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29537Computers as investment

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  • Ray Sills
    Mar 6, 2013
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      Well... 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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