Help - Dad to Be, What to do with Rolex?

[jfmiii]

Sell it and put it in a 529 or a Roth IRA for your child. That account will be worth much much more in 20 years than a mass produced watch.

[Car32]

Whichever you watch you want to hand down, whether its your daily, the NIB, or a new Rolex you buy as a birth year watch, make sure you’re wearing it on the day the baby is born. Take a picture with you, the watch and the baby, and bust that picture out when you give it to your childe in 18-35 years.

And before that, make sure to wear that watch plenty including for important milestones in the child’s life, so he/she associates that watch with “dad’s watch”.

My second will be getting a black birth year Daytona C with that picture many years from now, and I can’t wait!

[Todd Turbo S]

Having just finished fully supporting 4 kids through College, 3 undergrad and one masters, the money your watch can earn in a 529 account, just might cover 1 year of college 18 years from now....something to think about.

Beatiful watch.

[ryansoulsit]

Originally Posted by illiguy

Thanks, everyone, for the well-wishes and suggestions. Given that I don’t have a “need” to sell to properly fund the 529, I’ll choose to hold. Just seems like the 14060M will be be harder to acquire in like state if it ever were to sing to me again in the future.

Time Value of Rolex (TVR) > Time Value of Money (TVM).

Great idea.

Is anyone know what OP is talking about this sentence? "If I sell, I’m thinking I can put a nice little deposit into a 529."

I didn't get this joke

[csaltphoto]

Well, on Chrono 24 there is exactly one NOS 14060M for sale in the US. If you want a daily wearer, I would sell the the one you have, buy a used one to wear (for about half of what that will sell for) and invest the rest. A used one will work just as well. Unless you are a watch in the safe sort of person. But you also have to keep in mind a very particular buyer is looking for an NOS. It could take awhile to sell unless you go under market. (IE less than 10K)

[RtTime]

Congratulations and welcome back. If you don't need the money for the 529, why don't you just hold on to the Submariner 14060M for now? Sell it later on because its value continues to increase...but its value in two decades will not out perform the equities. If you aren't going to wear, when the time is right sell it i.e., buy low and sell high. As for leaving the Submariner to your child who knows what the future will hold for watches? The majority of the younger generation use their cellphones and do not wear watches. So only time will tell whether the next generation will appreciate inheriting any Rolex.

[lamnyc]

If you don’t wear it sell it. Who knows what the watch market will be in eighteen years. Most kids I know don’t wear watches.

[aboutadog]

Save it for the kiddo. The look on his or her face when you hand it over will be priceless.


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[johnny.tran1]

hold it for future value