I am a big fan of tassel loafers, but I know that they are not for everyone. Some people think that they look too ornate which directly conflicts with the Trad ethos of utilitarian simplicity much like the always controversial horse bit loafer(Just read through the commments). However, to me the Alden or Allen Edmonds (AE) tassel is a shoe that says you have arrived. Unfortunately, I have yet to arrive and these sleek tassels are still out of my price range, but I did find an affordable alternative that I think is a good fit for me. This tassel is the Bass Eddington.
The more sophisticated and sleek AE Grayson Tassel Moc for comparison.
The Bass Eddington has a different shape than the Alden or AE tassel. It is much more of a casual loafer. They feature contrast stitching and are only available in a rich brown color. They wouldn’t look appropriate with grey flannel trousers and a blazer like the other two, but they look right at home with a tweed sport coat, cords, or even chinos and a sweater which is exactly where my wardrobe lives.
Bass is not known for producing high quality footwear, but I really like these tassels. The leather is supple and they are comfortable right out of the box. I think that the fact that Bass uses a Blake welt stitching construction is a big part of why they are so comfortable. To top it off, I picked them at the Bass outlet for around $75. If you are in need of an introductory tassel the Bass Eddington may be worth checking out.