Just appreciating is not good enough. You have to compare it to getting a safe investment paying market interest. http://www.investopedia.com/terms/i/irr.asp h

Just appreciating is not good enough. You have to compare it to getting a safe investment paying market interest. http://www.investopedia.com/terms/i/irr.asp http://www.investopedia.com/terms/i/irr.asp http://www.investopedia.com/terms/n/npv.asp http://www.investopedia.com/terms/n/npv.asp Unless you take some utility of the appreciating asset, you should always go for the best investment.