Prices will deflate in the Rolex Bubble

[Calatrava r]

No question about it, many current Rolex buyers are value/investment oriented and will sell to protect their downside loss at some point if the market starts to correct. This begets yet more selling and more downward pressure on re-sale values.

[mykii]

Originally Posted by Calatrava r

No question about it, many current Rolex buyers are value/investment oriented and will sell to protect their downside loss at some point if the market starts to correct. This begets yet more selling and more downward pressure on re-sale values.

It will be interesting to watch; I remember the bounce-back after the GFC and the growth since then hasn't stopped. Wish I picked up a Kermit when they were aplenty and selling for $5-6k regularly.

In the meantime, my only Rolex - my Pepsi - isn't going anywhere, so we will ride this one out together :).

[Dsmith1974]

$60bn wiped off the ASX today. I think the change has just started.

[locutus49]

Newbies full of wishful thinking.

[beshannon]

Originally Posted by locutus49

Newbies full of wishful thinking.

Exactly

I just hope all these eager buyers check their 401k balances before they rejoice over lower Rolex prices

[1Zach1]

Originally Posted by beshannon

Exactly

I just hope all these eager buyers check their 401k balances before they rejoice over lower Rolex prices

"What's a 401k?"

[Calatrava r]

Originally Posted by locutus49

Newbies full of wishful thinking.

Its the newbies who are panicking. So many of them bought their watches as "investments."

[77T]

Originally Posted by 1Zach1

"What's a 401k?"

A 401k is a qualified retirement plan that allows eligible employees of a company to save and invest for their own retirement on a tax deferred basis. Only an employer is allowed to sponsor a 401k for their employees. These contributions are typically deducted from your salary on a pre-tax basis.


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[SpicyMikey]

Originally Posted by shkure

1. You borrow a friend's DaytonaC and/or steel BLRO
2. You sell them at gray mkt prices
3. you tell your friend you lost his/her watch but will get it back.
4. You wait 6 months till the equity markets have blown up
5. You buy the watches back below retail.
6. You give back to said friend
7. you pocket a handsome profit but might loose a friend.

Edit: this is a joke. Dont try at home

Short selling in the Rolex market. Yea, what could go wrong I think this arbitrage technique is also a bit more effort than it's worth but that's just one humble man's thoughts

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[FHFinster]

Originally Posted by beshannon

Exactly



I just hope all these eager buyers check their 401k balances before they rejoice over lower Rolex prices

Lol.


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[1Zach1]

Originally Posted by 77T

A 401k is a qualified retirement plan that allows eligible employees of a company to save and invest for their own retirement on a tax deferred basis. Only an employer is allowed to sponsor a 401k for their employees. These contributions are typically deducted from your salary on a pre-tax basis.


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I guess Poe's Law got me good.

I know what a 401k is, it was commentary on the distinct lack of retirement planning in this country. I'm sure plenty of people wishing for a market crash so they can more easily buy luxury products don't contribute to any retirement savings.

[djgallo]

Originally Posted by Dsmith1974

$60bn wiped off the ASX today. I think the change has just started.

Over reaction ......Crono Virus mostly....there continue to be a lot of people talking about a big market correction......they have been talking about this for the past 4 years.....markets climb walls of worry....I only get nervous when everyone is talking about buying more stock cause the market will keep going up.....that ain’t happening....right now its all noise..... wake me up when everybody and their brother is buying stock

[77T]

Ah - I see. The quotes should have been a clue - but now those folks know now.

I always maxed out my 401k contributions - would have also done a Roth IRA but they didn’t exist back then.


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[KenU]

Originally Posted by RTG

yawn

[Epanerai12]

Originally Posted by Uggi

Great, how do I short watch prices?

Rolex Default Swaps

[newu5er]

Originally Posted by 77T

Ah - I see. The quotes should have been a clue - but now those folks know now.

I always maxed out my 401k contributions - would have also done a Roth IRA but they didn’t exist back then.


