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17 January 2019, 04:39 PM | #91 | |
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Moreover, anyone who knows the specs of a Rolex would say it's a "very fine watch" for its price point. In fact, it's arguably a bargain. Someone who doesn't consider it as such doesn't truly know about watches. And last time I checked, people who don't know about watches think Rolex is the best there is. So either way, I don't see how your statement is accurate. Now regarding the investment aspect, while I wouldn't necessarily call them a "good investment," I'd say they are a good store of value inasmuch as I wouldn't judge any watch by its "investment" qualities but rather its value retention. Investments are assets, and considering the value loss of a Rolex off the shelf and periodic maintenance, unless you never wear the thing, it will be a liability that may have decent value retention. Obviously this is not true for all Rolexes, but this is the cautious view I maintain for any watch. If you truly want an investment, put your money elsewhere. |
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17 January 2019, 04:46 PM | #92 |
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Buy the correct model and make £1000s by walking out the shop.....
Now that's a quick turnover and not bad for an investment A 50th anniversary sub bought for £3700 is worth £12000 today now that's a good investment |
17 January 2019, 10:38 PM | #93 |
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7% WHERE?
Not in Australia!
__________________
it's not just about telling the time... happy rolexing... I'm just a man with a passion
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18 January 2019, 02:05 AM | #94 | |
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I agree that watches are not an “investment” in the traditional sense, but substantial returns may nonetheless be made |
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18 January 2019, 02:12 AM | #95 |
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Retains its value, yes. As an investment, no.
There’s a difference between the two that the uninformed often confuse. |
18 January 2019, 04:35 AM | #96 | |
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I have sold several cars and motorcycles over the years. My conclusion: hardly worth my time. The number of tire kickers and flakers I had to deal with was hard to believe at times. I always made sure I was not selling out of desperation, still I don't believe I managed to get much more than what I otherwise would have by trading the vehicles in. |
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18 January 2019, 05:03 AM | #97 | |
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18 January 2019, 07:40 AM | #98 |
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I think we are debating about the term “investment”. It means a different thing to people in finance vs non-finance. Some feel an investment must have an EXPECTED return greater than zero; some see an watch as an investment because it is an asset. Some may even include the intangible value. Regardless of the definition, a few facts:
-On average, the expected return of S&P 500 index fund over a 10 period is positive, despite that any individual stock may have a negative return. -On average, the expected return of a given watch portfolio over a 10 year period is negative, despite that a lucky collector may have a positive return on his watches. Therefore, it’s logical to conclude that “watches are not a good investment vehicle” - in the sense that if some wants to make money, do not choose watches. But I suspect when posts ask for watch investment ideas, s/he meant: which watch will likely keep its value, or if lucky, increase a little, despite his/her knowledge that a municipal bond is likely to outperform a watch portfolio. |
18 January 2019, 07:53 AM | #99 |
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Does anybody think that a Paul Newman Daytona will ever become "cheaper" again, or a Ferrari GTO 250, a Mark Rothko?! For sure a good investment even if you buy them at todays prices!
Only buy triple A`s, no B`s, no Panerai`s (since Richemont) ;-) |
18 January 2019, 08:03 AM | #100 | |
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This. I think we as a community need to take a step back and recognize that when many say an investment, what they mean is won't depreciate like a Breitling. I think often times much is lost in translation and we have many where English is sometimes even their 2nd language. It's more likely some use the term investment incorrectly more so than those that actually consider their Rolex and an alternative to equities. Relative to other watches, they are great investments (that doesn't mean they are bulls and bears of course) and I think that's all many mean. Just my two cents |
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18 January 2019, 08:13 AM | #101 |
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Not a terrible investment once you factor in 30% capital gains tax (Fed 15% + CA 15%) on any “traditional” investment.
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18 January 2019, 08:30 AM | #102 |
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18 January 2019, 09:01 AM | #103 |
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18 January 2019, 09:09 AM | #104 |
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And it's not like we have a national pension funding deficit or fully funded personal retirement accounts now do we. That's a brutal disincentive to save. I'd just buy more Rolex lol
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18 January 2019, 09:37 AM | #105 | |
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Here's how I think about it: In the past 12 months I've added a DaytonaC and BLNR to the collection. Let's just call that $21K total. If I needed to offload those, I would easily recoup the original cost, and probably turn a profit. Let's just say I get cost returned to keep it simple. I hit some tough times and have to sell both watches. At that point, I have back in cash the money I originally spent on them and got to enjoy wearing them during my ownership. So what have I missed out on? Only thing that comes to mind is foregone interest on that cash deployed (or opportunity cost). In other words, what's the profit I could have made by putting that money in market rather blowing the cash on watches? That tax-adjusted gain is all I have missed out -- pretty minimal downside risk. Furthermore, that argument could essentially apply to spending money on any other non-essential items (granted, watches tend to be bigger ticket items). Some may call this particular example highly "selective." In other words, we're talking about two steel models that are high in demand in a watch market with frothy valuations on secondary/grey asking prices. How much does that all change when the economy is in the toilet? I'm sure the impact isn't nothing, but also not a total nosedive either. In addition to market conditions, the validity of this argument also rests on what types of watches we're talking about (both brand and material). I am sure other brands are not as optimal at storing value as Rolex. Within Rolex, I am sure the store of value argument becomes more shakey when you move into PMs. Those are totally valid points. The logic above is more so based on what's currently in my collection. Bottom-line: don't buy a watch if you're expecting it's value to appreciate over time (there are far more efficient ways of accomplishing that better). At the same time, I also don't make a purchase thinking that money is gone away forever (there is value to extract from the item, if necessary). |
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18 January 2019, 09:39 AM | #106 |
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18 January 2019, 09:42 AM | #107 | |
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18 January 2019, 10:23 AM | #108 |
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18 January 2019, 10:27 AM | #109 | |
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18 January 2019, 10:28 AM | #110 |
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18 January 2019, 10:28 AM | #111 |
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I bought a BLRO and sold it for a 60% profit in less than 24hrs. That’s a good investment in my book.
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18 January 2019, 11:41 AM | #112 |
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18 January 2019, 12:45 PM | #113 |
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18 January 2019, 12:58 PM | #114 |
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I see it as money that I can keep a close eye on.
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18 January 2019, 01:46 PM | #115 |
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18 January 2019, 01:48 PM | #116 | |
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I did not buy a BLRO because I did not like it, and if I liked it I would buy to wear it and not flip it. Sent from my iPhone using Tapatalk |
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18 January 2019, 01:50 PM | #117 |
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I agree on the second part.
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18 January 2019, 01:53 PM | #118 |
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In my opinion there is no way a modern Rolex is an investment. And it should not be. It is a nice watch, that attracts a bit of attention and made to be worn under any circumstances. As a reminder of the you events of your life. Good or bad.
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