Quote:
Originally Posted by bgriz
So, the argument can certainly be made that Rolex is indeed an investment. I would offer that it is generally not a good investment considering the same money put into a decent mutual fund would have made far better returns over 25 yrs than 2.88%/yr.
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You omitted one valid point. The $$$ tied up in the mutual fund cannot be used for the entire term. The Rolex can be used every day and still appreciate in value.
No I'm not poking holes in your sound financial advice, just justifying spending more $$ on Rolex -
__________________
I bought a cheap watch from the crazy man
Floating down canal
It doesn't use numbers or moving hands
It always just says "now"
Now you may be thinking that I was had
But this watch is never wrong
And if I have trouble the warranty said
Breathe In, Breathe Out, Move On
J. Buffett
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