Saving for that new bike?

Discussion in 'General Harley Davidson Topic' started by SportyHawg, Mar 12, 2009.

  1. SportyHawg

    SportyHawg Active Member

    Here's an idea I want to float out there.

    I've been watching different stocks and thinking with the market down to a level it hasn't seen in 12 years, it just might be a good time to hop in and use some cash to make some cash.

    Since I bought my bike, I've had HOG stock in the crosshairs. It got down to about $8.50/share earlier this week.

    NOW --- if you are thinking about saving for a new bike, why not have Harley help you buy it?! Let's say you buy 100 shares of stock. Every time it goes up a penny, you made a dollar. It closed at 10.82 this afternoon. It was over $40.00/share in October.

    What do you think? I'm thinking its an investment for a year or so -- goes back up to 30/share and Harley has given me the cash to help buy a new bike!
  2. Sharky1948

    Sharky1948 Junior Member

    I think that market timing has consistently been shown to be a bad strategy. Buy and hold for the long haul. Savings accounts are for savings. There's no guarantee that the last few days are indicative of the future. (My bet is that tomorrow will be a bad day in the market; but, I'm still just I said, in it for the long haul.)


    ps. I do hold stock in HD as part of a very diversified portfolio.
  3. Ken S.

    Ken S. Active Member

    Got to finishing paying for my old wife before I can get a new bike. :bigsmiley20:
  4. SportyHawg

    SportyHawg Active Member


    I just figure since the bank is only offering almost nothing on their savings accounts, might be a fun way to step in and get something out of it later.
  5. martillo

    martillo Active Member

    I agree with Smitty ,save enough to pay cash for the first one,then make payments to yourself after enough time with your trade and cash go for another new one.
  6. Bud White

    Bud White Well-Known Member Retired Moderators

    We gonna rehash this again ?
    Last edited: Mar 13, 2009
  7. Irish Hog

    Irish Hog Junior Member

    I know myself I would never save for a bike or any other large purchase. I try and put myself in a position that I have no debt and I will just go out with a down payment and finace a bike and just dedicate the next two or three years paying it off. It may not be the smartest way of doing things, but I know If I put a side money for a motorcycle it would most likely get used for something other, a Caribbean vacation mostly :)
  8. STEVE07

    STEVE07 Well-Known Member Staff Member Super Moderators

    Back to your theory on the stock market investing in HD may not be a bad thing IMO ,early last week when it went below $8.00 I put a few bucks in.But spread your money around and only put in what you are willing to leave in for the long run,or only what you can afford to lose if things go sour. I like to play the stock market but I dont have a large portfolio for this reason.
  9. SportyHawg

    SportyHawg Active Member

    I agree 100%. I wouldn't put all my eggs in that basket. But I would put a few in there. I see it as supporting a company that makes a product that I care about. (Other than adding chrome and bike upgrades!)
  10. fin_676

    fin_676 Experienced Member Staff Member Moderator Contributor

    i put money away into savings every month into what i call my car account
    but it seems to by 2 bikes for every car
    here in the uk in the second hand market if you are buying with cash and can pay today you can drive the price down