Is a Rolex an Investment?

[slillestrand]

If you buy vintage or any stainless steel Daytona .... for sure it could hold or increase in value. However, if you are looking for investment I would advise you to buy real estate or put your money in the market.

[Csu87]

its an investment, just not a good one.

[yessir69]

No.

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[mjclark32]

No. But, it's not like lighting money on fire either

[ras47]

It’s an investment all right. Usually a bad one.

[watchwatcher]

[superdog]

It is whatever you want it to be.

As far as investments go, it has been a horrible one for me.

Literally horrible.

[jets]

If you buy right it's like parking your money.

[masyv6]

Generally speaking, no.

[Chadridv]

investment? no. but if you buy right it will not be a liability.

Most of the watches I've purchased in the past 3 years have appreciate, despite being used. Are there better ways to "invest" money? Of course. But I don't think I'm losing money at the moment.

I love when my boating friends look at me funny when they find out how much my watches cost. Then I ask how much they paid for there boat and how much is it worth today? Then I ask how much does it cost to keep and enjoy the boat? haha.

All I'm saying that, as far as hobbies go, it's a great way to have fun and as Mario said "park your money".

[Yousefsl]

Originally Posted by Chadridv

investment? no. but if you buy right it will not be a liability.

Most of the watches I've purchased in the past 3 years have appreciate, despite being used. Are there better ways to "invest" money? Of course. But I don't think I'm losing money at the moment.

I love when my boating friends look at me funny when they find out how much my watches cost. Then I ask how much they paid for there boat and how much is it worth today? Then I ask how much does it cost to keep and enjoy the boat? haha.

All I'm saying that, as far as hobbies go, it's a great way to have fun and as Mario said "park your money".

x2 Same goes with car lovers.

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[BigBlue1]

Originally Posted by Chadridv

investment? no. but if you buy right it will not be a liability.

Most of the watches I've purchased in the past 3 years have appreciate, despite being used. Are there better ways to "invest" money? Of course. But I don't think I'm losing money at the moment.

I love when my boating friends look at me funny when they find out how much my watches cost. Then I ask how much they paid for there boat and how much is it worth today? Then I ask how much does it cost to keep and enjoy the boat? haha.

All I'm saying that, as far as hobbies go, it's a great way to have fun and as Mario said "park your money".

[00Seven]

Originally Posted by Chadridv

investment? no. but if you buy right it will not be a liability.

Most of the watches I've purchased in the past 3 years have appreciate, despite being used. Are there better ways to "invest" money? Of course. But I don't think I'm losing money at the moment.

I love when my boating friends look at me funny when they find out how much my watches cost. Then I ask how much they paid for there boat and how much is it worth today? Then I ask how much does it cost to keep and enjoy the boat? haha.

All I'm saying that, as far as hobbies go, it's a great way to have fun and as Mario said "park your money".

Agreed!

[Yousefsl]

One way of looking at a Rolex is like gold, if you where to purchase a Rolex Submariner and let's say in 10 years time the value of your countries currency plummeted, if that money had been in the bank you would have lost money but as the Rolex will still be worth what you paid for you could easily sell it and get almost the same value as what you paid for it originally.

I'm very bad at explaining things sorry, sounds better in my head.

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[sun-dail]

For me it's just a jewelry like a wedding ring

[Tangier11]

It depends on what you mean by investment. If you buy right and keep for the long term you will likely not lose much money, maybe even make a couple of bucks, but if you are looking to buy one strictly to make money the answer is NO!

[AK797]

No, you can still lose far more in the stockmarket.

[101031-28]

I started collecting 'professional' Rolex watches 30 years ago, I was 17 when I saw my uncle wearing a Ref 15000 DJ with silver stick markers dial. I was immediately drawn in by the simplicity and clean lines of the design. Bought books on the history of Rolex and fell in love with the brand. Investment was definitely not the reason behind it for me back then (or now for that matter) but my watches (I am referring to Daytona, GMT, Sea-Dweller and Submariner models) have ALL appreciated substantially over time. And that is a huge plus

[Coop13]

No. And parking your money means you're losing by the way... Even a new steel Daytona is a poor investment. Put $12,400 into a mutual fund for a couple decades and compare that to whatever the increased market value of the steel Daytona is in that same amount of time. It won't even be close. I'm talking about the 116500, not a rare Paul Newman.

