Let's talk about tools as an asset class.Tools are difficult to manufacture. Tools can hold value well, produce value while you hold them, and in daily life can reduce your expenses by letting you repair things thereby reducing replacement costs, and the costs of hiring repairmen. In a SHTF tier scenario, tools will be one of the most valuable things to own. How does one invest in tools? What tools are a good investment? What tools are a bad investment?
>>61524382I hate private equity so much bros
>>61524382Harbor Freight brands missing
Physical tools? This is fucking retarded. Do one ounce of research and you'll find there's only a handful of companies who own all the other companies. Most of the shit out there lasts for 10+ years, the batteries too. And I'm speaking from an electricians perspective
>>61524465>Do one ounce of research and you'll find there's only a handful of companies who own all the other companies....Yes that's what my pic illustrates.I'm talking about all aspects of tool investment.For example owning physical tools as an asset class. Not just for buying/selling but as a personal investment. For example I see people trying to trade options and then they shelling out four figures to take their car to a mechanic. Their return by buying some tools and fixing it themselves would have been infinitely better.Of course there is also the angle of buying/selling. Are there tools now that will appreciate due to companies going under, stopping production in favor of planned obsolescence, etc.?Then, tool companies themselves via stocks or whatever.
>>61524382An actual good thread. I’ve accumulated so far from various rock bottom price deals over the past six months -impact driver-hammer drill-circular saw-multi tool oscillator- socket wrench set- drill bits -pliers- Brushless of course.I’d have more but waiting to settle because moving cross country. What are you stacking? We need a /biz/ tool tier list
>>61524484I'm huge on DIY but you need to factor in the time it takes to learn those skills. Mechanics is a four year apprenticeship. Any Joe dick or harry can buy all the gear. Let's say you want to respray your car. You need a 3 thousand dollars compressor, a 200 dollar sander, a ten thousand dollars spray booth. Etc etc. Only ones worth spending money on are the speciality tools. ie rigid pro press. Emergency services jaws of life. Maybe look into government or military manufacturers. Consumer grade shit is all junk
>>61524492I think a good rule of thumb is that unless it's ultra specialized, buy whatever tools you need for any repair situation you encounter. If you aren't buying ultra marked up prices at box stores they almost always pay for themselves in one repair. Some of the best recommendations I've seen:Standard, general tools on hand, similar to what you've listed.Keep a cheap OBD2 reader in your glovebox. Eventually you WILL get a check engine light. With that you can figure out if it's an emergency or not immediately.Avoid battery powered tools in favor of corded - battery powered tools lose value much faster than corded tools.Project Farm, Torque Test channel to figure out what tools are actually better relative to their prices>>61524504>Let's say you want to respray your car. You need a 3 thousand dollars compressor, a 200 dollar sander, a ten thousand dollars spray booth. Etc etc.That's a pretty extreme example. Most repairs (spark plugs, an alternator, etc. etc.) can be learned easily from youtube and don't require anywhere near that kind of expense. These are real opportunities to save money.
>>61524519Yes, my grandfather taught my father and my father taught me. If you need to hire another man to change some plugs then hahaha
