Well even as a hedonist, I do invest, but appreciates is a tricky thing, I have done well with equity and I've taken my profits along the way, I've done well in real estate and banked that too, but as GrumpyCat would no doubt point out, you never know when the interest rates will go back up and the ceiling will come crashing down, so, does take nerves of steel to ride out the corrections. In terms of returns, I don't think buying a Ford F-150 is really much of an investment strategy, slightly less car poor than you could have been, is not actually profit margin.C-Mag wrote:Good for you.
There is a certain amount of joy and accomplishment of getting a great deal on something. Hell, if you can afford it and you enjoy it. Awesome.
My main point was I see folks being car poor, and that's frickin stupid. Invest in shit that appreciates. 2 Years ago I bought a 2004 F-150. Now, I can afford to make payments on a new truck, but why. That 04 had 41k miles on it and was like new and I pay 11k for it. It does everything I need. The deals are out there, single owner rigs that have been babied.
Need to be patient and strike when the iron is hot.
Personally, I don't see any point in investing, if you never take your profits and spend them, life is short, and you're going to be dead forever, so, y'know, live in the now.
