superchunk said:
Warranties are a waste of money. I was a commissioned sales person for Sears/Circuit City/Home Depot selling major appliances (and other electronics at CC) for well over 10years prior to becoming a software engineer. Extended warranties are about 90% pure profit for companies for the single reason that they just about never get used. Products will either fail in their first year or pretty much never and you get the first year covered for free. It would be smarter to buy from Costco since they give you a 2nd year for free. Never pay for extended warranties on anything. Waste of money and huge ripoff. Instead put that money in an interest earning savings account and on the rare time something actually breaks, use that built up cash to replace it as you see fit. |
Well you said to stay away from launch stock, but if you want a system day one why not warranty it for another 3 years? The cost is $50, which will be lower then the scalping prices once the system sells out, and judging by low yields will be hard to find out. It's not a waste of money at all. Your also assuming I can turn that $50 into $400 with ease, I guess you should teach me something about investing outside of 401k and CDs. My CDS require a higher amount of investment.
It's just that simple.
