#1
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Money in the bank, or Guitars ?!
Would you rather have $10k extra in your bank account, or 10k worth of good acoustic guitars around the house?
I pick these guitars:-) Martin D35 50th Anniversary Brazilian, a Gibson J45 rosewood, a Taylor Coco GA limited and a Martin D28 (2018)-versus 10k extra $ in the bank right now. Last edited by seesound; 04-18-2018 at 09:15 AM. |
#2
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At this point in my life I'd take the $10k in the bank. Having a nice security cushion is a wonderful thing.
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'59 Gibson J-45 "Spot" '21 Gibson LG-2 - 50's Reissue '94 Taylor 710 '18 Martin 000-17E "Willie" ‘23 Taylor AD12e-SB '22 Taylor GTe Blacktop '15 Martin 000X1AE https://pandora.app.link/ysqc6ey22hb |
#3
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There is no difference.
A lot of people lose sight of this concept. If I have a guitar that I could sell at any time for $2000, then every single day I have it I have made the conscious choice that I want this guitar instead of $2000. Just because I spent the money and bought the guitar is doesn't mean "well I might as well keep it because the $2000 is already spent" - that is not real. If the item retains resale value then the money is never "spent" it just changed forms.
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Fazool "The wand chooses the wizard, Mr. Potter" 000-15 / GC7 / GA3-12 / SB2-C / SB2-Cp / AVC-11MHx / AC-240 |
#4
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in addition to the enjoyment it would bring, $10K in a good, already vintage guitar may appreciate at a rate much faster than any interest you would earn in a bank account.
Or at least that's what I'd tell myself.... |
#5
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10K in a stock mutual fund rather than a bank or guitar as it will appreciation more than the latter two.
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#6
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I'd go for either of the D-28's, skip the other two and put the rest in the bank.
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Bourgeois, Collings, R Taylor, Santa Cruz |
#7
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Quote:
Quite right, but we're comparing only to a bank here. Index and mutual funds are something else. |
#8
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Honestly, I'd rather have cash, but they are one and the same to me.
When I look at my guitars, I see available money should I need it. The way I see it, I probably "shouldn't" have spent the amount of money on my guitars that I did in the first place. Heck, I don't need $6000+ invested in acoustic guitars, but I spent the money anyways. Sometimes, yes I think I should sell a couple guitars and consolidate. But, I don't have to right now. If I ever did find a single acoustic guitar that did everything I asked of it, I'd sell everything and go with a single guitar. Last edited by Shades of Blue; 04-18-2018 at 09:24 AM. |
#9
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Money doesn't do a thing for you until you spend it. Guitars make me feel great when I play them. I'm lucky though. I'm able to gig with mine and they kind of pay for themselves. I have been broke before, and I lived through it. Now I have plenty of dough. I worked hard for it. Life is too short to not have the instruments that make life worth living. Get the guitars!
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#10
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money for sure. got the guitars.
play music!
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2014 Martin 00015M 2009 Martin 0015M 2008 Martin HD28 2007 Martin 000-18GE 2006 Taylor 712 2006 Fender Parlor GDP100 1978 Fender F65 1968 Gibson B25-12N Various Electrics |
#11
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Cash, baby...cash
Last edited by Kerbie; 04-18-2018 at 10:46 AM. Reason: Fixed quote |
#12
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40% of the people in this country don't even have $1000.00 in a retirement account. It makes for a pretty crappy retirement when all you have in Social Security. $10,000 just might be a good start for a retirement account.
Having $10,000 worth of guitars sitting around is totally ridiculous unless you already have a 7 figure retirement account in place! |
#13
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My thinking is that if you don't need the money, have the guitars. If I ever get in a pinch I can sell them. At worst they can be part of my daughters inheritance and she can sell them.
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#14
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Bank or stock market for sure.
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#15
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I couldn't justify having 10K worth of guitars in my house. If I made my living by playing music that would be a different thing. I might buy one or two guitars and use up 2K but the rest would go in the bank.
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