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31 October 2018, 09:49 AM | #31 |
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Shouldn't the conversation be limited to watches? He didn't ask for advice on how to live life.
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31 October 2018, 09:54 AM | #32 | |
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Adam, FWIW, I used to live down the road from you in Findlay. |
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31 October 2018, 09:56 AM | #33 |
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31 October 2018, 10:03 AM | #34 |
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I would like to think he is younger than 14, at that age I wouldn’t want my kid to wear any Rolex at all. But I would advise something like G-shock or used Tudor. Then again, you can’t work but have investment in stock and precious metals. I am confuse???
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31 October 2018, 10:07 AM | #35 |
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Thanks, but I wasn't joking. Assuming he is a minor, he's not legally able to enter into binding contracts, which includes transactions involving his own assets. Therefore, I'd like to know if his parents have signed off on him liquidating a portion of them to buy a luxury watch before I go advising him on what to get. That's not even taking into account my own opinion of a 13-year-old wearing a Rolex.
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31 October 2018, 10:19 AM | #36 |
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Hi neighbor. My not-financial-advice would be to put $2k in bitcoin and wait 3 years. Then you can buy a precious metal rolex. :)
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31 October 2018, 12:19 PM | #37 |
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I would look at a pre-owned breitling avenger, steelfish, aerospace, or colt. Maybe even a used 1990s chronomat would be very nice. In Rolex there may be a 1990s or 1980s DJ that would be close to 2k in a private sale, but you'd need some expertise to ensure it was a good watch (all correct rolex parts etc). Maybe an Oyster Quartz or an early air king?
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31 October 2018, 12:20 PM | #38 |
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'borrow' 5000USD from the parents
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31 October 2018, 12:26 PM | #39 |
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My suggestion, look at something you can wear all the time. Probably needs to be modern and to fit in your budget, not Rolex. The worst thing to do would be buying something you can’t wear all the time or can’t afford to service.
If i were you i would save more and buy the Rolex you want. Even if it takes a few years. Or, look at a Hamilton. You can get an omega 2254.50 in your budget and that would be a phenomenal first watch. Sent from my iPhone using Tapatalk |
31 October 2018, 12:47 PM | #40 |
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I take that back. Get a Casio
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31 October 2018, 12:49 PM | #41 | |
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Thanks for being a voice of reason! Sent from my iPhone using Tapatalk Pro |
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31 October 2018, 01:16 PM | #42 |
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Lol this is much more risky than "investing" $2K in a watch. Save up and buy what you want, if you've got investments and want to buy yourself something go for it. Most of the people on here don't even have the financial discipline they are preaching. A watch is not something completely illiquid, a Rolex is a much safer investment than BTC, and at 16 my friends were blowing money on car parts that were nearly worthless after being installed. Is there any other hobby besides investing you could possibly be spending money on at that age that is less risky? I blew a ton of money on baseball cards as a kid growing up, I have thousands that are pretty much worthless now. Pretty much every other hobby will be riskier or guaranteed to depreciate faster.
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31 October 2018, 02:18 PM | #43 |
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31 October 2018, 02:45 PM | #44 |
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https://www.bobswatches.com/preowned...ess-steel.html
the good thing is you walk away with 5 dollars change
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31 October 2018, 04:34 PM | #45 |
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If I were you I’d save up and get a job with steady income to increase the watch fund. No harm in being patient and all in the right time.
That said, when I was applying for my first job as a working student, I borrowed my Dad’s old timex to keep time and not be late for the interview and job. I had 4 years under my working belt before I could afford a decent watch. I prioritised first looking well dressed and fed to get myself up in the working world. You could borrow a relatives watch or if you need to buy one, go for a Seiko or Swatch or Timex. Sent from my iPhone using Tapatalk
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31 October 2018, 04:40 PM | #46 |
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Vintage Datejust.
Not sure why OP wants a watch when food should be his first priority as he's unemployed. |
31 October 2018, 07:55 PM | #47 |
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A vintage Rolex Precision 6694, manual wind, a wonderful watch! Is more or less 2K, anf is an oyster case.
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31 October 2018, 08:07 PM | #48 |
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Do not be in a haste, you could actually save up a little bit, so you can purchase a classic rolex watch.
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31 October 2018, 11:49 PM | #49 |
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I started my watch journey with an Omega Seamaster quartz at a great price, had a few MKii's and a few other brands before selling it all and moving into an older Sea Dweller. Take your time and realize the watch game is a marathon not a sprint. Plenty of sub 2k options that are NICE watches that you won't take a huge bath on when trading down the road. OR simply wait (likely not the answer you want to hear) and save up for the piece that you really desire. MY .02
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1 November 2018, 12:51 AM | #50 |
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If you are old enough to buy stocks you can get a job, age is 18 in most states IIRC.
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1 November 2018, 01:30 AM | #51 |
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OP, how are you purchasing stocks and yet not old enough to get a job? And in answer to your post, wait until you have enough cash to purchase something that's worth your time.
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1 November 2018, 01:34 AM | #52 |
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Can't you work in a grocery store, restaurant, etc? I started doing those types of jobs at age 14.
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1 November 2018, 01:42 AM | #53 |
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Hey Adam, wow you sound like a super ambitious youngster. Good on you for making some sound investments at your age; most folks aren't of that mindset until later in life so that really shows strategic thinking. If I were in your shoes, I would try to continue that momentum of strategy and keep putting money away into stocks - maybe a medium risk fund - rather than get a Rolex, which can come later. Keep making those sound financial decisions which will pay off in the long term. Sounds like you're well on your way to financial freedom; perhaps don't let a luxury good be a hurdle to that.
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1 November 2018, 03:13 AM | #54 |
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Best advice I could give you OP, is wait until have saved enough for what you *really* want. I certainly wouldn’t be cashing any long term stocks in to buy a depreciating asset. The sole exception being if you had the means to replace them in the very near future when you can consider it a short term de facto loan to yourself from your savings pot.
Assume the savings are held in trust or are an inheritance ?
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1 November 2018, 03:17 AM | #55 |
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1 November 2018, 03:23 AM | #56 |
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I worked picking rocks, pulling mustard, bailing hay and cutting wood before I was 14. I also babysat on weekends. Once I turned 16, I umpired girl's softball and flipped burgers. You can get jobs and make money at a young age.
I say all of this, not as your parent, but just as someone who can appreciate money that you clearly got from your parents or relatives, which you cannot possibly appreciate until you work to earn real dollars (and not a lot at a time). When you bail hay all day for $4/hr (back then) for the local farmer, and think about how long you would have to do that to earn $2k, you start to think more about what you purchase. |
1 November 2018, 03:38 AM | #57 |
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Under 2k would be hard. maybe a vintage 1500 date but I think even those are over 2k. Go with a Tudor
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1 November 2018, 04:21 AM | #58 |
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You aren't going to find any decent Rolex in the $2K range. If you like watches as a young teenager, buy a Seiko Divers SKX series watch. My mom bought me one when I was 16 years old and I loved it. Wore it almost every day until my first son was born when I was 30. Had the watch overhauled and now that 20 year old son wears it.
You don't need to sport a Rolex to be a "watch guy".
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1 November 2018, 04:30 AM | #59 |
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Quote:
https://www.rolexforums.com/showthre...highlight=6694 |
1 November 2018, 04:54 AM | #60 |
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May I ask how old are you? You can find a nice preowned Tag Heuer Aquaracer quartz for under $1000.00
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16233 Y Serial Datejust 16610 Z Serial Submariner 214270 Explorer 114300 Oyster Perpetual 76200 Tudor Date+Day |
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