A man I respected enlightened me to the cost of jewelry. He said that the initial cost was the price you pay, and after that, you just pay the "upgrade fee".
So, if you buy a gold ring for $3000, when you want a nicer $4000 one, you sell it, and just spend $1000 on the new one.
I tried that, and it worked with my wife's tennis bracelet, but the numbers were different, in that I got about 85% of the retail value for it, but the point is that the 15% "lost" on the purchase was the cost of rental, not the loss of an investment.
The one thing that I see that may go against this curve is the technology involved with this, and the upgrade cycle of Apple products. In a year, the mantra will be, "Your

Watch 1 stinks. You need an

Watch 2!" and the value of the

Watch 1 may have declined significantly.
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I like your perspective. I keep waffling back and forth on this, and I'm glad they have the April 10-23 events to try things out. I have my collection of Best Buy cards to buy this thing, if I choose to.
Mrs. thequick is in your camp. The funny thing about her is she comes around to my camp ("Let's get it now!!!! I'll stand in line at 2am and hold your place!") after I try it out, and show all the cool things about something. To her, my anticipation is humorous, and she says, "as long as it's your money, do as you wish..."