No issue with you having a million bikes. As an investment, I suppose that's when it changes. Maybe they are tax deductable, I don't know. I used to see classic cars being brought to shows on a trailer. Never got the point. They use petrol, put some in and enjoy. Everyone has their vices
I guess I just love bikes and my involvement has 3 facets... 1) Riding them for the last 34 years - I have bikes I run. 2) Building them - starting with a Z1000 which I mono-shocked and turbocharged when I was 18 and featured in Superbike Magazine in 1985, currently building a KR1000 replica from scratch - self learning tube bending and alloy tanl modelling at home while I go. 3) More recently collecting them for retirement investment swapping from a property investment. I personally see this as a better (rightly or wrongly) yet more enjoyable way of investment for 'me'. I don't see an issue with any but couldn't do number 3 without number 1 & 2 so in some cases I would agree with you. In my case I don't uphold your reasoning :Happy:
Its a risk though, all investments are. Do not invest what you can't afford to lose. Now if your famous and I own one of your bikes, I will make a few quid, unfortunately I need to wait until your, well let's say, in a heaven full of loved ones and a few bikes to keep you out of trouble.
As they are investments then always but to be honest, I'd rather own them longer for a lesser return than ending up as a part time trader - which would potentially be more lucrative. This is where where my investment plan falls down a little I guess I have turned down good profit on my R1, the GSX-R750 and the ZXR750 K1 already.
Take the profit, nothing wrong with trading. Get to own more bikes, unless a buyer comes along. Move up the market, maybe into more, real classic type bikes. Don't love an investment
My bikes are targeted where I believe personally there is more potential uplift in percentage terms over the next 10 years. Many more classic bikes have climbed already, I targeted rare more recent or zero mile cult bikes where I thought they were at the bottom of any depreciation curve - just my opinion for more percentage return. Also the passion side deemed I bought what I liked. Don't you have a pension?
Which 750, shit I wish could have a line like that. I have a pension, apparently a safe pension, which every couple of years I have to put more into, otherwise, when I retire, I will not be able to feed myself. I hate pensions, its play money for the markets and keeps the bonuses rolling. Pensions are a con. Anyway, sorry gone off on a rant
You could, but its an investment, so its a risk. Retirement is a mine field, the taxman likes retirement.
I am the registered keeper of all but the R1, which is unregistered. A bit of a grey area but Classic Car collectors do not pay tax if the car goes up in value.
The bikes are registered, your the keeper, not the owner. I think any sale would be taxed in retirement. Relate it to owning property. You have the deed, but still taxed on sale. The R1 is different.