Quote:
Originally Posted by MonBK
Everything goes up except boats.
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Lest we omit horses from the "good money after bad" scenario.
Boats, horses and even watches should be bought and owned for the personal enjoyment that they provide. To collect and enjoy is very different than being an "investor".Most Investors own "things" for the express purpose of (hopefully) realizing a future profit.
My view is to buy what gives you enjoyment and if there is an added bonus of realizing appreciation then consider that a bonus. Buyers of brand new watches (and automobiles) from ADs obviously get that and tend to enjoy their pieces more by wearing the heck out of them...vintage watch owners not so much.
