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I have not had a lathe till now. I am buying these turning tools and my question is, do I need a parting tool? I have not bought these tools yet but here is a link to what I am buying.
https://www.hartvilletool.com/product/5910/turning-tools
Here is a picture of my old lathe but new to me.
I have heard all my life that a lathe is a money pit. I now believe it.
https://www.hartvilletool.com/product/5910/turning-tools
Here is a picture of my old lathe but new to me.

I have heard all my life that a lathe is a money pit. I now believe it.