Rolex as an asset or not

[padi56]

Think some of you guys should remember this, the most precious asset we have in today's world is life, yet it has absolutely no trade-in value not even for a Rolex..

[DonRickles]

Originally Posted by padi56

Think some of you guys should remember this, the most precious asset we have in today's world is life, yet it has absolutely no trade-in value not even for a Rolex..

Here, here!

And, it's appreciating, every second!

[SkyJuice]

Originally Posted by padi56

Think some of you guys should remember this, the most precious asset we have in today's world is life, yet it has absolutely no trade-in value not even for a Rolex..

+1 Well said!

[Tavli3]

It's an asset, period. Certain collector pieces are an investment, you can argue as to how good an investment it is but you can make that argument for a lot of alternate investments including a lot of real estate.

Rolex is like currency, you can walk into just about any place that deals in jewelry or watches and walk out with cash. That makes it an asset.

It's also an asset as one writer said, what would you rather have in a third world country where war or revolution has just broke out and you're trying to get the last seat on the last plane out and there's a big mean looking guy with a machine gun between you and that seat. Would you rather have a Rolex to trade with or a suitcase full of Zimbabwe type dollars??
Rolex for the win and asset classification.

[Robf52]

As background, I am almost 70 years old and plan to live to 100 ; after many years of admiring watches in general and Rolex in particular, I was bitten by the Rolex bug late last year. In that span I've been able to develop a nice relationship with my AD and have bought my growing collection thru them. I've bought all my watches with no intent to flip or sell. I wear them all and think of them as works of art and genius, and know they will all outlive me. I consider them assets and a store of value. I justify, mostly to my wife, their purchase as "portfolio diversification", as something that will hold value over time, pun intended. My watches give me daily pleasure in their wearing, and satisfaction of a purchase well made. I'd say both asset and investment.

[ROLEXster]

Rolex as asset : Yes
As Investment : not really, there are better ways

I wanted to buy a 126710 BLRO.
But no ADs would sell me one.
So, ended up using that money to buy some Apple Stocks
I have to thank ADs for not selling me the BLRO.
I can now buy a 116500 instead.
.
.
.

[azs.77]

Short of being a multi-billionaire, I believe most would at least subconsciously include it in their assets.


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[Sublovin]

I would venture to say that anyone who views these purely as an investment is only trying to justify their purchase because they can’t truly afford them.

There are many better, and much more sound investment strategies. This is a hobby, and these are toys for people who can afford them.

[jbwatchco7]

I see them as an asset but not an investment. I do calculate them in my net worth, but I do not expect them to rise over time, and usually calculate a conservative number (ex I list the Daytona at $15K MSRP not 25K Market Value). I know some of the watches I will sell/trade overtime as my journey continues, and if an emergency happened I could sell these just as quickly as I could liquidate my stocks.

[ap1]

Originally Posted by TswaneNguni

An investment for the soul .

[TswaneNguni]

Originally Posted by azs.77

Short of being a multi-billionaire, I believe most would at least subconsciously include it in their assets.

I am very short .

[dnpina]

Another 17 month old thread revived. Glad I looked at the date stamp of the original post before I replied "this again?".

It's such a "gotcha moment".

Happy New Year TRF

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[EEpro]

Yes it's an asset. No it is not a good investment with the exception of a few cases.

[Harry-57]

Originally Posted by HK852GMT

My apologies if this conversation has been had before, i have searched and looked back a couple of months but nothing sprang out.

Not surprising. This topic never comes up!

In answer to your question: No. Not an investment.

[Michael T]

It is a hobby that has an asset that may go up or down. The insurance runs about 1.5% per year and there is the opportunity cost of not having the money in a financial investment. I view it as a hobby that doesn’t cost a lot. Think of hobbies like golf, now that is an expense 100%.

[NYG1121]

They are an asset because if you build a collection it can add up fast. I dont expect returns though and consider myself lucky to break even in case of an emergency

[iTreelex]

Watches are just things. Never investments. The romantic idea of it it ludicrous. Also close this thread lol

[hgb4529]

I run a family office and we keep all our passion investments on the books. Watches fall into this category of assets.

[soxfan39]

Anything that can be resold for a monetary gain or loss is an asset.

[chloebear]

I don’t buy watches as investments, but I do list them as an asset. For example, I bought an Explorer the other day. When I got home I added the debt of $6,550 as a short term debt. Then I logged it as an asset of $8,000. So my net worth went up $1,450 that day. I’ll do the same when I buy my Cellini, only I’ll be a little negative on that one.



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[Malum]

Originally Posted by HogwldFLTR

Frankly if something has value and you own it then it's an asset. Simple as that!!!

Exactly.