I get really annoyed when people call their purchase an "investment". People are calling buying a ring, a truck, or a TV an investement, like that would justify the purchase.

No wonder Americans are constantly broke.

[–] Akasazh@lemmy.world 3 points 2 hours ago (1 children)

It's silly because the rain if a dowry (where the act of giving jewelry is hailing from) is as a financial back up for the (family of) the bride.

This got commercialized by de beers to become the most romantic tradition, but as a purchase you are just buying a bunch of shiny carbon that depreciates by 40% when you exit the store.

If that's your money worth, then be my guest.

[–] adhdsergio@lemmy.world 1 points 4 minutes ago

Actually only synthetic diamonds depreciate, the real ones stay the same, but that still means they're not an investment

[–] dream_weasel@sh.itjust.works 2 points 13 hours ago (1 children)

Depends how much money you have.

[–] Akasazh@lemmy.world 3 points 12 hours ago

No its quite simliarly shitty. It's just that you may care less. Though out of experience the richest people tend to be the stringiest folks around, out of habit trying to get everything for free.