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23 April 2018, 04:11 AM | #1 |
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If you spend $10,000(investing discussion) or more...
Are you ok with losing 30%, 50%?
Do you want to see value retention? A modest increase in value? The idea that individuals would spend vast sums of cash and have zero concern regarding how stable the value of that item is over the years is absurd. The new reality is luxury watches is an investment that should be managed as such. Yes it’s not a true return type of investment but if I have a $100,000 watch collection I’m going to assemble pieces that retain and gain value. That’s just a simple reality of 2018 and forward. |
23 April 2018, 04:18 AM | #2 |
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Sounds like a "new reality" for you.
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23 April 2018, 04:19 AM | #3 |
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23 April 2018, 04:21 AM | #4 |
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If I am investing 10K, I keep my stops set at 10% down for average beta equities. Averaging down is a viable strategy if I intend to hold for a longer period. Any position with that amount of capital should be at least a round lot of 100 shares.
Trades usually stay on for a few weeks to a few months. Long term holds could be years with a goal of at least a double minus dividends and splits. Oh . . . you were talking about jewelry.
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23 April 2018, 04:21 AM | #5 |
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Not really looking for increase, but would be nice to retain value. If I can enjoy the watch for a while and get back what I’ve put into it I’m satisfied.
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23 April 2018, 04:23 AM | #6 |
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That’s managing your investment which I would think most sane individuals would find pretty obvious and standard.
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23 April 2018, 04:23 AM | #7 |
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Current popular or discontinued popular SS pieces from Rolex are the way to go. PP also. Some limited edition watches from other brands also. Make sure they are full sets and your watches are guaranteed to retain value based on historic evidence and data.
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23 April 2018, 04:24 AM | #8 | |
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My "investing" will be in things that are far better investments like real estate, stocks, bonds, my 401K etc. The idea of someone thinking a watch as an investment is absurd to me, so I guess that is what makes us different. I guess I live in old reality, whatever that is. |
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23 April 2018, 04:24 AM | #9 |
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Watches as an investment is not my new reality.
Speculation in watches certainly exists, but would not be a compelling reason for me to buy one. I buy watches I like, if they appreciate in value, sweet. Why would I want to sell them though? I love them. Watches are not an investment, as their inherent value is based on the next guy being willing to pay more than you. Same goes for gold and bitcoin. Real investments have inherent value, I.e. share of a company that generates a profit, bonds/treasuries which pay interest, real estate which you can rent. Everything else is tulip mania type speculation. |
23 April 2018, 04:24 AM | #10 |
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23 April 2018, 04:25 AM | #11 |
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It depends if you consider yourself an investor, or a collector/hobbiest. If I'm spending 10k as an investor, darn right I want to make money. If I see something I want/need to buy for my self for the pleasure of owning it, I am less concerned about turning a profit. I buy what I like for myself, and buy what I know I can resell to make money.
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23 April 2018, 04:26 AM | #12 | |
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23 April 2018, 04:26 AM | #13 |
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Luxury watches really are not an investment vehicle...they're meant to enjoy. If you're buying simply to worry about its long term value you might want to think long and hard if buying a timepiece is the ideal use of your capital. Just my .02
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23 April 2018, 04:27 AM | #14 | |
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23 April 2018, 04:28 AM | #15 |
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23 April 2018, 04:28 AM | #16 | |
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Can you enjoy an item on your wrist that each day loses $11 in value? |
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23 April 2018, 04:29 AM | #17 |
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This type of mentality ropes people into buying models they don't want simply because of the "investment" angle. What's the point of getting into this hobby if your primary focus is on return? It robs all passion and joy.
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23 April 2018, 04:30 AM | #18 | |
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So tell us Mr. Buffet. What are the killer "investment watches" in your collection? What are the supernormal returns you can offer up on your past purchases as evidence of your WIS-related acumen? |
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23 April 2018, 04:31 AM | #19 |
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Cars are interesting though because where I live I need a car. I have no option. Watches are not a necessity and if I desire a watch I can choose wisely. I do expect a giant sucking sound with my value retention in my vehicle, I try to minimize it but unfortunately it’s a losing game I have to just swallow to function and continue in my career. It’s a business expense. A totally different concept.
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23 April 2018, 04:32 AM | #20 | |
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23 April 2018, 04:33 AM | #21 | |
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It’s not really absurd if you can afford it. To me watch purchases are only made with “play money.” Meaning I’ve got my financial house in order so I’m free to spend a little. As far as value goes, I buy pre-owned. But none of us can predict what future value or demand will be. Hell, if I could go back in time a few years I would have scooped up all of the stainless Daytonas I could find at the $10k prices they used to have and sell them now for $15k. My collection is worth less than 1% of my net worth so not that I want it to lose value, it’s just that it’s not that important to me and not why I bought them in the first place. Sent from my iPhone using Tapatalk |
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23 April 2018, 04:33 AM | #22 |
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I’m not suggesting I’m investing in watches like an investor like a Buffet. This is the straw man. I just think expensive items should be carefully chosen and if you can retain value or gain value all the better. Do you disagree?
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23 April 2018, 04:34 AM | #23 | |
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Buffet rocks a Day-Date, which certainly was a poor “investment” lmao He’s probably not too worried, however with BRK-A at just about an even $300k/share. If losing money on a watch is of concern to your finances, then maybe you should reconsider whether you can, in fact, afford that watch. |
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23 April 2018, 04:34 AM | #24 | |
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23 April 2018, 04:36 AM | #25 | |
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23 April 2018, 04:36 AM | #26 | |
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23 April 2018, 04:36 AM | #27 | |
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I'm genuinely hoping this will pass.... but the case for a separate "investment/speculation" forum grows stronger daily IMHO |
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23 April 2018, 04:37 AM | #28 | |
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23 April 2018, 04:37 AM | #29 | |
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So again, what was your best move(s)? |
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23 April 2018, 04:37 AM | #30 |
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I should have taken a poll. Being ok with losing money is an acceptable response. I’d prefer to not lose money therefore I’m not a subscriber to your position but your position is still valid.
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