- Joined
- Jun 14, 2014
- Messages
- 410
What's wrong with buying tools/machines as an investment. If you find a great deal, why not buy it then sell
it?
Nothing wrong with that but be very careful because:
1. Vintage tools are undervalued. Often, I have to convince my customers why it is better to buy a quality vintage tool/piece of equipment rather than a new, Chinese made POS from a big box store.
2. It's too easy to fall in love with your investment and just keep it.
Morale of my post: Make sure that you buy low & sell high. Over the years, I've seen prices go up and down. It's a fun hobby, but not a living.
Happy Trails!