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seand442 · 12 February 2016, 04:46 AM

Seeing as how the world economies all seem to be going to hell, I'm thinking now is the perfect time to tell my wife I'm investing in a Sub as opposed to stocks. After all, when has a sub ever lost value?

swils8610 · 12 February 2016, 04:52 AM

Lol. Good advice!! Do you think your wife buy it? Lol.

VaRobot · 12 February 2016, 04:56 AM

Hard to argue at the moment. The money I put into stocks right now, seems to be worth less the following month.

My hope is that I am buying at fire sale prices and will be rewarded "sometime" in the future.

Etschell · 12 February 2016, 05:17 AM

my post argued this a while back. i got out at 205ish spy . sorry if you are stuck.

rod727 · 12 February 2016, 05:39 AM

I did the same thing a couple of weeks ago....

cdmorenot · 12 February 2016, 06:05 AM

I spent several thousand on a watch a few weeks ago - I've recovered the funds. If you're not shorting, you're not playing!

I always give my wife the same BS story "You see this watch here, it is inflation proof" - It recently backfired and she made me buy her not one, but two. LOL

subtona · 12 February 2016, 06:11 AM

as China's market seems to be in jeopardy and considering the Chinese have been such strong watch enthusiasts, i wonder if the secondary market may become saturated with supply...

locutus49 · 12 February 2016, 06:20 AM

I'm doing the same.

Quote:

Originally Posted by VaRobot

Hard to argue at the moment. The money I put into stocks right now, seems to be worth less the following month.

My hope is that I am buying at fire sale prices and will be rewarded "sometime" in the future.

BNA/LION · 12 February 2016, 06:37 AM

I have been 60% in cash since April 2015 and Glad I am!

PS- Buy the Watch! Pick up deals on stocks!

mfer · 12 February 2016, 08:14 AM

Quote:

Originally Posted by subtona

as China's market seems to be in jeopardy and considering the Chinese have been such strong watch enthusiasts, i wonder if the secondary market may become saturated with supply...

True.

bayerische · 12 February 2016, 09:24 AM

Only stock I own is my own company.

Glad I put some money into watches watching my friends laugh at me. Oh well.

rod727 · 12 February 2016, 09:47 AM

Quote:

Originally Posted by bayerische

Only stock I own is my own company.

Glad I put some money into watches watching my friends laugh at me. Oh well.

Smart man!

Tmac478 · 12 February 2016, 09:51 AM

My feeling is that this is all temporary. if you're dollar cost averaging into good companies and have a few years before retirement, this is a great time to be an investor.

Runnin' Rebel · 12 February 2016, 09:54 AM

Quote:

Originally Posted by Tmac478

My feeling is that this is all temporary. if you're dollar cost averaging into good companies and have a few years before retirement, this is a great time to be an investor.

It'll go back up. If your long term invested, now is the time to pour money in.

The Dow is down approx. 3000 in the last year.

SILVER

beer · 12 February 2016, 10:41 AM

i prefer to buy stocks when they are cheap, and when they are expensive, sell them for rolexes

as opposed to the other way around

skprd13 · 12 February 2016, 03:11 PM

Waiting for oil to hit $10/barrel after Iran floods the market then buy energy stocks.

Star Ferry · 12 February 2016, 06:18 PM

Quote:

Originally Posted by subtona

as China's market seems to be in jeopardy and considering the Chinese have been such strong watch enthusiasts, i wonder if the secondary market may become saturated with supply...

Things are not great right now, but we should consider the scale. I think Shenzhen and Shanghai exchanges have total value of about $6 trillion, versus about $25 trillion between the NYSE and NASDAQ.

I can't recall exact numbers, but I've been told by many sources that stocks make up a smaller share of private wealth in China than they do in the USA. The stock market dip should be considered in this context.

Will the watches go up for sale? Maybe. I'm sure many would like to sell. But most of the Chinese market only likes to buy new. They are very cautious about buying used. Maybe an enterprising dealer could connect Chinese sellers with Western buyers.

See: http://www.chinainternetwatch.com/43...luxury-brands/

Rock · 12 February 2016, 07:19 PM

It ain't just Wall Street, Brother, it's everything.

Abdullah71601 · 12 February 2016, 07:24 PM

Quote:

Originally Posted by skprd13

Waiting for oil to hit $10/barrel after Iran floods the market then buy energy stocks.

