I was thinking about the meaning of "investment" and being an "investor". The term "investment" seems to be used very frequently but what is it? What is the act of investment and thus being a investor.
Hypothetical Examples
Hypothetical Examples
- I purchase some shares in a Zinc mine that I hear will report good news next week and thus I guess will increase in price next week, is that investing?
- I just sit on a couple of IP's and do nothing, is that investing? Am I a property investor by doing nothing?
- I go to work for a month and my company credits my account with my monthly salary, is that investing? If I use the salary to cover negative gearing holding costs is that investing?
- I buy a old house and I renovate it, is that "investing"?
- I buy Peter Spann book and "invest" the time to read it, is that "investing".
- I buy a 500SL Merc on credit, investing in my prestige?
To spend or devote for future advantage or benefit.