wrote:
I am not sure what you are recommending - if ANYTHING! It sounds like
you are in the "hide it under a mattress" crowd. Be my guest,
especially if you hide it under MY mattress! What I recommended a year
ago wasn't backwards, it was forwards. Guess what? I was right. Your
use of the perjorative word "scam" clearly indicates your bias. Still,
the question is, what is the best strategy for buying a glider
afordably. Do you have any REAL suggestions, or are just passing gas?

Tom

Here's Tom's original post.

Tom Seim
Nov 15 2004, 8:44 pm show options

Newsgroups: rec.aviation.soaring
From: (Tom Seim) - Find messages by this author
Date: 15 Nov 2004 20:44:56 -0800
Local: Mon, Nov 15 2004 8:44 pm
Subject: US Dollar sinks to new low against Euro
Reply to Author | Forward | Print | Individual Message | Show original
| Report Abuse



(Mike Stringfellow) wrote in message
. com...
The US dollar is now valued close to 0.75 Euro, down from its peak of
1.25 a couple of years ago. Analysts say it may go even lower, with
some projecting exchange rates of 0.7 (1.4 dollar to the Euro).

This has pretty much put the kibosh on my goals of buying a new
European sailplane. A model at, say, Euro 85,000 cost around $70,000
a couple of years ago, is now around $110,000 and may soon be at
$120,000.


Economic models would suggest a strong incentive for sailplane
manufacture in North America, but I wonder if the numbers of potential
sales would justify this.


Any thoughts?



Yes, invest your money and wait. For instance, if you put your money
in a high quality mutual fund you will begin accumulating principal.
Take your $70,000 and put in a Morningstar 5-star fund (i.e. Fidelity
Contrafund). If you average 15% return the numbers a
Year Amount
0 $70000
1 80500
2 92575
3 106461
4 122430
5 140795
6 161914
etc.

At some point the price of the glider, converted from euros, is going
to be less than your investment. BUY THE GLIDER! This is, simply, the
power of compounded interest.


Don't agree with my numbers? Then put your damn money into a mattress
and see what happens!


The moral of the story is that patience is on the side of the buyer.

-end-