Quote:
Originally Posted by Peter_Spaeth
Why does something have to throw off an income stream to be deemed an investment?
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Because without the element of a potential income stream at some point down the road, a buyer is merely hoping/speculating that another buyer will pay more for the asset without a quantifiable rationale. If any or every such purchase can be dignified as an investment, then there is no way such purchases can be differentiated from putting money down on the ponies, in Las Vegas or on lottery tickets. Yet the latter purchases/bets under standard nomenclature are termed "gambling" not "investment".