Quote:
Originally Posted by Thymeclock
As for definitions, as with many things in our modern times the definition has been changed to include things it formerly hadn't. If you were to go to a financial planner and ask whether real estate, securities, precious metals or a car are investments he would tell you that your car is not an investment, although the others are. Why? Because your car has no possible potential for capital appreciation.
|
No question that the definition has evolved over time... Used to be that "investing" as defined today was termed "speculating". Now Investing is a "good" thing while Speculating is a "bad" thing (perception-wise). Fortunately, we're pretty adaptable and the term ROI is well enough understood in this context that most of us can figure it out. Not looking for a financial planner's stamp of approval here
