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janc · 16 October 2009, 05:37 AM

Hi GUYS,
Can you help me out?
My brother ,God bless him ,has £10 k sterling which he wants to invest on a watch.His view is the interest he would earn in a bank is pathetic right now so he would rather have a lovely watch ( or watches)on his wrist ,preferably rolexBUT they have to hold value in say 5 years from now.
Is this possible?
If so what would you recommend he purchase?
I have advised against gold or 2 tone also because I dont think it would suit his style but open to any suggestions please.

Brit78 · 16 October 2009, 05:39 AM

Put a few thousand quid in the bank and buy a SS Daytona. Then sell it in 5 years for what he paid for it. Insure it for theft though!

greekbum · 16 October 2009, 05:46 AM

Watches are not investments typically.But if he wants to buy a watch(s) that might hold its value he needs to buy wholesale or at depressed prices a used desirable SS sports model watch.I would say the lower or less expensive model GMT or Submariner will hold up better as opposed to higher end like daytona.

diablojota · 16 October 2009, 05:49 AM

I would say buying a watch would not be the way to make money. Not with that kind of cash... I would say that your best bet is still to invest it in some form of CD, mutual fund, or other cash investment place with lower risk, even though the returns may not be as high...

janc · 16 October 2009, 06:10 AM

I think he would be happy just as long as the value did not depreciate.He realises it would not be an investment in the true sense of the word -the price he is paying includes the acceptance of this .Are there any watches out there (perhaps bought preowned ) which would hold value?

Strut99GT · 16 October 2009, 06:27 AM

Quote:

Originally Posted by janc

I think he would be happy just as long as the value did not depreciate.He realises it would not be an investment in the true sense of the word -the price he is paying includes the acceptance of this .Are there any watches out there (perhaps bought preowned ) which would hold value?

Virtually any all-stainless steel model will hold value if bought pre-owned.

Polizeifritz · 16 October 2009, 06:42 AM

Definitely go pre-owned. Most people will say get an ss model, but I think if you go pre-owned you can get just about anything you want. I could be wrong.

rayt · 16 October 2009, 08:21 AM

watch is not an investment where you expect good financial returns. you can go to business or short term or long term bank placements if what you want is financial returns. but surely among watches Rolex is the right way to go if you want watch with stability and better resale value.lastly you buy watch because you like it and you can afford it.well thats my opinion.

mb hawaii · 16 October 2009, 08:47 AM

With that scenario, you can't really go wrong getting a SS Daytona. It's the only watch I would suggest if you're buy brand new. Or by pre-owned anything Rolex that he likes.

zlin08033 · 16 October 2009, 08:57 AM

If he can find an AD willing to do 20% off on new SS model, I don't think he'll lose any money 5 year from now.

16 October 2009, 05:37 AM	#1
janc Member Join Date: May 2008 Location: Liverpool,UK Posts: 100	investment advice urgently sought Hi GUYS, Can you help me out? My brother ,God bless him ,has £10 k sterling which he wants to invest on a watch.His view is the interest he would earn in a bank is pathetic right now so he would rather have a lovely watch ( or watches)on his wrist ,preferably rolexBUT they have to hold value in say 5 years from now. Is this possible? If so what would you recommend he purchase? I have advised against gold or 2 tone also because I dont think it would suit his style but open to any suggestions please.

16 October 2009, 05:39 AM	#2
Brit78 "TRF" Member Join Date: Dec 2008 Real Name: Tim Location: USA Posts: 1,704	Put a few thousand quid in the bank and buy a SS Daytona. Then sell it in 5 years for what he paid for it. Insure it for theft though! __________________ 118239, 16710, 16610lv

16 October 2009, 05:46 AM	#3
greekbum "TRF" Member Join Date: Apr 2007 Real Name: Nikos Location: Florida Watch: Rolex GMT 16750 Posts: 8,418	Watches are not investments typically.But if he wants to buy a watch(s) that might hold its value he needs to buy wholesale or at depressed prices a used desirable SS sports model watch.I would say the lower or less expensive model GMT or Submariner will hold up better as opposed to higher end like daytona. __________________ Follow Me On Instagram @nickgogas Original Owner ROLEX 16750 GMT Daily Wearer For Over 13,000 Days And Counting

16 October 2009, 05:49 AM	#4
diablojota "TRF" Member Join Date: Mar 2006 Real Name: Frank Location: Chattanooga, TN Watch: SS Submariner Date Posts: 4,042	I would say buying a watch would not be the way to make money. Not with that kind of cash... I would say that your best bet is still to invest it in some form of CD, mutual fund, or other cash investment place with lower risk, even though the returns may not be as high... __________________ RTFT - Read The Friggin' Thread FcB

16 October 2009, 06:10 AM	#5
janc Member Join Date: May 2008 Location: Liverpool,UK Posts: 100	I think he would be happy just as long as the value did not depreciate.He realises it would not be an investment in the true sense of the word -the price he is paying includes the acceptance of this .Are there any watches out there (perhaps bought preowned ) which would hold value?

16 October 2009, 06:42 AM	#7
Polizeifritz "TRF" Member Join Date: Oct 2009 Location: The garage Watch: SMP Posts: 145	Definitely go pre-owned. Most people will say get an ss model, but I think if you go pre-owned you can get just about anything you want. I could be wrong.

16 October 2009, 08:21 AM	#8
rayt "TRF" Member Join Date: Jan 2009 Location: Earth Watch: must be rolex Posts: 630	watch is not an investment where you expect good financial returns. you can go to business or short term or long term bank placements if what you want is financial returns. but surely among watches Rolex is the right way to go if you want watch with stability and better resale value.lastly you buy watch because you like it and you can afford it.well thats my opinion.

16 October 2009, 08:47 AM	#9
mb hawaii "TRF" Member Join Date: Jul 2009 Location: Sunny Hawaii Watch: 116528 /126715CHNR Posts: 451	With that scenario, you can't really go wrong getting a SS Daytona. It's the only watch I would suggest if you're buy brand new. Or by pre-owned anything Rolex that he likes.

16 October 2009, 08:57 AM	#10
zlin08033 "TRF" Member Join Date: Oct 2008 Location: PA Posts: 1,034	If he can find an AD willing to do 20% off on new SS model, I don't think he'll lose any money 5 year from now.

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