you can save a lot of money.
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What type of investment is needed to get into this hobby?
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depends how deep you want to go.
this is just an example but you can get the idea. The rod in the link below costs aprox $225. depending on art work.
you cam buy the parts for about $120.
http://www.striped-bass.com/Articles/ninechunk1.shtml
a you will need a set of 3-4 v-Blocks felt lined(depends on rod lengths)
Thread, epoxy, rod finish. a little imagination and time & patience