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.
Not a chance
ReplyDeleteelliott,
ReplyDeletereally? 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.
ReplyDeleteCase 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.
ReplyDeleteI'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.