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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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I guess having enough liquid assets to be able to pay off if desired and/or use the cash flow from those assets to make payments on your debt load, changes the equation....
Sometimes something can be considered a TOY, but it is also an investment, an antique gun or piece of art... you have something of value at the end of the day...hopefully one that has increased in value...it might not have provided the greatest rate of return, nor cash flow.... but can be considered to be diversification of a portfolio...
Well Turbo you just hit the nail on the head about why I don't like mutual funds....If you had bought and held MMM, XOM, MSFT or CVX...you'd be sitting pretty right now....having collected dividends and/or capital appreciation over the years.
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"Some Observer"
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