Now if you want to say that it's a great way to enjoy something and not lose money with, that can be true depending on how you purchase a watch and the model purchased.
But, then if you look at the opportunity costs of that money being spent on a Rolex rather than invested the Rolex is absolutely not an investment.

Can we just lock this thread out all together? I'm new here and I totally get that people are tired of this "investment" talk. It's gotta be tiring. We're into watches because they look good and they're romantic, if they weren't then we'd just look at our stupid phones.

[jets]

Originally Posted by Coop13

No. And parking your money means you're losing by the way... Even a new steel Daytona is a poor investment. Put $12,400 into a mutual fund for a couple decades and compare that to whatever the increased market value of the steel Daytona is in that same amount of time. It won't even be close. I'm talking about the 116500, not a rare Paul Newman.

Yes, but how can a mutual fund make me look cool everyday and tell time simultaneously?

[101031-28]

Originally Posted by jets

Yes, but how can a mutual fund make me look cool everyday and tell time simultaneously?

Haha very true!

[Coop13]

Originally Posted by jets

Yes, but how can a mutual fund make me look cool everyday and tell time simultaneously?

GOOD POINT!

I'm just answering the question.

[116710er]

Originally Posted by Coop13

Put $12,400 into a mutual fund for a couple decades and compare that to whatever the increased market value of the steel Daytona is in that same amount of time. It won't even be close. I'm talking about the 116500, not a rare Paul Newman.

If I had bought a 116500 a year ago at MSRP + tax and flipped it today, percentage wise, I'd be WAY ahead my mutual funds that I've had for a lot longer. As I understand it, mutual funds aren't always highly profitable and they can fail. Plus your gains are taxable in a mutual fund. Here's some quotes I found. Please feel free comment...

"The reported investment returns for mutual funds is totally dependent upon when you start and when you need to use the money. In other words, the difference between the theory of what the individual returns can be and what are the actual results is extremely wide. Even making an assumption that you will invest in mutual funds over a 30-35 year period [which is not likely according to the data], there are entire decades that if you retire into would give dramatically lower returns like the last decade. So much of your success is determined by pure luck."

"The actual results from folks investing in mutual funds is very poor. Currently, a 1.8% return for those investing over the last 20 years. Now, critics will say unfair to look at it in the depth of a bear market, but before the bear market of 2008 started the returns were only 4.4% with a twenty year look back. The data on how large of retirement accounts people have is another signal data point and even at its peak it was less than $90,000 for the 55-64 age group. You simply can’t find any data out there that points to this being a successful investment strategy even before the 2008 bear market! When it comes to successful mutual fund investing, it is literally all theory and totally divorced from reality."

I look at my mutual funds and honestly, I think I would have been better off buying a bunch of stainless Daytonas with that money...lol. I think as with ANY sort of investment, if you decided to invest in Rolex watches, there is a risk. Like buying TT or Gold Rolex watches at MSRP + Tax...even I can tell you that that's a TERRIBLE investment. I will go as far as to say that, IMO, buying a used/mint SS Sport Rolex at a good price is better than just leaving that same cash in a checking account even if it is interest bearing in today's market. I mean you loose roughly 3% of value per year on that cash so you have to calculate that in.

For me, I'm just happy that I can enjoy a hobby where changing my mind doesn't take a huge chunk out of the money I've already put into the hobby. I've had plenty of hobbies where that's not the case.

[landroverking]

Why. Why. Why. Does this come up over and over.
Dude do a search.
But I'll help you out No. modern day Rolexes increase in value only because of small price increases.

[Uhtred59]

Better than a new diamond, not as good as actually thinking about how to grow capital.

[Xerxes77]

Yes!!!! It’s a investment in yourself!!!!
If you think at investment like a bussines with profit then maybe in nect 30 years they will appreciate but till then........you only have a good watch who don’t loose to much from initial price!!

[Etschell]

for some rolex actually is.

not in the sense that you can make a lot of money off of it.

if you buy a ss sports model below msrp history tells us it will be worth more in the future. so to me that is a good enough reason to call it an investment.

if it is a gold or PM rolex most likely, net of inflation, it will not appreciate.

[Mrcoach32]

For a very rare Rolex (Red Sub, etc), yes. Everything else, no.

[mrenvy]

If you gain something from it, it is. Not necessarily a financial gain.

[MinMay]

Ask Drew Brees :) https://sports.yahoo.com/drew-brees-...170351689.html