Originally posted by CarlJF No matter if it's Canon, Pentax, or any other brand, I would not call an "investment" spending money on photography gear. At best, it's just an expense on which you can expect some return if you sell back the gear, assuming it still has a significant value when you sell it. But even then, it still a loss and not an "investment".
Spending money on photography in an investment, and pretty much the only way you won't get a return on it is if you bury your camera in the ground.
When economists tally gains and losses, they count all forms, not just liquid assets. For example, suppose you don't have a camera. However, every day you spend one hour right after work at the beach by your office. Let's say you value that hour at $50, so for example, your boss would have to offer you at least that much to work an hour overtime instead of going to the beach. Now, you buy a camera, taking it to the beach to take pictures of the cool shells there. Suddenly you enjoy the beach, and you no longer work that overtime whenever offered $50 -- now you value that time at $70. By buying the camera, you increased your total benefit every day by $20. It's true that you don't actually get $70 dollars by going to the beach with your camera, but you get $70 worth of enjoyment out of it.
Even without direct cost and benefit estimation, the intuitive reason to do this is clear: by obtaining goods you enrich your own life through the enjoyment of those goods, and so that is a return. You could spend $10 to see a movie, or for an hour to take pictures in your backyard -- you might enjoy both activities equally.
If you still find this reasoning unusual, you can look at it from a more practical angle: taking up the hobby of photography increases your future opportunities. You might meet people and make connections that will bring you actual money in the future, which doesn't have to be making money off photography. To take a salient example, I had a job interview once where the interviewer saw some of my flower photos and really liked them. I can't say for sure that it helped me get the job, which I did, but I believe it probably helped.
My point is that you should consider your acquisition of knowledge and hobbies as investments, because you will enrich your own life and increase your opportunities.