Quote:
Originally Posted by HarryT
I've spent a heck of a lot more than $3000 on eBooks - probably at least 5x that. But, unlike some, I don't consider it to be an "investment". That, to me, means something that will increase in value, and which I could subsequently sell and make a profit. For me, books are entertainment, and I'm willing to spend money to entertain myself, but I don't kid myself that I'm "investing" that money. I'll never get it back again.
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True....but how much would you pay to repurchase the same books for a different reader after your current reader dies? That "extra cost" (which, in essence, you paid if you were switching from p-book to e-book for the same title) is an "investment" of your money, in the sense that it could be utilized in other manners (either investment or other forms of entertainment.)
I have spent nearly $10,000 (USD) on CD's, and I keep WAV backups of them in an off site storage location. Why? So that I won't have to spend that money over again in case of physical catastrophy.
Isn't not having to spend money over and over not an "investment". (In tax circles, it's called imputed income.)