Investments: How about a vintage Les Paul.

Discussion in 'The Sound Hound Lounge' started by harpinon, Feb 9, 2012.

  1. harpinon

    harpinon Silver Supporting Member

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    I'm being serious here. I am selling a large chunk of land and I need to invest for retirement.
    The stock market sucks the life out of my IRA. Cd's are paying 1-2%.
    I am thinking that a valuable Les Paul would fare better over a 20 year period than gold or stocks.

    Experts on vintage Pauls.... convince me I'm right and help me convince the wife.
     
  2. Zingeroo

    Zingeroo Member

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  3. rokpunk

    rokpunk Member

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    buy a guitar to play, not as a part of your portfolio.
     
  4. will richardson

    will richardson The Tennessee to California Connection Silver Supporting Member

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    Many Vintage dealers have realized that having a larger inventory of 2-5K guitars is easier to to liquidatn with high end piece is essentially that dragon slaying. i have had this discussion with dealers at some of the California guitar shows the past three plus years. The BiG dealers like Goergr G in Nashville have a waiting list for high high end items. But smaller gealers and pirviate collectors can move a Trini Lopez for 4.5 to 7.5 K easier. Of course the down side is you have to sell more pancakes if your inventory of 100 K of intruments is made of of 20 pieces.

    I prefer swatting flies than killing dragans. In real estate typically more modest properties easier to unload than mansions. It does not mean u can't
    make money on expensive items.

    Hope this is thought provoking in a good way.

    best wishes with your investments.

    Keep on pickin'.

    will richardson
     
  5. harpinon

    harpinon Silver Supporting Member

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    I am speaking about a 20+ year investment here.
     
  6. jackbart1960

    jackbart1960 Member

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    This in spades!!! It's major value would be as a collectable. If you think the stock market is a fickle place try the collectable market. Having been involed in a collectable that 35 years ago was a fairly respected investment that is a now ghost town. Put it in the bank. You might need to eat later.
    But if you have it to spend why the f%^k not. Peace. J.J.B.
     
  7. shg

    shg Senior Member

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    I'd buy shares in a tulip venture, no way you can fail there.
     
  8. Elmer

    Elmer hell is chrome

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    The vintage guitar ship has already sailed. Buy guitars to play and if they happen to make a buck or two along the way, be happy. Wouldn't count on it for my retirement though.
     
  9. Zingeroo

    Zingeroo Member

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    Personally, I don't see the prices going too much higher. I think they're going to hit a brick wall, especially in this economy.
    Methinks the OP just wants to blow a chunk of cash on a guitar and is looking for a way to justify it with the old lady.
     
  10. harpinon

    harpinon Silver Supporting Member

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    Score :drool:banana:bow:stir
     
  11. Stonesy

    Stonesy Member

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    Vintage players grade LP Juniors are almost selling for reissue prices.
    If '50's and '60's Juniors continue their slide, the end is near.
     
  12. hearmecrybaby

    hearmecrybaby Senior Member

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    once all the baby boomers get old and die, nobody is going to give a **** about vintage les pauls. we didn't grow up idolizing les paul players the way you guys did. i think the fetish with old flametops is a river that's going to dry up with your generation's buying power.
     
  13. Scooter Burbank

    Scooter Burbank Member

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    By no means am I an expert on investing (I usually sleep in the park, fergawdsake), but this sounds like a very bad idea to me. Why do you need to sell the land? Real estate seems like a pretty good bet over time.
     
  14. cugel

    cugel Member

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    i would not advise anyone to invest in a guitar.
     
  15. shg

    shg Senior Member

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    Real estate is a good bet so long as it's land that someone will want one day.
     
  16. shane88

    shane88 Member

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    :agree old guitars in general - the vintage prices went thru the roof because of perceived mojo & a lot of snake oil - now custom shops can build something similar (if not better) - i wouldn't be putting $$ into old planks

    remember the story about the strad and a new violin?
     
  17. LivingTheDream

    LivingTheDream Member

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    Have you seen what the stock market has been doing over the last few months??? Sell the land; invest back in the market. Then next year use the proceeds to buy whatever you want. I have enough in dividends this year alone to buy almost any guitar I want. The market has been on a tear!
     
  18. shg

    shg Senior Member

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    this, times like... a million.
     
  19. Stonesy

    Stonesy Member

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    Buy silver instead of gits.
    Silver is gonna break $50/oz in 2012.
     
  20. Zingeroo

    Zingeroo Member

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    Land... They're not making it anymore.
     

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