rolex as investment, Hmmm what does WSJ have to say?

[subtona]

Check out this recent article in wall street journal

http://mobile2.wsj.com/device/articl...googlenews_wsj

If link doesn't work find it with this search
"Wsj so you think you want to invest"

[Mephist]

That link brings me to WSJ, and searching what you says on google brings me to this thread and searching on WSJ I just find a lot of other stuff.

[Eulogy]

Originally Posted by Mephist

That link brings me to WSJ, and searching what you says on google brings me to this thread and searching on WSJ I just find a lot of other stuff.

Look for the Personal Investing section on the WSJ website.

[Grissom]

Link worked for me this morning. Thanks for posting!!

[cgjane]

cant find it.

[Grissom]

Here are two additional links in case the original link the OP posted does not work for you. Hope one of these might.

http://online.wsj.com/article/SB1000...googlenews_wsj

http://online.wsj.com/article/SB1000...307480808.html

[samarth1]

Here is the article: http://online.wsj.com/article/SB1000...want+to+invest

[77T]

Investing in hard assets requires knowledge and an eye for long-term value.

If it was a great opportunity, methinks the Oracle of Omaha would be into it.

Many TRF'ers are eminently qualified to invest and prolly have great collections that appreciate.

For me, it's more gratifying to wear and enjoy.

[Bulldurham08]

Link worked for me! Pretty cool article although as an addict, it would've been cool to see them go more in depth with Rolex information ; ) haha... In reality though, there aren't many investments that are more of a sure thing in terms of a guaranteed return nowadays...

[lhanddds]

I was actually interviewed about a year ago for a similar story by a reporter for NPR. I guess he couldn't sell it to the higher ups. I had fun talking about watches as I always do and of course, he had his own personal questions to ask.

[datejusting]

They are talking about rare watches as an investment. That would not include any current model you can buy from a Rolex a d.

[Le Chef]

Exactly. They're talking about small batch/limited editions of tourbillons and minute repeaters made by Patek and Lange, not mass market brands like Rolex or Omega.

[landroverking]

These investment watches aren't your everyday Sub.

[Steveatbath]

Wish I could get 75% back on my unused sub... Don't think it's an investment!

[Speed]

What's the gist of the article?

[Boopie]

I saw the article...it confirmed what I've been told many times, that a Rolex on the wrist can instantly convert into cash in many countries.

[Psmith]

Originally Posted by Boopie

I saw the article...it confirmed what I've been told many times, that a Rolex on the wrist can instantly convert into cash in many countries.

Imho this is something of a myth... a Rolex can be converted into cash - as can most jewellery - but how much, and from whom? I expect the reality is much less attractive than 'instant cash' sounds. In my humble experience, used watch dealers will either offer you rock bottom or (more likely) want a commission sale arrangement. Of course Rolex is an internationally recognised brand and arguably has the easiest resale of all watch brands (depending on the model), so this helps

I would like to hear from someone who has actually done this in a foreign city i.e. liquidised their watch to help in a difficult situation

[travisb]

Thanks for the link.

[Andad]

Originally Posted by Boopie

I saw the article...it confirmed what I've been told many times, that a Rolex on the wrist can instantly convert into cash in many countries.

As soon as a Roxex watch is purchased the buy price to those 'in the know' reverts to 60% of retail. Factor in a further reduction based on it now being 'used' and a further reduction based on 'actual' condition and we are fast heading towards an article that now worth 50% of retail.
The 'want' or 'availability' factor might increase the desirability of particular models and WE all know the cost of that factor.
Yes a Rolex can be converted to cash - visit any pawn shop.

[Psmith]

Originally Posted by Speed

What's the gist of the article?

Keep your money in the bank!

[HL65]

Originally Posted by directioneng

As soon as a Roxex watch is purchased the buy price to those 'in the know' reverts to 60% of retail. Factor in a further reduction based on it now being 'used' and a further reduction based on 'actual' condition and we are fast heading towards an article that now worth 50% of retail.
The 'want' or 'availability' factor might increase the desirability of particular models and WE all know the cost of that factor.
Yes a Rolex can be converted to cash - visit any pawn shop.

[datejusting]

Originally Posted by SteelerFan65

So true. They are depreciating assets and the only good reason for buying is that you want it.

[Time2time]

Originally Posted by Speed

What's the gist of the article?

Really?

Investing your cash. Interest rates are low, bricks and mortar not fairing much better. Collectables etc. keep up.

Link works fine with IPhone.

[xjeeunitx]

Thank you for the read!

[southtexas]

Originally Posted by Psmith

Imho this is something of a myth... a Rolex can be converted into cash - as can most jewellery - but how much, and from whom? I expect the reality is much less attractive than 'instant cash' sounds. In my humble experience, used watch dealers will either offer you rock bottom or (more likely) want a commission sale arrangement. Of course Rolex is an internationally recognised brand and arguably has the easiest resale of all watch brands (depending on the model), so this helps

I would like to hear from someone who has actually done this in a foreign city i.e. liquidised their watch to help in a difficult situation

I 'liquidated' my TT blue sub in Bogota, Colombia, to help in a difficult situation. It wasn't a difficult choice, though. He had a 9mm and I didn't.;)

[Psmith]

Originally Posted by southtexas

I 'liquidated' my TT blue sub in Bogota, Colombia, to help in a difficult situation. It wasn't a difficult choice, though. He had a 9mm and I didn't.;)

Good move, I would say

I guess 'instant cash' was on the perp's mind... glad you are OK

[subtona]

Originally Posted by southtexas

I 'liquidated' my TT blue sub in Bogota, Colombia, to help in a difficult situation. It wasn't a difficult choice, though. He had a 9mm and I didn't.;)

Sounds like you traded your watch for a extremely good price!
I don't think sothebys has gotten anywhere near that kind of return at their auctions!

[DJJon]

So much for all those guys who say "I don't care about the papers and the box."

[myopiccoog]

I have collected watches over for over 15 years. I actually traded in the early 2000's for a couple of years on the side to fuel my passion. You can make money on watches. There is a global market for it but you have to be extremely active to make money. Simular to a hedge fund. Some Of the comments above are spot on. It is how you buy and when you sell it that makes it an investment or not. If you don't do it full time like a trader, don't think of it as a investment. It is a consumption.

[bycrom]

It is interesting that part about a good rolex being universal currency. In 2003 I was in Astrakhan Russia needing about five thousand USD, not to go into details but it would have really, really, sucked if I could not get the cash.

I called my main bank (Wells) where I had plenty of money... nothing. Thank god for my Citibank card, they came through for me, found the closest place and called a head to get things cleared.

I guess writing that I could have flown back to Moscow, got money, and flown back, or maybe Volgograd? In any event interesting that Rolex has a universal name and worth. (Not going to travel with my original papers and boxes though :-)