Sunday, February 14, 2016

"For the Love of Music": Subjective Investments

     Writing about "financial wizardry" as a strong suit is rather questionable on my part.  However, in seeking to discuss the time in which one might purchase that "perfect" instrument,   I chose to delve into a 2016 book entitled, "Investing 101" by Michele CAGAN, CPA to take a hard look at the terminology of what is currently at issue: the meaning of the word "Investment".
   
     The kit-and-caboodle of the purchase is a huge financial undertaking that includes not only the desired instrument, but also music lessons, music score purchases, transportation to and from practices or performances, proper recital or performance attire; not to mention any unforeseen incidentals, as well as your personal time away from home or employment. Therefore, one should consider both "long-term", as well as "short-term" goals in answering the question of "expected outcomes" once the investment has "matured".

      Both Investor and Investee must take into account their own subjectivities as they consider the possibility that the final investment outcome may end up being in another area due to life choices. Therefore, it is not solely about the instrument's monetary value, but its reciprocal value seen when one participates in a Community Orchestra... Hearing the joy expressed while playing, performing; reminiscing about times past; and seeing the beaming faces of musician and audience member alike. It is this reciprocal value that grows from the love of the instrument, and the impact that music has - from the beginning music student to the "matured" music enthusiast.



Photo: "Kaufhaus des Westens", 1907; Public Domain via Wikimedia Commons.