Is rolex a good investment....here is the answer

[dcash0615]

Quote:
Originally Posted by Rockrolex
As has been said before, "The quickest way to make $1,000,000 buying and selling watches is to start with $2,000,000."

Originally Posted by brandrea

very well said

You mean the quckest way to lose $1,000,000??

[EEParker]

When I buy a piece my hope is that it retains its value, and maybe if I'm lucky becomes more valuable the longer I hold onto it. But I can't see buying a watch solely as an investment, with no plans to ever wear it. For me the joy of collecting is getting to actually use the watch- wearing it, studying the movements, using the complications. That's what makes watches so special, and so valuable.

There are safer ways to invest if the only goal is financial.

[Rockrolex]

Originally Posted by dcash0615

Quote:
Originally Posted by Rockrolex
As has been said before, "The quickest way to make $1,000,000 buying and selling watches is to start with $2,000,000."




You mean the quckest way to lose $1,000,000??

Whichever way you want to look at it, the result is the same.

[Micha]

Originally Posted by EEParker

When I buy a piece my hope is that it retains its value, and maybe if I'm lucky becomes more valuable the longer I hold onto it. But I can't see buying a watch solely as an investment, with no plans to ever wear it. For me the joy of collecting is getting to actually use the watch- wearing it, studying the movements, using the complications. That's what makes watches so special, and so valuable.

There are safer ways to invest if the only goal is financial.

x2...but there are also a lot less safe ways to invest. Just depends on your definition of investment and your defined goals. I personally consider my collection as part of my investment portfolio, diversification should be part of any investment strategy, right? Lots of added benefits too, since you can't wear stocks, bonds or gold bars...

[Comex 1665]

My dad paid £175 for his 1665 Comex it's now worth $80k :)
P

[steptoe]

Originally Posted by Comex 1665

My dad paid £175 for his 1665 Comex it's now worth $80k :)
P

Which proves watches are just like stocks and shares... There is no "catch all" good single investment.
Buy the right ones at the right price and they're a good investement.
Buy the wrong ones, and at the wrong price and they're a bad investment.

And you can even buy the wrong ones, but at the right price and they'll still work for you, or the good ones at the wrong price and you'll get burnt.

Same as it ever was.

[iamSamiam]

There is a certain point where you should buy to give your self a little better appreciation....that's terminal value. Check out this great article. http://www.sixfiginvestor.com/invest-in-goldbuy-a-rolex

[garymyman]

Originally Posted by bdex75

As long as my wife doesn't sell them for what I told her I paid for them after I die, it will all be ok!!

This might be my favorite post on this whole website.