Ownership is everything.
Whether songs or stocks, this is your future.
Thirty years from now you need to own something so you’re not out looking for a gig.
Owning parts of lots of songs (that get played somewhere) is kinda like a mutual fund.
So if you don’t own parts of lots of songs, get a mutual fund.
There are A-list musicians who after years of amazing gigs all of a sudden stop getting amazing gigs. They spent all the money when the money was good and now they got nada. Back on Broadway 10pm-2am.
But in the above scenario you can sub out ‘A-list musician’ for just about anything else in the music business if you don’t start down the road of ownership now.
Songs have legs and the royalties are forever. You can pass them down to your children and grandchildren.
As you can do with the guacamole from mutual funds.
Pick songs. Pick investments. Pick both.
Ownership is everything.
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I’m always interested in your perspective, whether affirming or dissenting. Continue the conversation anytime: gabethebassplayer@gmail.com