Xeinadin Bushells (Paul Bushell)

@MartinSLewis Surely, the simple way to look at this is to say you’ve invested £8000 (£6000-£7000+£9000) and realised £11000. Therefore, you’re up £3000.

My answer to this is £3,000. Imagine it was two separate transactions.... a) You buy a posh watch for £6,000 then you sell it for £7,000 = £1,000 profit. b) Then you buy a diamond necklace for £9,000 and sell for £11,000 =£2,000 profit. In total that's £3,000 you've made. The way it is written made some think differently because it is one object and thus try and factor in a 'loss' because the car had gone up in value and they had to spend more to buy it. And I know some will say "but it was the same car, that makes it different"... so let's do it another way. Say you start with £10,000 in your 'car buying fund'. Buy the car you have £4,000, then sell it you have £11,000. Now you buy it back you have £2,000 and sell it you have £13,000 - again that's £3,000 more than when you started. Of course you could argue, that had you not sold the car the first time and waited to sell it at £11,000 you would have made £5,000 profit not the £3,000 you did. So there is a 'lost-opportunity cost' of £2,000. If you like you can argue that emotionally you "lost out on an extra £2,000 that you could've have made" but you can't subtract that from your actual profit as some have done, as you didn't actually lose money. You still ended up with £3,000 more than you started with. PS As a final less relevant thought, the person who owned the car in the middle may have spent £2,000 upgrading the car which is why it went up in value - so there was no opportunity loss - this wasn't specified so we don't know.

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