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Location: Latitude 39.56819, Longitude -105.080066 | Did you get the white viper from Dr Tom? |
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March 2005
Posts: 12759
Location: Boise, Idaho | Al should be proud that we have been mature enough to keep away from politics for one whole page.
Jeff, buy guitars instead of RVs. My dad has basically blown his retirement funds on motor homes and is pinching pennies now that he's older than he planned on getting. I've given the family permission to shoot me if I ever talk about buying an RV in my retirement. Actually, they should have enough evidence to get me committed to a mental hospital if I ever start talking like that.
My wife hasn't bought the guitars are a good investment argument yet. Maybe she remembers that I wouldn't accept that argument about diamonds. |
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May 2008
Posts: 4996
Location: Phoenix AZ | My guitar buying (and selling) habit has always been funded by "play money". Meaning never money that I actually needed for food, mortgage, etc. So in that regard the economic diaster that has transpired since May 2, 2007 has not had a negative effect on my hobby.
But the real fact is that for the last 7-8 months there really has not been anything I wanted to buy. The last one I got was the Takamine 430 Singer/Songwriter and that one has pretty much taken over as go-to instrument. I bought a few smaller things and invested some in my hifi system.
Dave |
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December 2006
Posts: 6994
Location: Jet City | and a Mac ;) |
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April 2004
Posts: 13303
Location: Latitude 39.56819, Longitude -105.080066 | I have sold off a bunch and bought very little over the last year but like Dave my "slush" fund never interferes with my "bill paying" fund.
I just decided that I never played a lot of excellent guitars that had been replaced by equally excellent guitars that I felt fit my style or mood or age better....hence some excellent instruments have left or they are in the process of leaving casa de stevie. |
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Joined:
December 2006
Posts: 6994
Location: Jet City | Originally posted by Mark in Boise:
Al should be proud that we have been mature enough to keep away from politics for one whole page. And very first sentence on the thread was...
Originally posted by Bauerhillboy:
I was just listening to a report on NPR... Ummm.... Isn't that a politcal statement on it's own? :rolleyes:
Sorry, couldn't resist. |
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April 2006
Posts: 1017
Location: Budd Lake, NJ | I'd be right up there with the category 3 folks if real life didn't have a way of interfering with guitar purchases; in order to be sure I'd get to the Southern jam next week I had to go buy another car--I just couldn't trust the old one. (There are now lots of potential guitars tied up in the new wheels......)
Someday, I'll have my custom Adamas.......
--Karen |
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December 2001
Posts: 7223
Location: The Great Pacific Northwest | Guitars are unique as an investment and Ovations are unique within that genre, as well as some others, but go with what you know.
Ovation "bargains" can still be found. At the very least, one should be able to turn those bargains around for profit in a few years. The longer you wait the better, usually. There are exceptions and in fact, sometimes, you can only "break even". Well that's not so bad. When times are tough, "breaking even" is just fine. But the added value in a guitar, is that you can always PLAY IT, and you can always choose to play it for cash. Even if you don't get paid to play, well there is the fact that you can just play it, instead of some other form of entertainment that you had to pay for.
So, guitars are a unique investment. They are tangible, and have some value-added features.
Again, there are not too many things you can buy, use and abuse for 20 years, and then sell for at least what you paid for it. |
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March 2005
Posts: 12759
Location: Boise, Idaho | I missed that Damon, maybe because I don't listen to NPR. If someone starts talking on my radio, it better be to announce the next song or I switch to the CD player. |
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June 2006
Posts: 7307
Location: South of most, North of few | I think Stephen and I have the same arrangement with finances. I have a separate account just for "unnecessary necessities". When it goes dry, I stop spending and start selling. Over the years, it has grown to where I have a few very nice instruments, so now I really don't try to make a profit on sales. I'm just happy to pass them on. |
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Joined:
December 2004
Posts: 4394
Location: East Tennessee | Originally posted by Mark in Boise:
I missed that Damon, maybe because I don't listen to NPR. If someone starts talking on my radio, it better be to announce the next song or I switch to the CD player. +1 Almost makes me want satellite. |
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Hard Economic Times and Guitar Purchases
