articles.moneycentral.msn.com— With prestige items such as big-screen TVs, renting can cost more than twice the price of buying. There are some things you should always rent, and some you never should.
May 28, 2008View in Crawl 4
Depends on how long you stay in it. I'm in the same sort of situation and had to figure out if I should buy a set or just take things to the laundromat every couple of weeks.Figure $1.50 - 2.00 per load of laundry if you are paying for it. I can usually get by with washing everything in the same load, but sometimes I use two. That occurs every 2 weeks to 3 weeks, depending on how busy and active I am, so $10 a month is spent on laundry (plus soap, but that's constant).If you're going to be in a place for over a couple of years, or if you share it with 1 or 2 other people, than you should look at buying. $120 a year if it is yourself. $240 a year if it's two, $360 if three, etc.Just run the equations and figure out your break even point and if you will conceivably be around for that long.
Depends how many loads a week you do. Which is cheaper? Hauling and pouring quarters or the weekly rental on a washer dryer? If its a close call, factor in the hours you spend at the laundromat - "time is money."
Yes, RENT then COPY DVDs, that knocks 97% off the purchase price.. of course it could also cost you 5 years of freedom.... tough call; prison or Free Willy...
But you can't assume the granny had the 1440 sitting there up front 30 years ago. If she did, then putting it in an interest-bearing account would have been a dumb move when she could have just invested in Microsoft. She could have paid 1250 for 50 shares. By 1 April 1999, these 50 shares would have split to 7,200 (I think). And selling them at 94 each would bring her 676,800 dollahs. take out capital gains of 30% and she can easily invest 400,000 dollars into AAPL. (This is 1999, heh.) Roughly 11,400 shares of that. These split twice (June 200, Feb 2005) So now 45,600 shares of AAPL.Which is worth 45,600 * 187.30 = 8 540 880.That's wherre your inheritance went. Now can someone do it right? That is invest 1250 in MSFT in 1986, sell it in April 1999 and buy AAPL with the profit after capital gains and tell me what we've got today? I wonder if I am even in the ballpark here.
"But you can't assume the granny had the 1440 sitting there up front 30 years ago."I didn't. Those calculations are based off an initial investment of $0 and adding $2 every month. "If she did, then putting it in an interest-bearing account would have been a dumb move when she could have just invested in Microsoft."Right, because everybody knew Microsoft would take off 30 years ago. /sarcasm
Closed AccountMay 29, 2008
Depends on how long you stay in it. I'm in the same sort of situation and had to figure out if I should buy a set or just take things to the laundromat every couple of weeks.Figure $1.50 - 2.00 per load of laundry if you are paying for it. I can usually get by with washing everything in the same load, but sometimes I use two. That occurs every 2 weeks to 3 weeks, depending on how busy and active I am, so $10 a month is spent on laundry (plus soap, but that's constant).If you're going to be in a place for over a couple of years, or if you share it with 1 or 2 other people, than you should look at buying. $120 a year if it is yourself. $240 a year if it's two, $360 if three, etc.Just run the equations and figure out your break even point and if you will conceivably be around for that long.
craiginctMay 29, 2008
Depends how many loads a week you do. Which is cheaper? Hauling and pouring quarters or the weekly rental on a washer dryer? If its a close call, factor in the hours you spend at the laundromat - "time is money."
thund3rstruckMay 29, 2008
Yes, RENT then COPY DVDs, that knocks 97% off the purchase price.. of course it could also cost you 5 years of freedom.... tough call; prison or Free Willy...
kyanMay 29, 2008
But you can't assume the granny had the 1440 sitting there up front 30 years ago. If she did, then putting it in an interest-bearing account would have been a dumb move when she could have just invested in Microsoft. She could have paid 1250 for 50 shares. By 1 April 1999, these 50 shares would have split to 7,200 (I think). And selling them at 94 each would bring her 676,800 dollahs. take out capital gains of 30% and she can easily invest 400,000 dollars into AAPL. (This is 1999, heh.) Roughly 11,400 shares of that. These split twice (June 200, Feb 2005) So now 45,600 shares of AAPL.Which is worth 45,600 * 187.30 = 8 540 880.That's wherre your inheritance went. Now can someone do it right? That is invest 1250 in MSFT in 1986, sell it in April 1999 and buy AAPL with the profit after capital gains and tell me what we've got today? I wonder if I am even in the ballpark here.
azyfzMay 29, 2008
Horray Redbox
cdigioiaMay 31, 2008
It you want to get technical - do a Net Present Value calculation and see which option is better.
ethergnatJun 2, 2008
"But you can't assume the granny had the 1440 sitting there up front 30 years ago."I didn't. Those calculations are based off an initial investment of $0 and adding $2 every month. "If she did, then putting it in an interest-bearing account would have been a dumb move when she could have just invested in Microsoft."Right, because everybody knew Microsoft would take off 30 years ago. /sarcasm
josiesrevengeMar 15, 2009
A great way to avoid scams!