29537Computers as investment
- Mar 6, 2013Well... Evan's oy vey notwithstanding... and I certainly agree with
him on the criticism of BankRate.com... ANY collectible is not truly
an investment... it's a speculation: you hope that someone in the
future will pay you more for the item than you paid. (The "greater
fool" theory). Of course, some people keep items (antiques or
otherwise) for sentimental reasons.. ("This was my grandfather's
rocking chair"..etc.) And, one of your descendants might feel that
way about your first single-board computer.
Nevertheless, you see on TV shows like Antiques Roadshow and the like,
there are a lot of items that people own that are appraised at prices
much greater than they paid, simply because the item is truly rare,
made by a person of renown, or simply in demand because of a current
fad. And a lot of those things are one-off items, or at least were
produced in limited quantity from which only a few survive.
In 100 years, if someone still has a working Windows 95 laptop, it
will be worth more than it is now. But, that'll only help your great-
grandchildren to cash in. But that will be because most similar
laptops will have disappeared, into landfills or recycling centers.
And, that still does not make it an investment.
For something to be an investment, you have to have the expectation of
a return on capital -while- you own it... like land, stock shares,
real estate, and financial instruments. Sure, some of those things
can be speculative too, but stock shares can pay dividends from
earnings, real estate can be rented (or used, in which case you are
your own landlord), and banks pay interest for the use of your money.
73 de Ray
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