The UAE is considering production cuts. And Iran has nothing to gain from low oil prices. Their production costs are higher than any of the arab states and low prices hurt them more than their rivals.

EE33 · 12 February 2016, 08:44 PM

If it goes downhill here in China, first go for the Bentleys, Lamborghini's, Ferrari's then the Rolex's.

Etschell · 12 February 2016, 11:05 PM

Quote:

Originally Posted by Abdullah71601

The UAE is considering production cuts. And Iran has nothing to gain from low oil prices. Their production costs are higher than any of the arab states and low prices hurt them more than their rivals.

that was a rumor from a UAE minister taken out of context and published when the SPY was about to dip below 181.44. in other words it was a rumor used to manipulate the market from failing below that level. sounds like a conspiracy theory until you consider the large amount of margin debt and leverage used to buy securities that is outstanding.

russia has no interest in low oil prices.

the ITC passed by the USA in december 2015 allowed for exportation of US oil for the first time since the 1970s. OPEC didnt like that.

OPEC has nothing other than a meeting scheduled in June 2016 at this point. buy the rumor sell the news.

subtona · 12 February 2016, 11:11 PM

Quote:

Originally Posted by Star Ferry

Things are not great right now, but we should consider the scale. I think Shenzhen and Shanghai exchanges have total value of about $6 trillion, versus about $25 trillion between the NYSE and NASDAQ.

I can't recall exact numbers, but I've been told by many sources that stocks make up a smaller share of private wealth in China than they do in the USA. The stock market dip should be considered in this context.

Will the watches go up for sale? Maybe. I'm sure many would like to sell. But most of the Chinese market only likes to buy new. They are very cautious about buying used. Maybe an enterprising dealer could connect Chinese sellers with Western buyers.

See: http://www.chinainternetwatch.com/43...luxury-brands/

Interesting cultural distinction

Etschell · 12 February 2016, 11:27 PM

Quote:

Originally Posted by subtona

Interesting cultural distinction

so whens the meetup in china :)

beshannon · 12 February 2016, 11:52 PM

Buying hard assets with devalued currency is an interesting strategy

Hpozzuoli · 12 February 2016, 11:53 PM

The problem isn't whether a Rolex is investment grade. The issue is when it comes time to realize your gains will you be willing to sell off your investment? In my case no so I will lose everything, but have nice watches.

12 February 2016, 04:46 AM	#1
seand442 "TRF" Member Join Date: Apr 2007 Location: Earth Watch: 116610 Posts: 3,455	Wall St. going to hell Seeing as how the world economies all seem to be going to hell, I'm thinking now is the perfect time to tell my wife I'm investing in a Sub as opposed to stocks. After all, when has a sub ever lost value? __________________ NEVER ARGUE WITH AN IDIOT. FIRST THEY WILL DRAG YOU DOWN TO THEIR LEVEL. THEN, THEY WILL BEAT YOU WITH EXPERIENCE.

12 February 2016, 05:17 AM	#4
Etschell "TRF" Member Join Date: Dec 2013 Location: FL Watch: platinum sub Posts: 15,884	my post argued this a while back. i got out at 205ish spy . sorry if you are stuck. __________________ If you wind it, they will run. 25 or 6 to 4.

12 February 2016, 06:05 AM	#6
cdmorenot 2024 ROLEX DATEJUST41 X2 Pledge Member Join Date: Jun 2015 Real Name: Carlos Location: NNJ - MDE Watch: Rolex & Omega Posts: 3,371	I spent several thousand on a watch a few weeks ago - I've recovered the funds. If you're not shorting, you're not playing! I always give my wife the same BS story "You see this watch here, it is inflation proof" - It recently backfired and she made me buy her not one, but two. LOL __________________ 16570, 224270, 126610, 126334

12 February 2016, 06:11 AM	#7
subtona "TRF" Member Join Date: Jan 2011 Real Name: gus Location: East Coast Watch: APK & sometimes Y Posts: 25,997	as China's market seems to be in jeopardy and considering the Chinese have been such strong watch enthusiasts, i wonder if the secondary market may become saturated with supply... __________________

12 February 2016, 06:37 AM	#9
BNA/LION 2024 ROLEX DATEJUST41 Pledge Member Join Date: May 2011 Real Name: Larry Location: San Diego, CA Watch: ROLEX Posts: 25,206	I have been 60% in cash since April 2015 and Glad I am! PS- Buy the Watch! Pick up deals on stocks! __________________ ✦ 28238 President DD 18K/YG ✦ 16610LN SS Sub ✦ 16613 18K/SS Serti ✦ 16550 Exp II Non-Rail Cream Dial ✦ Daytona C 116500 ✦ 126710 BLRO GMT-Master II ✦ NEXT-->? ⛳ Hole In One! 10/3/19 DMCC 5th hole, par 3, 168 yards w/ 4-Iron.

