493-Should I Sell My Harley and Buy Some More Mutual Funds? episode artwork

EPISODE · Oct 13, 2017 · 12 MIN

493-Should I Sell My Harley and Buy Some More Mutual Funds?

from Radical Personal Finance

Fun question today for our Friday episode...comes in from Chris: Joshua, Looking to see if you have any insight on emotional/psychological decisions versus logical decisions when it comes to finance. Back story - I have a paid for 20 year old Harley. I have not ridden it in three years, I spend $200/year on an insurance policy, each spring I do maintenance on it which costs about $30, and living in Minnesota, we only really have 6 months or so of decent riding weather. I have a big garage so storage is not an issue, apart from each winter when I have to move it around in and tell myself I'll sell it in the spring. I can make the logical argument to myself that I need to sell this. It is a depreciating asset, costs money to maintain and insure, and it really brings no value to my life. However, I can not bring myself to sell it. I have no pressing financial obligations so the $5-6k that I would get from selling it would really not do much to improve my life. About the only thing that I would do with the money is put in a taxable brokerage account (through a RPF link tradeking account, of course). I have told myself I am going to sell this bike for years now, but I still can't figure out why I still have it. Any insight would be helpful, and as always, thanks for the great show!  

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493-Should I Sell My Harley and Buy Some More Mutual Funds?

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This episode is 12 minutes long.

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This episode was published on October 13, 2017.

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Fun question today for our Friday episode...comes in from Chris: Joshua, Looking to see if you have any insight on emotional/psychological decisions versus logical decisions when it comes to finance. Back story - I have a paid for 20 year old...

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