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All that sounds good, but have you thought about diversifying by adding some Hulks to your portfolio?

[Boba Fett]

We live in interesting times, especially in the UK.
I thought Rolex's plan was to look at the longer term and not rump up production in good times to even out the bad. The ADs have so little to sell it won't matter if the economy was in a downturn as even if fewer people were buying they would still sell them all. If they doubled production during a boom they could be left like Warren B says naked when the tide goes out.
It's too early to say if today is a blip or not. Fingers crossed.

[stockae92]

My AD told me the same thing ...

wait what? I thought this is a "Price Increase" thread ... LOL

[danny1305]

I guess if people keep making threads like these consistently every single week, eventually one is bound to be right....right?? Smh

[Dsmith1974]

Originally Posted by djgallo

Over reaction ......Crono Virus mostly....there continue to be a lot of people talking about a big market correction......they have been talking about this for the past 4 years.....markets climb walls of worry....I only get nervous when everyone is talking about buying more stock cause the market will keep going up.....that ain’t happening....right now its all noise..... wake me up when everybody and their brother is buying stock

I hope you’re right.. but just because it’s always happened before doesn’t mean it won’t happen again.


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[fed_fan]

Originally Posted by shkure

1. You borrow a friend's DaytonaC and/or steel BLRO
2. You sell them at gray mkt prices
3. you tell your friend you lost his/her watch but will get it back.
4. You wait 6 months till the equity markets have blown up
5. You buy the watches back below retail.
6. You give back to said friend
7. you pocket a handsome profit but might loose a friend.

Edit: this is a joke. Dont try at home

Lmaooooooo

[schoolboy]

Originally Posted by jpeezy14@hotmail.com

Both. Neither.

Hahaha

I’ve been trying to invest in something and it is so hard.

Everyone makes it sound like it’s easy.

I honestly don’t know if I’m missing something or if people are just full of it

[schoolboy]

Originally Posted by newu5er

Loaded question my friend. You'll get as many answers as there are posters here.

Thanks for teaching me something new. I had to look that up

[beshannon]

Originally Posted by Epanerai12

Rolex Default Swaps

You might be on to something I may have to research this!

[spersky]

Originally Posted by Chester01

Likely, little thousand point Dow drop along with the market psychology and legitimate issues of Asian buyers getting out and about will absolutely impact demand. However, given I have never nor will ever buy for investment, and never have nor will but above MSRP am in good shape.

That is my point. I will not buy above MSRP, and I wear the watches I buy. If they go up in value then that is a win.

[77T]

Originally Posted by newu5er

All that sounds good, but have you thought about diversifying by adding some Hulks to your portfolio?

I’m retired now so can’t add in a tax deferred manner - but the H-VIX (my own tongue-in-cheek proprietary tracker) had a bad day - prices down 10%. How’d you do?


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[garyk]

Originally Posted by boba fett

we live in interesting times, especially in the uk.
I thought rolex's plan was to look at the longer term and not rump up production in good times to even out the bad. The ads have so little to sell it won't matter if the economy was in a downturn as even if fewer people were buying they would still sell them all. If they doubled production during a boom they could be left like warren b says naked when the tide goes out.
It's too early to say if today is a blip or not. Fingers crossed.

+1

[spersky]

Originally Posted by beshannon

Exactly

I just hope all these eager buyers check their 401k balances before they rejoice over lower Rolex prices

I dont have a 401k. I just buy Rolexes. Problem solved.

[Steerpike999]

Rules of "investing" in watches.
1) Watches are not an investment
2) If you ignore 1) then make sure you buy a watch you like and would wear because when it drops in value at least you have a watch you would wear
3) See 1)

[newu5er]

Originally Posted by 77T

I’m retired now so can’t add in a tax deferred manner - but the H-VIX (my own tongue-in-cheek proprietary tracker) had a bad day - prices down 10%. How’d you do?


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I've always been an index fund person, so while I'm not adding any Hulks, I'm good for the year. These little blips in the market don't bother me.