Buying a New Rolex or Investing Money for 6 Month to 1 Year?

[krattzz]

Hey all, what do you think about taking the funds I have and investing in beaten down stocks like PRU (High of $104 this year and now trading around $29, was $13 last month).

What would you do if you had an extra $7k sitting around, buy a Rolex or invest and then cash out in 6 months to 1 year and get a free one? Also, what stocks would you jump in at these levels? Ford, GM, etc.?

Happy Holidays,

Mark

[jas55]

I bought my first Rolex just this week, and Explorer 2 for $7700 (Australian Dollars). It would probably have been a wiser move to have kept the cash in a high interest savings account for a year or so. However if you really want a Rolex, they will only keep raising their prices, so you may as well get one sooner, rather than later.

[cody p]

i know i wouldn't buy a rolex right now if i didn't need one. as for stocks, i'm not a broker.

[hsr86]

stay away from Ford and GM unless you are a day trader, its just too much of a gamble for me, we do not know what will happen to the automakers or shareholders at this point. Take a look at PBR, CF, RIO, JNJ, CSCO, GE, and POT for a buy and hold. I am no expert, just some things I look at.

[swissautopro]

Originally Posted by HankParker

stay away from Ford and GM unless you are a day trader, its just too much of a gamble for me, we do not know what will happen to the automakers or shareholders at this point. Take a look at PBR, CF, RIO, JNJ, CSCO, GE, and POT for a buy and hold. I am no expert, just some things I look at.

Hank,

Are you "the" Hank Parker - Bass Master Classic champion?

[Nica64]

Originally Posted by jas55

I bought my first Rolex just this week, and Explorer 2 for $7700 (Australian Dollars). It would probably have been a wiser move to have kept the cash in a high interest savings account for a year or so. However if you really want a Rolex, they will only keep raising their prices, so you may as well get one sooner, rather than later.

Now is the time, price increase is coming , can you imagine another 10-15%

[Bisquitlips]

I am seriously considering taking some funds and picking up a couple of pre-loved Rolex's. I will wait 2-3 months and see how things go. Should be a buyers market and good opportunity!

[red wrx]

In the long run, it might be a good idea, but 6 to 12 months wont take your stocks near to where they were 1 or 2 years ago.

It is probably better to get a loan of your 401K now and repay it within one yr. You wont loose any money, compare to loaning from a 401k on a healthy economy.

[CPCC]

Stocks are bogus. They go up or down without any rhyme or reason. Brokers preached CD's are for granny's. The market will always outperform. Yeah for the broker who takes your money.
Buy a rolex, you can always sell it for something, if not, you can wear it forever.

[Frost]

It seems to me that you should buy a Rolex because you want one for what it is, not for its potential investment value. If you have the cash spare but want to do something productive with it put it in a bank or buy gold or give it to charity. A Rolex is primarily for enjoyment.

[milspec]

Originally Posted by Frost

It seems to me that you should buy a Rolex because you want one for what it is, not for its potential investment value. If you have the cash spare but want to do something productive with it put it in a bank or buy gold or give it to charity. A Rolex is primarily for enjoyment.

Buy gold, yes .... but put it in a bank and get a measley 4%???? No way ...and Charity??? ha ha ha .... those bastids waste more money than you think .... for every dollar spent on charity, 18cents go to the cause and 82 cents go for overhead and expenses ... most charities are scumbag ripoffs.... I never donate to charity because of these reasons ....but many many times I have been approached by homeless people outside of mcdonalds or burgerking and I have bought them food to their heart's content...I see my $$ is not wasted and I get immediate fedback in knowing it helped someone .... I feel better doing that than donating my hard earned $$ to some organization ...

[Saxon007]

Originally Posted by swissautopro

Hank,

Are you "the" Hank Parker - Bass Master Classic champion?

lol, that was the first thing that came to my mind.

[ArizonaHD]

If you are seriously considering a Rolex over an investment you have already lost. Look a Rolex is a luxury good, many people are divesting themselves of luxury items for necessities. Companies that are strong GIS, RJR, PG, K, PM,ADM, GLW, WMT, USG, Personally I like UNH (United Health Care) in the long term. Generally Insurance companies are a good investment, but not so for AIG look at how many big names have fallen BIG, Merril, Bear,Lehman, WaMu, Wachovia (they were a sham since First Union). GM Ford they are a joke, they both produce cars that people don't want. They have a product that has to be sold with insentives, their whole North American lines need to be revamped, there are issues that people consider like resale something the domestics cannot deliver and the Japanese can. GM is lukewarm on the Volt, do you REALLY think that oil will not be an issue again??? By the time it is, they will be tooled up to make more junk. The US with no socalized medicine and the UAW is NOT a place to manufacture cars or anything, if the UAW and its pensions dont kill you, healthcare, benefits, other legacy cost will, and I did not even start on OSHA, EPA and all the other goverment agencies that want to save the habitat of the spotted cockroach or the animal of the week.

If you want to invest look at items people need (not Pharma...yet) No way other stocks will see significant gains until the economy picks up.

If you want a luxury item buy krugerrands, Maples, Liberty, Buffalos, Pandas or other bars, at least it is a store of value. Gold may hit $1,400 but should not drop below $600.

[dcash0615]

If you are really depending on these funds to finance your Rolex purchase, I would not put the money in the stock market. You may not get it back in 6 months or a year or even every depending on what stock or stocks you buy. The market is not trading rationally or on fundamentals. Everything looks cheap and may be right now, but who knows. People were saying stocks were cheap 6 months ago and look what has happened since then. If you do not know what you are doing, you will most likely lose that money and will be forced to purchase your next watch at your local sporting goods store.

Originally Posted by krattzz

Hey all, what do you think about taking the funds I have and investing in beaten down stocks like PRU (High of $104 this year and now trading around $29, was $13 last month).

What would you do if you had an extra $7k sitting around, buy a Rolex or invest and then cash out in 6 months to 1 year and get a free one? Also, what stocks would you jump in at these levels? Ford, GM, etc.?

Happy Holidays,

Mark

[krattzz]

Thanks for the comments. I've heard some AD offering 20% off new or old stock and if so please IM me thier names. Happy Holidays to all! Mark

[Rolexitis]

It's a buyer's market right now....in my AD for sure. They are offering 20% WITHOUT ASKING.

[BTSinAustin]

My 2 cents. The only place I know of now to get decent returns is energy. Not stocks but actual mineral rights on producing oil and gas property. I am in the business and invest in several funds as well as directly in deals. I would much rather turn 10k into 200 to 250 a month in cash flow than spend it on a watch right now.

[dcmachead]

Originally Posted by krattzz

What would you do if you had an extra $7k sitting around, buy a Rolex or invest and then cash out in 6 months to 1 year and get a free one? Also, what stocks would you jump in at these levels? Ford, GM, etc.?

Dissecting the problem, we know Rolex raises its prices ~10% per year, so you're trying to find a stock that's going to go up more than 10% per year. I'd say shoot for a greater than 10% discount from your AD today and GET IT NOW! :)
:c heers:

[camica]

ROLEX = you enjoy success every day
stocks = you enjoy success maybe some other day

[wantonebad]

I wouldn't invest radomly because there are percieved values out there. You need to do more research than just looking for what guru's call bargins. Short term stay out of the market, longterm do your homework, JMHO