A question about the proper usage of the word "to invest".
The dictionary definitions for the verb "invest" that I have found all mention the idea of gaining a financial return from the investment. For example, you can invest in real estate or invest in the stock market.
Is it possible to invest in a luxury item because you think it will bring you happiness even though you know it will always depreciate in value? For example, can you "invest in an expensive coat" or "invest in a good pair of hiking boots"?
I hear people say things like this but I don't believe it is a correct usage. The phrase for something you invest in which drops in value is bad investment. I believe it is possible to say something like "I invested in an expensive set of dining room chairs" but a very valid response to this sentence is, "Then you made a very bad investment".