but most times just trying...
Not a chance
elliott,really? maybe not the big plasma tv, but why not jewelry? golds, diamonds, etc - they have significant worth in the market.would love to hear more thoughts on this!
nope, it's just no guarantees if they would sell/what they would sell for.Case in point: my dvd player is in perfect condition (used 1-2x) and is priced half of what I bought it for (and less than all the other dvd players on craigslist), and NO ONE is buying it. The market is not reliable for goods.I count cash/stock accounts only, and even then, stocks are not reliable.
For one, maintaining an accurate valuation over time would be difficult. However, my main reason I don't count jewelry is that I didn't purchase it as an investment and have no intentions of selling.I'm pretty sure that my wife wouldn't like seeing her engagement ring, wedding band, or diamond earrings (my wedding /medical school graduation present to her) sandwiched between Vanguard index funds and savings accounts when calculating our net worth.That being said, I still insure the more valuable pieces.