Dixiethedog
Experienced
Im going to start with a disclaimer, Im not rich, Im far from it, but due to good luck more than intelligence I have a little bit money saved up in the bank.
The bank's "giving" me about 0.0000000000005% interest on my saving's.
So, the other day I spotted (on the auction site) a nice s/h Gibson ES339 for sale. It had a buy it now price of £1000 plus a smallish delivery charge. It made me think that if I bought it that come rain or shine it would always be worth more than the asking price ,and if I bought it I could probably sell it on at a profit of more than 0.00.....%. I slept on it. Breakfast coffee made I decided Id take the chance and buy it. "****" where has it gone? The auction had ended but the seller had relisted it. At £1599. So I gave myself a kick up the rear. A big pricing mistake by the seller and a missed opportunity for me!
Putting that behind me, Im thinking that buying good quality guitar's to keep for a shortish time will be fun and Im certain give a better return than just letting Barclays Bank hold onto any money I may have. I think that a buy one, sell one, buy one....will give me the chance to own guitars that I might not otherwise try.
Can anybody see any flaw's in my plan???
The bank's "giving" me about 0.0000000000005% interest on my saving's.
So, the other day I spotted (on the auction site) a nice s/h Gibson ES339 for sale. It had a buy it now price of £1000 plus a smallish delivery charge. It made me think that if I bought it that come rain or shine it would always be worth more than the asking price ,and if I bought it I could probably sell it on at a profit of more than 0.00.....%. I slept on it. Breakfast coffee made I decided Id take the chance and buy it. "****" where has it gone? The auction had ended but the seller had relisted it. At £1599. So I gave myself a kick up the rear. A big pricing mistake by the seller and a missed opportunity for me!
Putting that behind me, Im thinking that buying good quality guitar's to keep for a shortish time will be fun and Im certain give a better return than just letting Barclays Bank hold onto any money I may have. I think that a buy one, sell one, buy one....will give me the chance to own guitars that I might not otherwise try.
Can anybody see any flaw's in my plan???