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Old 8 April 2022, 04:20 AM   #61
VogelPhoenix
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Join Date: Jun 2020
Location: Taiwan
Posts: 3,634
Some options for OP's business:
1) Time. Everyone's a genius while the bubble inflates, be it internet stocks, crypto, Tesla, watches,... Missed the boat there, IMO.
2) Connections. Any family or at least best friend's family, that are distributors, ADs, upper management in the watch industry? Doesn't sound like it.
3) OPM. Other people's money - any rich friends/family/business partners that want to bankroll your ventures? Share the profits, move on from the losses. Starting with our own savings can only end in tears.
4) Skills. Do you have the education/experiences to evaluate authenticity, cosmetic and mechanical condition of watches? Ability to fix mechanical or cosmetic issues, or at least access to someone with these skills willing to collaborate? Are you a good negotiator, on the buy or sell side?
5) Risk. The reason TRF's favorite trusted sellers can buy low and sell high is the low risk option they represent for buyers and sellers, combined with experience (and turnover) that allows them to manage their own risk. To compete, you'll have to take more risk on a buy and sell side. One PM Rolex deal gone sideways (on either side) could easily wipe out a quarter of your savings.

Unless you can reasonably argue to have an edge in any of the areas above, my advice would be to stick with a real job and treat watches as a hobby, not an asset class to be traded for profit.
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