First a little background. Way back in 1993, I went to WDW with the family, and stayed at the Poly. It was great! At that time, I was approched by a DVC salesman about OKW. It sounded like a great idea, but there was no way I could swing it at that time. Fast forward to now, and I have 6 grandkids who are now old enough to go, and I want to bring some of them every year. I am waiting on ROFR for AKV. The suspense is driving me nuts, so I did a little math: Dow Jones in 1993 = $3,747 Dow Jones today = $14,089 That's an average increase of 7.2% per year Week rate for room at Poly, Late August with 25% discount off rack rate in 1993 it was $1050 Today it would be $2261 Thats an average increase of 4.12% per year. Suppose I bought 190 points of OKW for $59/point back then ($11,210). I would have paid my MF every year out of pocket, gone to WDW, and had a great time. What if I had invested that $11,210 in the stock market instead? Let's assume I still spent the same out of pocket as I would have spent on MF. I would need to come up with the difference between MF and the going rate for a room (still taking vacations at WDW), so I would take some out of the stock market each year to make up the difference between what my MF would have been and the cost of a room at the Poly. If I had done that, my original $11,210 would have grown to $18,591 by now in the stock market. That would not be enough to buy those 190 points direct, so if I wanted to buy DVC direct, I would have been better off to have bought the points back in 1993 than investing in the Dow and buying this year. Of course, If I wanted to cash out today, the 190 points would net only about $9,500 resale, but selling off the stocks would be $18,591, so the Dow would have been a better investment. (It's interesting to note that the cost per point has increased by about the same amount as the cost of a room at the Poly.) So there you have it - buying DVC direct would have been a better investment than the stock market. (unless you don't want DVC) Buying resale would be even better!