Starting off–ink jet printers
Diamonds. Anyone who has tried to sell jewelry will tell you: gold retains value but the money you get for diamonds is abysmal. Which is why I urge everyone to buy synthetic diamonds. In many cases they look purer than natural diamonds, are free of conflict, and hold just as much sentimental value.
Moissanite is also very lovely
A moissanite is an artificial diamond, Lincoln. It’s Mickey Mouse, mate. Spurious. Not genuine. And it’s worth… FUCK all.
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They don’t just look purer, they are purer!
The problem is that rich people have been fleeced by diamond sellers for so long that they over value the “story” of a diamond (IE, carbon forged into a diamond over millennia etc etc. as a symbol for love blah blah).
Which come from extinct volcanoes, super romantic!
The only reason they’re expensive is artificial scarcity. De Beers only let a limited supply on the market each year. Diamonds themselves really aren’t that rare at all
Cars. Cars are stupidly called an asset, and I guess they retain some value, but not really. It loses 50% of it’s value the second you drive it off a lot and continues depreciating the longer you own it. It requires maintenance and gas, tags, insurance. It’s a liability. If you need one, then purchase it knowing that you are purchasing an item. A car is never an investment.
Bruh I wished cars lost 50% of their value when they drove off the lot. Have you tried to buy a used car recently?
Generally true, but sometimes you get lucky: I bought a fully loaded Camry in mid 2021, heavily discounted, because it was one of the last previous year model cars they had in the country and at 0% apr for the duration of the 3 year loan. This was right before shortages started and inflation skyrocketed. As a result its value on the used market stayed over what I paid for 3 years and even now it’s lost only about 10-15% of the purchase price.
Still lost value though. Investments and assets can gain or lose value. Cars only lose value.
Most cars only lose value.
A very tiny minority of mostly exotics become collectors items and are worth many times their original value, even after considering inflation.
Yeah I thought about adding that in, but then people think “Like my car!” Pretty much only if you’re buying a literal junker knowing you’re going to refurbish and rebuild the entire thing into mint condition - and you know it’s a high value car, then you’ll probably make a profit. (Even then though, what’s the value of the time and money there)
100% true for the kind of cars you buy to drive.
Assets and investments are not the same. End thread
And I argue that they should be considered neither
Is your argument that an asset doesn’t (or shouldn’t) depreciate?
My argument is that something that only depreciates shouldn’t be considered an asset
This is my logic too. I own my house but have been leasing a new car every year for over ten years now.
I was kind of skeptical at first but for now I think it works out for us.
I think it’s fine to own, but not as an asset but more of a cost to drive. “I am paying $30k (plus interest) to be able to drive for the next 10 years”. To me, that is a realistic expectation
Vegetables. Purchased with all the intent of eating them before they go bad. I don’t eat them quickly enough and they go bad. There’s no in between stage. They were edible and now they are not.
The struggle is real
Milk too. I only need milk for my cortados, so often end up with way too much milk. Usually end up making some milk cakes.
It’s why I buy mostly canned veggies.
Among vehicles, boats and RVs are notorious
It is wild to me that anyone would call those things assets.
They are toys.
Wonderful toys, but still toys.
Vehicles. They break down and rust but are priced like a new home when they are new.
Vehicles are durable goods but hard to call them an asset either unless it is a collectible type thing
A majority stake in Twitter.
He wasn’t buying twitter, he was buying the presidency and it worked.
It’s looking like that might not have been a great investment for him either.
Diamond engagement rings
Eh Diamond is okay, as long as it’s artifical. Better clarity and color, not contributing to the blood diamond trade, and a fraction of the price.
That being said, there are a ton of other prettier gems anyway, diamonds are boring as fuck.
I’ve heard a fair argument in favor of diamonds that their hardness means they last a lot longer for everyday use. Softer gemstones are more prone to wear and tear over time.
But as far as I know, that doesn’t mean it can’t be artificial.
Artificial diamonds are still diamonds! Just because nobody died to make it they are identical on a chemical level.
Diamonds are ok for what?
They are shit as an investment and as you appropriately pointed out there are better looking gem stones.
Storage (tech), bike tires, many consumable parts. Almost all digital goods, too.
The prices I’m seeing people trying to flog their 6th gen i3, RTX 960 computers on Facebook marketplace beg to differ. Absolute dreamers in the used market for tech.
Cars
Calling a consumer product product an “asset” is some gymnastics…
Up there when you are calling primary residence an investment lol
really small rocks
Board games :(
dildos?
Anything tech. It’ll be obsolete before you know it. Some products go “obsolete” before it’s actually too old to be usable because the company wants you to buy the new one.
DSLR / Mirrorless camera bodies.
Lenses less so, until the manufacturer switches mounts.
