[Fot] Racing as an investment strategy

[Doug Mitchell]

Government accounting is right if you get 84 laps. 7 laps per session, 2 sessions per day for 3 days only works out to 42 laps by my math. But, at Road America, that is 168 miles so on the per mile basis... Ouch, my head hurts from the calculations. :-)

Cheers,

--
Doug Mitchell
dmitchel at sbcglobal.net

Sent from my ASUS Pad

John Houlton <jhouathome at aol.com> wrote:

>Here's my way of looking at the financial wisdom of it all:
>
>Last week at ELVF at Road America I completed exactly 1 lap.  In the rain.
>(There were also 2 out laps, but I am only counting laps under "green
>conditions".
>
>Entry fee:  $515.00
>Towing 720 miles round trip:$368.10
>Hotel, food, etc. for 3 nights: about $900.00
>Misc.:  about $200.00
>
>Let's call it a $2000.00 weekend
>
>So the way I do the math, the true value of racing a Triumph at Road America
>is $2000/lap.
>
>If you figure the average session gets you 7 laps, and you do 2 sessions/day
>for 3 days, that's 84 laps.  You can also run the enduro, or the extra Cup
>race, or maybe even another promotional race, so let's call it 100 laps in a
>"normal" weekend.
>
>Since we have established that the "value" is $2000/lap, this means that,
>given maximum racing time, one would recieve a value of $200,000 on a small
>investment of $2000, which makes racing a Triumph the best investment
>anywhere, ever.  This makes people like Tony D. and Bill D. (who seem to have
>run well all weekend) very shrewd investors indeed.  Where else can you get a
>return like that in such a short time!  That's why I encourage all my friends
>to go vintage racing.  With a return like that it's better than self funding,
>and we can all look forward to very comfortable retirements.
>
>I think I should work in Government accounting.
>
>John
>
>
>
>
>-----Original Message-----
>From: Richard Taylor <tarch at bellsouth.net>
>To: fot <fot at autox.team.net>
>Sent: Wed, Sep 19, 2012 9:05 am
>Subject: [Fot] Racing as an investment strategy
>
>
>Here is one way to calculate Internal RoR.
>
>Total direct cost of Atlanta Historic's Race last week = + $2150. Weight of
>edallion (& blue ribbon) = 2.9 ounces = $741/oz. Current price for gold is
>1773/oz. Therefore racing is more than twice the better deal as buying
>old!
>
>
>Richard  L. Taylor, Jr.,    FAIA
>TAYLOR    ARCHITECTURE
>
>blocked::blocked::http://maps.yahoo.com/py/maps.py?Pyt=Tmap&addr=112+Krog+S
>.+++Suite+196&csz=Atlanta,+Georgia&country=us> 112  Krog  St.      Suite
>96
>tlanta,     Georgia,    30307
>tel:
>blocked::blocked::http://www.plaxo.com/click_to_call?src=jj_signature&To=(4
>4)+223-1313&Email=tarch at bellsouth.net> (404) 223-1313
>fax:             (404) 223-1312
>mobile:
>blocked::blocked::http://www.plaxo.com/click_to_call?src=jj_signature&To=(4
>4)+660-4920&Email=tarch at bellsouth.net> (404) 660-4920
>                 <http://www.taylor-architecture.com/>
>ww.taylor-architecture.com
>______________________________________________
>ot at autox.team.net
>http://www.fot-racing.com
>Donate: http://www.team.net/donate.html
>rchive: http://www.team.net/archive
>orums: http://www.team.net/forums
>nsubscribe: http://autox.team.net/mailman/options/fot/jhouathome@aol.com
>_______________________________________________
>fot at autox.team.net
>
>http://www.fot-racing.com
>
>Donate: http://www.team.net/donate.html
>Archive: http://www.team.net/archive
>Forums: http://www.team.net/forums
>Unsubscribe: http://autox.team.net/mailman/options/fot/dmitchel@sbcglobal.net