Quote:
Originally Posted by arizonapaul
Here's the story, My brother is a grandfather as of yesterday as his daughter gave birth to a beautiful baby boy. He is not a watch enthusiast at all and won't wear a watch if it does not have a battery, don't get me started, but I think I convinced him to get a Rolex, a time tested SS Sub date.
He would never wear it and wants to engrave the back and have it be given, god willing from him, to his grandson on his 18th birthday.
So can one just store a Rolex for 18 years, just sitting in the box as it came in?
thanks for your input.
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wouldnt it be smarter to invest the money in a 529 plan then take it out to buy the rolex and pay the tax / 10% penalty. you get tax free growth for 18 - 22 years. that way you dont have to shell out service costs either.