[yramirez]

Never understood the need to get a new model/type as soon as it breaks out of the gate. Wait 9 months and save thousands.

 

[yramirez]

I can afford a Maserati but I have decided investing my money is more important..so I buy a Honda.

 

[yramirez]

Well then you REALLY didn't want a Maserati now did you? LOL

No I did not...like I said I would rather invest in an asset that goes up and pass on an expensive commodity that loses approx 20% one day after you bought it.

 

[yramirez]

although "investing" in a depreciating asset is not good investing in the true financial sense but your point is valid -lots more depreciation in a Maserati. BTW, depreciation won't be THAT much less for a PassPort. It's the TOTAL value of the depreciation that counts. (for instance as an example, $10,000 vs $5,000.

I worded that incorrectly....did not mean that buying a Honda is an investment....no car is an investment..unless you mothball it for 20-30 yrs...all cars depreciate.....Meant to say buying a honda is a smart vehicle to purchase for a longtime holder..You should only invest in an asset hat stands a good chance of appreciating in value.

 

[yramirez]

But once you make all this money off your invests, you can buy a Maserati!

(LOL)

Still a fat no.....let's say you obtain 2 million dollars by the age of 65..That sum of money has to last potentially as much as 30 yrs...thus buying a Maserati would be an unwise use of that money.