Hey.......Assuming your gear requirements are for recording purposes, let me suggest something quite different from what people have suggested here. This will also be pretty effective. I recently tried these things in a Studio and I am pretty satisfied with the recording....
1. M-Audio Sound Card Delta 1010LT PCI Interface. - $200
2. Cubase Recording Software. - Download it..
3. Guitar Rig2. - Download it.
4. Drumkit from Hell - Download it.
5. Some decent studio Monitors.
6. A DI Box if you happen to live near TV Tower or Mobile Tower. This will prevent EMI noise from getting inside your recording.
Guitar Rig2 is absolutely awesome. You can get some mind blowing tones if you tweak properly. Drumkit from hell has some amazing and realistic samples.
Dont spend money on pedals if recording is your concern. Then you need a good amp and a good mic to mic the amp and it's a lot of pain. Easiest thing is Guitar Rig....
And you dont need an amp. Guitar Rig2, Sound Card will take care of those things....
You dont need a Mixer. Since you are doing recording alone using Multi Tracking mixer is just going to lie idle without any use. Unless you are recording as a band, you really dont need a mixer.
There are some amazing pockets sized studios available Check them out too....
As far as guitar and bass. There are lots of decent stuffs in the Market. I'd say get some nice DiMarzio pickups and get a Tulsi Custom Made guitar. They will really rock plus it wont cost a lot too...
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