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Sure. If you're buying "a thing" because you expect it to go up in value, you're indeed making an investment. Can be in cars, wine, whatever. Sure, your intenti
by xyzelement 5y ago
Sure. If you're buying "a thing" because you expect it to go up in value, you're indeed making an investment. Can be in cars, wine, whatever. Sure, your intention may not pan out, but you're in it for the money.
On the other hand, most people who buy cars to use as transport for X years and expect to either drive them into the ground or sell back at a fraction of value, aren't investing.
- est31 5y agoIndeed (most of) the cars for the masses aren't investment objects. The technology gets obsolete, and nobody wants to buy them from you at higher prices.
- rdtwo 5y agoThe trick is to buy investment grade stuff. That’s probably not possible with say tvs but we’ll used cars (Taco, 4Runner, land cruiser, certain Jeep’s) can be a decent investment in that depreciation may only be equivalent to how much you use it offset by increase of value . Same is true for many tools or high quality used items. If you buy correctly you can see almost no deepreciation over your ownership. Even consoles can be an investment in this odd time, due to shortage I sold my Switch for 100 more than I bought it used. Video games can be flipped at almost no loss if done within the first 2 weeks etc.