“Watches for Passion Investing” - What the ultra-rich are doing...

[sgwatchguy]

...in Singapore, parking money in watches when it comes to passion investing.

https://cnaluxury.channelnewsasia.co...althy-14462254

Interesting read.

[Tavli3]

Originally Posted by sgwatchguy

...in Singapore, parking money in watches when it comes to passion investing.

https://cnaluxury.channelnewsasia.co...althy-14462254

Interesting read.

This article is about the same study done by Frank Knight where they surveyed money managers controlling 3.3T in assets of the ultra rich who consider watches as an investment the same as art wine cars etc. I guess they’re all stupid for thinking so.

Just like with any physical object you buy it can be lucrative or worthless in the future.

That’s part of the fun of the hobby who wouldn’t want the next future PN Rolex. No one knows what’ll will be but again it’s part of the fun and passion. No different than buying art from up and coming artists. Everyone wants to buy a painting from the future Warhol. Smart investors buy what they love to look at/wear and if it’s the next Warhol or whatever great if not you still have something you love. What’s wrong with that.

Maybe we should called it the purist TRF??


Sent from my iPhone using Tapatalk

[3 Putt]

As a complement to investments, the ultra-rich look for good "Stores of Value". Something that will keep their money safe, void of taxes (or at least differed) and other government regulations. It may increase or just keep up with inflation. Sometimes, this can be construed as "investments".

While similar in nature, a good store of value is not necessarily an investment. The ultra rich understand this concept well.