Wednesday, April 22, 2020

Time to Hit the Road

$161,000-$268,000: too expensive for this newbie.
Adding to the list of things I thought I would never do, I've started following the Recreational Vehicle (RV) market.

When summer travel partially opens up, there are two near-certainties: gas will be cheaper than it has been in generations, and COVID-19 standards of cleanliness in hotels, airplanes, and car services aren't guaranteed.

RV's provide a solution--see America without having to worry about bedbugs or worse.

PS: RV culture spans generations. From 2018:
Retiring baby boomers remain a sweet spot for RV brands...But marketers are reporting new interest from younger buyers, including millennials and Gen Xers who are opting for RV vacations over hotel and airline travel. In 2016, the average age of an RV owner was 45, compared with 48 the year before...Even young families are embracing the RV lifestyle, partly because it's a lot easier to work remotely than it used to be.
PPS: I picked up 300 shares of Winnebago (WGO), about $11,000, in the IRA. It won't make me rich if the RV market booms or devastate the portfolio if the guess is wrong, but it's more interesting and fun to back hunches with real $$.

No comments: