Jul 17, 2009
Investment Strategy
Does digital signify the end of formats altogether? In a way, I think it does. Now that music and movies are reduced to downloadable files with no physical necessity, we can return to the mediums we really prefer, like vinyl. Today I was record browsing in Criminal Records and a young girl asks me if I’ll answer some questions about my habit for some magazine. It’s the standard stuff, why vinyl, do you have an ipod, etc. and I forget to explain my new investment strategy of dump the 401k and whatever bad market indexing scheme you have going on (managed or not) and invest in good ol’ vinyl. Because with anything limited edition you are going to double your money in a few months. Look at LPs on Ebay and see what I mean. Now that we have eliminated the problem of electronic media, we can get back to enjoying it how we truly prefer. LP or 8-track? Sure the downloads and the ipod work for most things. But don’t bitch to me about piracy when I’ve just spent $100 on metal records.