$10 in better than "good" condition...no charger or battery. I took it to a hardware store to try it with a battery...so I know it is worth investing about $85 for a battery and charger on eBay! Wahoo!
On Thursday, November 26, 2015 at 10:12:23 PM UTC-5, bob_villain wrote:
Neither one. Just a guy asking a question.
Most definitions of an "investment" typically read something like this:
"An asset or item that is purchased with the hope that it will generate
income or appreciate in the future."
So, I am simply curious. Are you contractor that will make money by using
the tool? Is there some other reason that the tool will generate income
or are you expecting it to appreciate in value?
There's a difference between a great deal on a tool (which you definitely
got) and investing in tools for the purpose of making money with them. You
said you were "investing" $85 for the battery and charger and I'm just
curious about what income or appreciation you are expecting.
On Thursday, November 26, 2015 at 11:06:44 PM UTC-6, DerbyDad03 wrote:
Truthfully, I think you're pulling my chain...but if you insist. With an investment of $115, I could get $175 to $225 for the kit. For me, it's an ultimate tool that I wouldn't normally be able to own.
I hope this will satisfy your curiosity.
On Friday, November 27, 2015 at 12:39:02 AM UTC-5, bob_villain wrote:
You probably could get more for the kit than you paid for it, but I'm pretty sure that
that is not your plan.
Your purchase certainly qualifies as a great deal, but since your intent is to keep it for
your own use, the $85 spent on the battery and charger is not really an investment.
I hope that you get many years of enjoyment from your tool.
On Friday, November 27, 2015 at 2:24:55 PM UTC-5, rbowman wrote:
Not as I see it. A cost saving measure, yes, but an investment? I think not. The object
purchased (in this example) is not going to produce income or increase in value. Well,
I guess eventually it might become a collector's item or a museum piece, but that is not
why the battery and charger were purchased.
A Beanie Baby purchased for a kid to play with is a toy. A Beanie Baby purchased to be
stored in its original package to be sold later at (hopefully) a higher price is an investment.
The challenge is to figure out which will be
in demand, later. Makes me wonder which of all
the consumer goods I had, wore out, trashed.
Which of them would be worth millions, now to
I attend very few garage sales. I could had a
big box of triple pole circuit breakers. Sold
em on Ebay. I passed up the purchase. Maybe to
That is a problem. I remember one classic car auction where one of the
items was a beautifully restored Corvair. At least that year you could
hardly give the thing away.
A contrary example is the current bubble in the Colt 'snake' revolvers.
Even then, it's only certain configurations of a Python, Diamondback, or
the others that brings the top buck.
On Friday, November 27, 2015 at 6:13:31 AM UTC-6, DerbyDad03 wrote:
ch the same)
n investment of $115, I could get $175 to $225 for the kit. For me, it's a
n ultimate tool that I wouldn't normally be able to own.
etty sure that
is to keep it for
You seem to be too literal in your definition. Maybe you are a banker or in
vestor...to a hobbyist or tradesman, a good tool *is* an investment. In my
instance, there is a little Tim the Toolman testosterone enhancement factor
also! 750 in/lb of torque! Ohohohoh!
On Friday, November 27, 2015 at 9:30:11 PM UTC-5, bob_villain wrote:
much the same)
an investment of $115, I could get $175 to $225 for the kit. For me, it's
an ultimate tool that I wouldn't normally be able to own.
pretty sure that
t is to keep it for
investor...to a hobbyist or tradesman, a good tool *is* an investment. In m
y instance, there is a little Tim the Toolman testosterone enhancement fact
or also! 750 in/lb of torque! Ohohohoh!
To a tradesman, I agree. I've been saying that all along. I'm a hobbyist an
d a homeowner.
I have lots of tools. I also own 4 cars. I recently bought a bunch of tools
to make doing
brakes and other "minor" repairs a lot easier. I bought them to *save*'mone
y, but I don't
consider them to be an investment because I'll never *make* (or lose) any m
oney with them.
I have made a few things that I got paid for, but none of the tools were bo
ught for those
purposes. However, after I made a couple of the items by buying just enough
complete each job, I realized that I would probably be able to sell a few m
ore. The next
time someone asked me to make them one, I *invested* in enough material to
at the same time. It took a few months, but I eventually sold all of my "in
investment paid off since I sold the items for more than I paid for the mat
I'd like to know why you say a good tool is an investment to a hobbyist. If
I am too literal
in my definition, soften it for me and tell how something fun to play with
is an investment.
On Fri, 27 Nov 2015 21:29:31 -0800 (PST), DerbyDad03
Nearly all general definitions of "investment" go like this: "the act
of putting money or effort into something to make a profit or achieve
So that covers hobbyists too. It's really pretty simple.
It's clear from simple analysis of conversation too.
For example how many shade tree mechanics are advised to invest in a
compressor and air tools?
A few years ago I invested in a 10" compound mitre saw with the
expectation that it would be a profitable. It wasn't "fun" using it.
But my wife wanted crown molding in two large rooms. She got it.
I haven't used that saw since then, but it was a profitable
Way back when I "invested" a bit of money buying 2 Chromega XL 4 by 5"
enlargers so I could make 20 by 24" color enlargements from large format
negatives (mostly 'Blads'). Enlargers are a lot like printing money <g>. I
am about to sell them now that large format silver-based photography is
making a comeback. Whatever I get will just add to the thousands of dollars
those two machines have enabled me to make over the years. I started as a
hobbyist and ended up doing it professionally and the money I spent on them
has been recouped many times over.
I'd define a good investment as something you expect to make money for you
in the here and now or be worth more than you put into it in the future. A
bad investment would be something like VW stock. (-:
On Saturday, November 28, 2015 at 12:21:34 PM UTC-6, Robert Green wrote:
I wonder if the folks buying up VW because the price is low are going to
recoup their investments? I know at least two people who invested in
companies that were in trouble that later got into REAL trouble and vanished
from the face of the earth. (The companies, not the investors!) I laughed
when I saw the film '2001' at a 2001 revival and the space planes proudly
proclaimed Pan Am Airlines. Pan Am didn't even last the 30 or so years from
when the film was made.
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