said by XBL2009:No different than anyone who smokes a pack a day, or buys a luxury car, or buys a boat, etc... The money can always be spent elsewhere, but each person has their own wants and needs. Personally I would rather spend the money on computers and audio and video equipment than on some expensive car. But again everyone has their own preferences. To each their own.
I laugh at anybody who is willing to pay $184 per month for service. That's 20,000 over ten years. Imagine if you invested that.
ameniteThe Soylent - It's PeoplePremiumReviews:
|reply to XBL2009 |
Interesting question, so I took a look at few investment calculators and found that the over the ten year period Jan 1 2002 through Dec 31 2011, the S&P 500 had an inflation adjusted compound annual growth rate of -.95%, and that a dollar invested at the start of that period would be worth $.90 on Dec 31 2011.
Of course, just as no one would pay for 10 years of cable service in advance, you would have to calculate based on a monthly capital increase of $184 and amortize based on that which would yield something a little different. And it's based on the S&P 500, so YMMV, but in general long term equity investing has been sucking it hard for the last ten years.
Time is an abstract concept invented by carbon based life forms to monitor their constant decay.-Thunderclese