2 ms·
> So by good investment, I think the criteria is not that it beats any kind of index fund, but simply that it beats renting. By that logic, a used (rather than
by sokoloff 3y ago
> So by good investment, I think the criteria is not that it beats any kind of index fund, but simply that it beats renting.
By that logic, a used (rather than new) car is a good investment as well. Since they're a good investment, I guess I should load up on used cars.
- jjav 3y agoA car is an expense. If you need one, it is indeed a much better financial choice to get a used one. But your needs probably don't scale, so you don't need ten cars, just one. You can't have an expense and make it up in volume to become profitable.
- sokoloff 3y agoOf course not, because finding a more efficient way to meet the needs which require an expenditure of money does not make that expenditure a good investment by the typical usage of that phrase. Same is true in used cars vs new cars and owner-occupied housing vs rented housing.