Starting off–ink jet printers
dildos?
Not Bad Dragon, those can be resold for a good percentage of their new price!
Literally how?
You boil them to clean them, put em in a zip lock bag, post online on forums, and find someone to buy them!
Calling a consumer product product an “asset” is some gymnastics…
Up there when you are calling primary residence an investment lol
Board games :(
Food
Medical supplies
Batteries
really small rocks
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.
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.
Cars
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
It’s why I buy mostly canned veggies.
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.
Men’s underwear.
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.
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
Gentlemen, there are Facts, and there are Opinions.
you HAVE to know a difference between them for your own goodness sake.
facts are always backed by numbers, while opinions are given based on feelings, word of mouth (which is often NOT based on numbers)
FACT is, and asset lands cash directly into your pockets (after deducting all the bills for operating the asset). If not, that’s a liability.
BASED ON ABOVE:
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you can call anything an asset, even your bed; so long as numbers tell you so.
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You can make anything an asset if you are an excellent salesman.
NB: yes, companies like Samsung make the new device obsolete when they launch new lineups. But you don’t see BestBuy or Microcenter throwing the just-obsolete devices out of the stores.
facts are always backed by numbers*
9/10 bolded statements are true.
* this fact isn’t backed by numbers
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I would also say custom motorcycles and probably many things people customize. It costs money to make things unique, but that uniqueness costs you resale value.
Nah, a well done custom will retain most of its value provided we arent talking about hyper individual customisation. Theres a lot of dead time involved in a well executed custom and theres a value to it being already done that a lot of cashed up people are willing to pay a premium on that offsets the outlay, You usually wont make money though.
