Really Kinda Sad Right Now......Let Some Nice One's Go......But No Watch in Return

[gummy]

Originally Posted by Jason71

I still have PLENTY.......but I really wanted the Platinum Daytona.

2-166160LVs
2-1680 Red Subs
2-16800s
1680 white
2-1665s
WG Blue Sub (Smurf)
WG Daytona on a Strap
2-16600 SDs
16700BLRO
16710 Coke
16610
16570
116264 White TOG
14060M
5513
116400 White Milgauss
16660

And 3 vintage Tudor Subs............

I could whittle away at the above and still get it, but I started by selling the ones that were easily replaced and anything larger than 40mm

Ha...after reading this post ...yes 100% you made the right move and your thinking is 100% spot on...you moved some easy to replace pieces and held on to the STUNNERS.

Your Platona will be on your wrist shortly!

[Ragna]

Bad decision.

Buy the Daytona now.

Life is what happens while you make plans.

I dont know if thats what you wanted to hear though. Sorry. Dont shoot me.

You also have a good collection still. Sell some and get Platona.

Live now.

Ticktock..

[VICI]

Good luck on the venture.

Friend or not, make sure everything checks out ongoing.

[Jason71]

Originally Posted by KenKun

Haha, I think that you will survive

Gonna tease you with mine tho...

That's the one my friend.

[Jason71]

Originally Posted by Dilinger

Smart move,

But -forgive me for being indiscreet- if you have the financial capacity to buy such a watch, couldn't you do the investment of 100.000 usd at the same time?

I could, but generally speaking I consider myself a fairly conservative financier. I don't want too many irons in the fire at once and overextend my resources.

[Joearch]

Worth taking the risk if you know it is never a sure thing. A Platona can always be had in the future.

[ming the merciless]

Originally Posted by breitlings

If you get ROI it is good but that's not always a given, especially in start ups when I hear "great ROI" I run because really as an angel you're looking for a multiple of your money usually 5x or 10x. If you don't have that possibility then the risks often outweigh the rewards. I really don't understand this particular deal or the exit strategy but "great ROI" raises red flags.

A good friend of mine got stung for a similar sum recently. The guy he invested his money with got four years in jail.

The guy was in a robbing Peter to pay Paul Ponzi style scheme. When the story came out he had a pretty big gambling addiction.

My friend had known the guy for years, went to each other's weddings etc. For a year or two everything was rosy then the cheques came late and all of a sudden stopped all together.

My pal was lucky he could take the loss. Other people lost the lot. One person had invested the whole sum she received as compensation for a serious industrial accident. The other investors got about 2 pence in the pound back.

[Shichinin]

If I were you, I would make the same move which is the smarter one imo. Hopefuly your investment will return with profit and you will eventualy end up with a platona. Even you let some nice pieces go, you still have enough to live on at least for a while. Cheers

[Gaijin]

Jason. You made the right decision. As painful as this is to say its always better to take care of business than buy a Rolex.


You'll have that Platona in no time.

[1William]

Without understanding your financial position in terms of salary and investments it is just speculation on if this was a good move or not. If you want the Daytona you have the ability to move some watches in your collection and get it. No, I have to wait on the investment, before I buy. If I wanted the watch I would make the moves to make it happen. You have a nice collection but none of those watches cannot be replaced. I would clean it up and move the duplicates and the PM Daytona. If, when you get the Daytona you want something back it will be easier as you can find it at a lower price point than the Platinum Daytona. If you want the Daytona, make it happen. If you don't want to part with some of your collection just be good with it and wait. Your choice.

[lapince]

Watches are a great hobby or addiction, but making a very good investment is clearly a priority, 8 months ago I had a good investment opportunity, privatize the roof over my flat to have the possibility of going from a 73 square mater flat, into a 150 square meter flat, and the privatization was for a fraction of what it was before, but at the time I had had other expenses and wasn't high on cash, so for this I let go of my beloved Patek 5712, I missed it dearly every day it was gone, not joking really missed it, but knew it was the right decision, and 1 month ago got a great deal on a BNIB that I had to go get in Switzerland, so all in all I let go a piece I LOVED for an investment, it was hard for 7 months but now I got it back.
You'll get your Platona one day, don't worry

[Racerdj]

You definitely made the correct decision. When some time passes, you will have a great investment and money to buy again what you like!

