice and The Wolf of Wall Street, known for its distinctive design and powerful flat-12 engine.
Ferrari 328 GTS: The final model from Ferrari’s analog era, beloved for its pure driving experience.
Ferrari 355 Berlinetta: Featured in James Bond’s Goldeneye, this launched Ferrari into the modern supercar age with groundbreaking performance and design.
Interested in joining us & owning a part of this collection?
Risk Statement: As with any syndicate there is always an element of risk. Capital is at risk and the value of the assets can go down as well as up. Past performance is not a guide to future performance and you may not get back the amount initially placed. TheCarCrowd is not regulated by the UK Financial Conduct Authority, although opportunities to join our syndicates aim to comply with all UK crowdfunding regulations. This opportunity is a private placement into a syndicate that will own the assets outright. Any deposited capital will not be protected by the Financial services Compensation Scheme. This syndicate opportunity is only suitable for High Net Worth, Sophisticated, Professional or Institutional investors.
📰 Market Headlines
Stocks ended mixed as bond yields extended their climb to fresh multi-month highs.
The Dow slipped 0.02% and the S&P 500 fell 0.05%, while the Nasdaq eked out a small gain.
Treasury yields climbed higher, with the 10-year note hitting 4.22%, a three-month high.
McDonald's shares fell 6.57% after hours as the CDC linked an E. coli outbreak that resulted in 10 hospitalizations and one death.
Former Abercrombie & Fitch CEO Mike Jeffries was charged with sex trafficking and interstate prostitution.
“It’s important to balance the Goldman Sachs propaganda machine with Goldman Sachs the money-making machine. Putting out a bearish note when others say the market is topping is likely a self-fulfilling prophecy that allows them to win big on short positions—for the short term. if you want to know what Goldman Sachs thinks, look at where they are putting their money.”
📈 Trends you need to know
Classic high-end Ferraris have appreciated nearly 12% annually.
🧠 What do you think?
Over 69% of American adults feel stressed about the upcoming presidential election. What about you?
GE Aerospace raised its 2024 profit outlook but warned of supply constraints; shares tumbled 8%.
Texas Instruments forecast Q4 revenue below estimates due to weak chip demand in industrial markets, but shares went up 3.95%.
General Motors beat Q3 expectations as shares surged 9.8%.
Verizon reported flat Q3 sales but beat EPS estimates, while shares dropped 3.07%.
Philip Morris topped Q3 estimates with EPS and raised its 2024 outlook; shares rallied 8.6%.
Market movers
Amazon announced plans to shut down its same-day delivery service from brick-and-mortar stores, Amazon Today, by January 2025.
Thoma Bravo-backed Sophos acquired Secureworks from Dell for $859 million.
Starbucks suspended its annual forecasts as new CEO Brian Niccol aims to turn around declining traffic and sales.
OpenAI hired former White House official Aaron Chatterji as its first chief economist to lead research on AI's economic impact.
The Federal Trade Commission’s rule which banned fake online reviews went into effect, allowing civil penalties against violators.
Ideas, trends, and analysis
CEO departures surged 15% to 1,450 between January and August 2024, compared to last year.
🌍 Global Perspectives
🇷🇺🇨🇳🇮🇳 Russian President Putin hosted leaders from China, India, and other nations at the BRICS summit.
🇮🇱🇱🇧 The Israeli Defense Forces intercepted a drone from Lebanon that entered Israel's airspace.
🇰🇷🇺🇦 South Korea threatened to send weapons and military personnel to Ukraine in response to North Korea's alleged deployment of troops to support Russia's invasion.
🇮🇩 An Italian surfer died tragically after being impaled by a swordfish while surfing in Indonesia's Mentawai Islands.
📊 Crypto
India favors CBDCs over private cryptocurrencies like Bitcoin, despite leading global crypto adoption.
Solana-based memecoin platform Pump.fun launched an 'Advanced' trading terminal to rival competitors.
🧠 Errata
An Australian woman's phone retrieval attempt went sideways when she got stuck upside-down between boulders for 7 hours.
A nationwide IV fluid shortage threatens to wash out surgery schedules for weeks after hurricane damage shuttered a crucial factory.
The “ghost fish” of the Mekong, thought extinct since 2005, has resurfaced three times.
📺 What to Watch Today
Woman wedged in rocks after dropping phone
That’s all for today. Did I miss anything? Smash the reply button to let me know.
