Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips.
Rare and collectible cars are growing in value, with indices in an all-time high territory. But can you actually make money off of your ‘old jalopy’ and are cars good hedges against inflation?
For more insights, correspondent Howie Lim speaks to Julian Kho, editor at Sgcarmart.
Highlights:
01:38 Investing in cars a double edged sword
04:40 Trends in the space: modern classics taking off
06:39 What investors can do to maintain value of car
09:57 Do NOT drive your investment; mint condition is key
12:06 What exactly to invest in
Produced by: Howie Lim (howielim@sph.com.sg) and Claressa Monteiro
Edited by: Howie Lim and Claressa Monteiro
Follow BT Money Hacks podcasts every first and third Monday of the month, and rate us on:
Channel: https://bt.sg/btmoneyhacks
Apple Podcasts: http://bt.sg/oeXe
Spotify: http://bt.sg/oeGN
Google podcasts: http://bt.sg/oeGP
Website: https://bt.sg/moneyhacks
Feedback to: podcast@sph.com.sg
Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice.
---
Discover more BT podcast series:
BT Mark To Market Podcast at: http://bt.sg/btmark2mkt
WealthBT at: http://bt.sg/btwealthbt
PropertyBT at: https://bt.sg/btpropertybt
BT Market Focus at: http://bt.sg/mktfocus
BT Podcasts at: https://bt.sg/pcOM
---
For more on personal finance, go to: bt.sg/moneyplaybook
See omnystudio.com/listener for privacy information.
BT Money Hacks