This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

5 Things You Spend On, Then Never Use

Swimming pools
The dog days of summer have a way of persuading us that a pool is a must-have item. For most, the beating sun of summer assures that a pool -- and the upkeep it requires -- is an investment that will be well-enjoyed.

Overspending on a pool bigger or more opulent than your belly-flopping, Marco Polo-playing kids can appreciate can be a sure path to drowning in debt.

A personal grotto may look spectacular, but is it any more refreshing than a far cheaper above-ground-pool? Worst of all, over time, as others around you up the ante with high-end pools and accompanying landscaping, you'll probably spend less time soaking in the view of your once-prized possessions as thinking about what others have.

At least your family will still get years of enjoyment out of your pool. The athletically inclined (or, perhaps put better, athletically hopeful) may spend at least $10,000 and up to $35,000 or more on a lap pool. A decent "swim current generator" is cheaper, but can still cost in the ballpark of $5,000.

They are great investments for those with not only the money, but the space to accommodate them and the real desire to use them. But be warned, if you are more likely to end up merely dangling your toes in the water while sipping a frozen daiquiri, it is unlikely you'll muster the ambition needed to make it a worthy investment.

3 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AMZN $383.30 -1.20%
DPS $78.41 -0.62%
SBUX $92.35 -1.40%
SWY $35.10 -0.11%
WSM $78.44 -0.97%


DOW 17,949.32 -186.40 -1.03%
S&P 500 2,078.37 -22.67 -1.08%
NASDAQ 4,937.9730 -44.8360 -0.90%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs