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Old 02-02-2016, 03:14 PM   #53
davepl
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Join Date: Aug 2006
Location: Redmond, WA
Posts: 6,334
Re: 72 "converted" 4x4 sold for $79,000 at BJ

Sadly I can't really call spending money on my truck investing, any more than if I played golf I could call it "investing" in my mental health or exercise or something.

Fellows like Grump Old Man that are stockpiling dry parts might be investing - I already have my post-apocalypse barter stuff squared away though :-)

The vast majority of us, since we spend more than its worth, are just spending. Some of us are spending more than others.

If some guy has $20M and spends 50K on a truck is that any crazier than if a guy has $20K and spends $50 bucks on his, given a similar rate of return? Not to me, at least not until you've overrun the value of the truck so wildly that it's just wasting money. And if that $50 bucks is for a steering wheel wrap or fuzzy dice, it's worse!
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1970 GMC Sierra Grande Custom Camper - Built, not Bought
1969 Pontiac 2+2 427/390 4-speed Coupe
1969 Pontiac 2+2 427/390 4-speed Convertible
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