[playmore009]

Still an awesome collection. When you get your watch, it will be even sweeter.


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[mtgjr]

Originally Posted by Racerdj

You definitely made the correct decision. When some time passes, you will have a great investment and money to buy again what you like!

Can I please borrow your crystal ball? Seems they hand them out to people when they join this forum. Somehow, I didn't get mine.

[AK797]

Originally Posted by mtgjr

Can I please borrow your crystal ball? Seems they hand them out to people when they join this forum. Somehow, I didn't get mine.

We are ofc just assuming the ROI works out as Jason hopes as he did not explain it in detail or ask our comments on the validity of it. Plus on seeing his collection we can also assume that even if the investment goes wrong he can cover it.

I would also sell a few duplicates and WGs and get the Platona. I am also of the live today school.

[fungo]

Honestly, given the choice, i would have done the same. Would rather invest in something w great potential return than a grail watch. Use the return to then buy the watch.

[fskywalker]

Originally Posted by AK797

I would also sell a few duplicates and WGs and get the Platona. I am also of the live today school.

X2

Jason: I don't know how easy would be to source that particular platona model (which seems to be less popular than the one without precious stone hour markers) used, but that is something you might consider?

Assuming they are indeed available on the used market, I think if you sell the WG Daytona, the TOG, Smurf (all easy replaceable) and perhaps some of the duplicate pieces you own you could get your platona now; if the business venture suceeds then re-buy some of those pieces later.



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[lhanddds]

Originally Posted by 1William

Without understanding your financial position in terms of salary and investments it is just speculation on if this was a good move or not. If you want the Daytona you have the ability to move some watches in your collection and get it. No, I have to wait on the investment, before I buy. If I wanted the watch I would make the moves to make it happen. You have a nice collection but none of those watches cannot be replaced. I would clean it up and move the duplicates and the PM Daytona. If, when you get the Daytona you want something back it will be easier as you can find it at a lower price point than the Platinum Daytona. If you want the Daytona, make it happen. If you don't want to part with some of your collection just be good with it and wait. Your choice.

X2, luxury items are never more important than taking care of business. At some point in your life you might look at simplifying. That would free up some serious funds. It may give you a good feeling to have this number of watches tucked away in a safe or maybe not. Obviously, you can make it happen whenever you want.

[OmegaJJH]

Good luck to you.

I think that Platona purchase will be all the more special when you finally achieve it down the road.

I think we need to see a group shot of your amazing collection....

[Dilinger]

Originally Posted by Jason71

I could, but generally speaking I consider myself a fairly conservative financier. I don't want too many irons in the fire at once and overextend my resources.

Then you sure made the right decision!
Soon..

[RichM]

The watch can wait. You made the right move. Good luck with your business venture.

[masyv6]

Originally Posted by Danny83

I think your on the right track, soon you will be bumping up this thread with your grail

x2. The Platona is incoming is delayed...not cancelled

[Watch Rob]

You are fortunate to have 100k to invest. No complaints allowed!

[mmbiker]

Is the right call.

I give up my omega seamaster (expensive to me at the time) to use the money to get marry and never regret it.

I later when from seamaster to Subc. You can't really go up from platonia as it is already the best... I suppose you can find a vintage Daytona to go up from a platonia ;)


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[d1ce]

Originally Posted by Jason71

Did I make the right decision??

Let me put it this way: you have invested in a business that is EXPECTED to generate returns. I'm not sure how you guys structured the financing terms (equity contribution for shares, dividend payout ratios, if financial debt involved etc.), but it all comes down whether the business will yiels profit. Even if it does not generate profits, you're max. loss is capped at 100k (I assume), but you do have the uncapped upside, if the business goes well. Now, id you would just have bought the watch, well, that's it, you'd "just" got the watch. So forget the watch and you better keep a close eye on how the business is developping.



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[kilyung]

I would have gotten the platona.

[Jason71]

Originally Posted by kilyung

I would have gotten the platona.

Gosh Mike.........NOW you tell me.