12 February 2016, 04:52 AM	#2
swils8610 2024 ROLEX DATEJUST41 Pledge Member Join Date: Sep 2012 Real Name: shannon Location: usa Posts: 8,993	Lol. Good advice!! Do you think your wife buy it? Lol.

12 February 2016, 04:56 AM	#3
VaRobot "TRF" Member Join Date: Oct 2015 Real Name: John Location: I'm Done Watch: Mark IV Red Sub Posts: 854	Hard to argue at the moment. The money I put into stocks right now, seems to be worth less the following month. My hope is that I am buying at fire sale prices and will be rewarded "sometime" in the future.

12 February 2016, 05:39 AM	#5
rod727 "TRF" Member Join Date: Nov 2014 Location: U.S Watch: Submariner 116610 Posts: 646	I did the same thing a couple of weeks ago....

12 February 2016, 09:24 AM	#11
bayerische "TRF" Member Join Date: Nov 2009 Real Name: Andreas Location: Margaritaville Watch: Smurf Posts: 19,879	Only stock I own is my own company. Glad I put some money into watches watching my friends laugh at me. Oh well. __________________ Yeah, well, you know, that's just, like, your opinion, man.

12 February 2016, 09:51 AM	#13
Tmac478 "TRF" Member Join Date: Feb 2014 Real Name: Tony Location: SF Bay Area Watch: RG Skydweller Posts: 1,469	My feeling is that this is all temporary. if you're dollar cost averaging into good companies and have a few years before retirement, this is a great time to be an investor.

12 February 2016, 10:41 AM	#15
beer "TRF" Member Join Date: May 2015 Location: Watch Dealer atm! Watch: all Posts: 2,800	i prefer to buy stocks when they are cheap, and when they are expensive, sell them for rolexes as opposed to the other way around __________________

12 February 2016, 03:11 PM	#16
skprd13 "TRF" Member Join Date: Feb 2013 Real Name: Tom Location: Kauai Watch: 1675-1680-16750 Posts: 3,346	Waiting for oil to hit $10/barrel after Iran floods the market then buy energy stocks.

12 February 2016, 07:19 PM	#18
Rock 2024 Pledge Member Join Date: Jun 2009 Real Name: Rocky Location: Australia Watch: Grail:Bluesy Posts: 17,668	It ain't just Wall Street, Brother, it's everything. __________________ Cellini 4112. Sub 14060M. DJ 16233. Rotherhams 1847 Pocket-watch. Foundation Member of 'Horologists Anonymous' "Hi, I'm Rocky, and I'm a Horologist..."

12 February 2016, 08:44 PM	#20
EE33 "TRF" Member Join Date: Feb 2010 Real Name: Des Location: China Watch: 16613 16710 116520 Posts: 2,841	If it goes downhill here in China, first go for the Bentleys, Lamborghini's, Ferrari's then the Rolex's. __________________ *TRFs "after Dark" bar and NightClub Addict* Punctuality is the courtesy shown only by Kings Dalip: "GTG posts are worthless without pics, absolutely worthless"

12 February 2016, 11:52 PM	#24
beshannon "TRF" Member Join Date: Jun 2009 Real Name: Brian Location: Northern Virginia Watch: One of Not Many Posts: 17,895	Buying hard assets with devalued currency is an interesting strategy __________________ Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Glashutte Senator Exellence, Rolex 116710 GMT Master II BLNR, Breitling Superocean Steelfish, JLC Atmos Transparent

12 February 2016, 11:53 PM	#25
Hpozzuoli Banned Join Date: Dec 2015 Real Name: Henry Location: Rhode Island Watch: Rolex Posts: 990	The problem isn't whether a Rolex is investment grade. The issue is when it comes time to realize your gains will you be willing to sell off your investment? In my case no so I will lose everything, but have nice watches.

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