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@50/14
I've built and own 5 geared bikes. Only 3 have new frames, and I personally recommend buying second hand components in good condition, or new old stock. There are added advantages in doing this, for example I prefer the old Campag Record brakes before they launched skeleton, and the 2006 crankset is timeless. Lots of cat 1 and 2 racers change their gear all the time and swap for tech advantages like ceramic bearings etc. I have found that unless you get a sale bargain, the new equipment loses its value by nearly a half the moment it's assembled. My policy has been to go for top range even if second hand, rather than a low end new groupset. Again it depends what you want to use the bike for. My aim was to enter sportives, which demand lightness and climbing ability. I also built a time trial machine and a pursuit. Up to you and your budget eventually, but try to choose wisely things you will remain content with for five years. Also read reviews at Road Cycling, Bike Radar and Bike Forums. Finally good luck! It is a very rewarding feeling riding a machine you have specced out yourself.