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Re: Is Buffet raising prices?

Author: smokindok
Date: 2019-12-09 06:13

m1964 wrote:

> Tobin wrote:
>
> > I found my receipt for my Buffet 1193 Prestige bass that I
> > bought in 2001. I bought it for $4995. I should have bought
> > two!
>
> > James
> >
>
> Maybe you should have! It's listed price is over 12K now....I
> guesss there are people who can afford them .
> Do you like it? How does it play comparing to Selmer bass ?
> Asking out of pure curiosity- I do not intend to play bass.
> Thanks

In reality, don't feel that you missed out. If you put that $5,000.00 into a S&P 500 Index ETF on January 1, 2001, the true annualized return would have been 5.66%, giving you over $13,000.00 on December 31, 2018 to buy that low C bass this year. That includes miserable years with significant losses in 2001, 2002 and 2008. Low C bass value has simply kept up with the S&P 500.

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