hifi as investment?


Well sort of. I am just starting out in this hobby and having already exchanged a few used components I bought here and later sold- sometimes for the same amount I paid- sometimes for more-

Seeing this has made me consider the idea that one could approach this hobby's acquisitions as a sort of currency. Considering the ease with which many popular components are sold- SCD-1, De Capos, etc. I have begun to realize that it is possible to approach an expensive system with the rational (if art is not enough) that ridiculously expensive components are just another form of money- a temporary resting place for your reserves (of course this considers purchasing used and at a fair price).

I'm looking for nominations. What components are most depreciation proof once they have taken the hit of being used? I want to rationize an absurd purchase and enjoy my monetary reserves while retaining my safety net.

Does anyone else approach it like this? Used Elrods? Don't get me wrong, I'm doing it for the love of music, but a $15000 system requires some consideration of financial prudence right?
wheeler
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Yah!

Let's not get too caught up on the philosophy though, we need some nominations.
Obviously, items that are hand built in limited quantities by "masters of the trade" are the most likely candidates. The early tube based pieces made by Marantz are a prime example. Once you start working your way into more modern gear, there are very few pieces that could ever come close to obtaining their original retail sales price on the used market.

As such, building a system based on "collectability" or "market value" will have you running almost all vintage tube gear. If you like that sound, that's a double bonus for you. If you don't like that sound but are worried about your investments in this "hobby", you are better off looking for the best buys possible on used gear that has a good reputation. Straying from this formula to find some lesser known "gems" may net you musical satisfaction, but it will only end up hurting your pocketbook in the long run.

While i do agree that a quality "bang for the buck" system is hard to beat for the money invested, if you are more worried about your pocketbook than you are obtaining musical pleasure from your system, you should be scouring the ads at Best Buy & Circuit City to see what will produce the amount of sound desired for the least amount of money. In the long run, it is only the personal enjoyment that you obtain from using your system and listening to music on it that will ever recoupe the investment that you make in it. Once you accept that fact, you'll be a lot better off and won't feel so guilty about allowing yourself these pleasures. Sean
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Sean- nice suggestions on the tube gear and I think I would enjoy those very much. I'm running Cary 2a3 monos now. Any more specific models?

Your last paragraph throws me off. I'm not looking for "bag for the buck" I'm looking for "big bucks that won't bust"

Circuit City???
While some items retain their used value (usually about 50% of retail) longer than others, as soon as the next generation of that item comes out they will drop in value. Since you can't really preditct when that will happen, I think your plan is flawed. This especially true with digital but happens with all gear. That is unless the company goes out of business, and then it drops because you can't get support.

Buy it because you like it and it is fair value today. Tomorrow it may be worth a lot less and very rarely will it go up unless you got it below market value.

The only thing that really holds it's value is vinyl.