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  #1  
Old 04-18-2018, 08:43 AM
seesound seesound is offline
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Default 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.
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Old 04-18-2018, 08:55 AM
Goat Mick Goat Mick is online now
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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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Old 04-18-2018, 08:58 AM
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fazool fazool is offline
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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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Old 04-18-2018, 09:00 AM
MChild62 MChild62 is offline
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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....
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Old 04-18-2018, 09:05 AM
fngrpck fngrpck is offline
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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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Old 04-18-2018, 09:10 AM
Dwight Dwight is offline
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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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Old 04-18-2018, 09:11 AM
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Erithon Erithon is offline
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Quote:
Originally Posted by fazool View Post
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.
This is precisely how I operate. $2000 in the bank is great, but $2000 in (the right) guitar can be interacted with. And if I want or need the liquidity, I'll just sell it. Yes, that requires effort and a little patience, but I enjoy buying and selling gear. I take care of my stuff and only buy used so my guitars preserve their value.

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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.
Quite right, but we're comparing only to a bank here. Index and mutual funds are something else.
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Old 04-18-2018, 09:15 AM
Shades of Blue Shades of Blue is offline
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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.
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Old 04-18-2018, 09:15 AM
Guitaurman Guitaurman is offline
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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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Old 04-18-2018, 09:16 AM
muscmp muscmp is offline
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money for sure. got the guitars.

play music!
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Old 04-18-2018, 09:20 AM
jpd jpd is offline
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Quote:
Originally Posted by seesound View Post
Would you rather have $10k extra in your bank account, or 10k worth of good acoustic guitars around the house?
Cash, baby...cash

Last edited by Kerbie; 04-18-2018 at 10:46 AM. Reason: Fixed quote
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Old 04-18-2018, 09:21 AM
lowrider lowrider is offline
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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!
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Old 04-18-2018, 09:27 AM
Rosewood99 Rosewood99 is offline
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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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Old 04-18-2018, 09:28 AM
6L6 6L6 is offline
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Bank or stock market for sure.
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Old 04-18-2018, 09:45 AM
Steadfastly Steadfastly is offline
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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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