ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
14 June 2019, 08:26 PM | #61 |
"TRF" Member
Join Date: May 2019
Real Name: Phil
Location: Liverpool
Posts: 121
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Hey Dave@56. Great to hear your beaten it.
Thanks for your endorsement, Rolex Giant. As you get older, perspectives change, I probably had yours and many other members point of view, 30 years ago. Nowadays, I choose to work two days a week and consider myself very fortunate to have the choice. |
15 June 2019, 08:22 AM | #62 |
Banned
Join Date: Apr 2015
Location: United States
Posts: 2,410
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how does one know if they can afford watches?
LOL if you’re older than 18 and you can’t use common sense then I have nothing to offer you.
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16 June 2019, 06:18 AM | #63 |
Banned
Join Date: Dec 2012
Real Name: Greg
Location: michigan
Watch: Rolex Oyster
Posts: 4,046
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Depends on how smart you buy. I got laid off when I was 18 and bought a Rolex a week later and sold it a few months after that for a significant profit. Done it with other watches as well when I was in times that I shouldn’t have been playing with my money like that. Savings is one thing, but Rolexes are pretty liquid in a time of need and getting a fair price shouldn’t be a problem for a desirable model. I have a safety net if anything happens. But I could liquidate most of my assets at a profit in a pinch as well.
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17 June 2019, 03:07 AM | #64 | |
"TRF" Member
Join Date: Jan 2018
Location: Here
Watch: Sub 114060, 216570
Posts: 2,157
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Quote:
I will not use my watch as a buffer but i agree, it is a liquid asset for sure! I need a stable buffer as i do live in my girlfriend her house and i don't own anything besides some clothes and couple of Rolexes.. So if i have not enough money in my account i can't save myself in case of emergency.. I need at least 50k for this so thats what i keep after |
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18 June 2019, 05:51 AM | #65 | ||
"TRF" Member
Join Date: Dec 2016
Real Name: Nick
Location: Georgia
Posts: 2,611
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Quote:
Quote:
All of this talk about throwing money away and setting money on fire has me on edge. I do not like wasting money. Buying a watch is not like losing or burning money. It will retain some value. I might only retain 10% of the original value, but that is still more than $0.00.
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Instagram - watches_wine |
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24 June 2019, 05:21 AM | #66 |
"TRF" Member
Join Date: Sep 2011
Location: UK
Posts: 306
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I tend to follow the 5x and 10x rules:
- If it's a cheap item / watch, I need to make at least 5x its value before pulling the trigger - For more expensive items, I apply the 10x rule |
24 June 2019, 06:13 AM | #67 |
"TRF" Member
Join Date: Jan 2019
Location: Uk
Watch: Omega-Rolex-AP
Posts: 240
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5 months savings or 5 months income ? If its the latter i would say no way, just recently bought a Ap that was a bad months income for me and i gave it alot of thought. No way would i be buying a watch for 5 months income.
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24 June 2019, 11:34 PM | #68 |
"TRF" Member
Join Date: Aug 2014
Location: VA
Watch: 16610
Posts: 23
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How about starting with a personal budget? If you write your income/expenses and assets/liabilities, it'll speak to you.
From what I've read, the most successful people always buy in cash, and rarely spend more than 10% of their annual income on discretionary items. You have one life to live: are you leaving a watch or a legacy? |
25 June 2019, 03:58 AM | #69 | |
Banned
Join Date: Jun 2008
Real Name: greg
Location: Tempe AZ
Watch: GMT
Posts: 5,703
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Quote:
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25 June 2019, 05:58 AM | #70 |
Banned
Join Date: Apr 2019
Real Name: Mike
Location: San Diego, CA
Watch: Submariner
Posts: 1,197
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25 June 2019, 06:27 PM | #71 |
Banned
Join Date: May 2019
Location: United States
Posts: 285
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26 June 2019, 02:10 AM | #72 |
Banned
Join Date: Jul 2008
Real Name: Paul
Location: San Diego
Watch: 126619LB
Posts: 21,541
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I can’t
But I buy them anyway |
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