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This is plain BS, utter FUD from an anti-Apple writer.
He’s talking about opportunity cost and not even considering the return on the investment of the iPod, which is certainly greater than zero.
The iPad has utility. Does it make you more productive? Is it portable, can it make you portable? Could you write an email on an iPod and secure a business deal.
This is worse than lazy writing, it’s corrupted pandering.
If this were just an entertainment toy, and you’re seriously worried about making it in retirement, putting off pleasure purchases makes a lot of sense. But it’s supposed to be a business tool like a laptop computer would be. Best as I can tell, it is a laptop computer sans keyboard. Can it help earn at least as much as its price more than if one went without? If the answer is yes, then the argument given is sophistry.
So when your ‘78 Datsun B210 finally dies with 642,000 miles on the clock and you buy a new bare bones Corolla to replace it, the car actually cost you $60,000? That is just plain stupid. If you want an IPad, buy one. Screw this toads mind game to keep him from hitting strip clubs and blowing his paycheck.
I bought an iPad for $830.
Two months later I had turned that into $2400.
And it’s still averaging me an extra $600/month income.
The “online anytime anywhere” let me leverage otherwise wasted 5-30 minute periods into productive work.
I am competing in a contest right now to try and win an iPad from a local Nissan dealer. The contest ends in a month. So far, I’m way ahead. Not many others competing. I want this iPad.
$2000 in thirty year? I’ll take the Ipad now thanks.
Toy. Buy it, I own the stock!
If you buy the WSJ at the newsstand it would cost $595 a
year. You need to buy a new one every week. It cost $119 a year with a subscription but must own or rent a house to have it delivered to. Houses are very expensive. So if you want to retire rich. If you skip buying the WSJ and live on the streets you can afford an iPad. That is if I understand. His logic. Maybe this is why I don’t buy starbucks coffee?
This is one of the stupidest articles I’ve ever read! I’m buying as many things as I can now, because the coming hyper-inflation is wiping out my money holdings. I’m also investing, but I don’t know if the stock market will keep pace with inflation. Buy metals, tangible goods, arms, and property. By the way, I’m typing this on my iPad. Buy one now, it might cost $2000 next year after inflation starts roaring away.
So under this logic, why would you buy anything more than the extreme minimum? EVERYTHING you buy translates into 4-5 times its ‘cost’ in several years, so shouldn’t you be waiting to buy, well, just about everything?
What a completely moronic piece. What the author said about iPad could be said about anything that costs anything.
This is such 1990’s thinking. By next Christmas, this guy’s investments probably won’t be worth jack, and he’ll be out of a job.
I was going to buy the Wall Street Journal today, but then I read this article and realized that it will cost me the $750 that the price of the paper would otherwise earn if invested for just 72 years.
until you realize that you can use that 500 computer device to make 2000 in one month. (cell phone, tablet, netbook, laptop, additional office computer etc)
There is no beer in heaven that is why we drink it all down here...
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And, if one charges a $500 IPad on their credit card the cost also may end up being $2,000 over time.
How does an article containing an assertion like this get past the editors at WSJ, of all places, when they know as well as anyone that the stock market has gone nowhere for the last ten years and with inflation factored in, a $500 purchase ten years ago would now cost the purchaser about $400? This “8% Forever Market Returns” meme the financial media loves so much seems to come straight out of the last days of the Roman Empire...and their newfangled iSlates couldn’t save them, either. :)