Rolex as investment?

[Jake B]

Originally Posted by padi56

Yes agree some have increased take my Father he struggled hard with two jobs and saved for many many years hoping to buy a Sub.Now when he had enough money he went off to buy his Rolex sub.But when he got to the Rolex store in around 1981/2 he was offered a Daytona at a discount price.Now the Daytona in those days were very very poor sellers they had a job to give them away.So he bought the Daytona mainly because it was quite a bit cheaper that the sub.And with the money he saved he bought my mother a new washing machine.How times have changed the Daytona cost then around £750- £800 with the discount just look at the price today,the watch belongs to me now but I will never sell it means too much to me.I would doubt if any modern day Rolex will ever see vintage Daytona prices just too many in this world today.

That's really great, padi...Do you happen to have a pic handy of the Daytona? Love to see it!

[socalwatchcollector]

You get a pass on this question due to your age....

[Thunderbird88]

Originally Posted by Jake B

Gold is best bought in 1 ounce "bars" or coins (Canadian Maple Leaf is %99.999 pure), and are liquid. Gold is always in demand. I can have an ounce of gold sold as fast as I can get my body and/or the gold to a buyer...I can't say the same for a condo, especially if there's some type of crisis like what happened fairly recently in the USA.

Gold is something I need to buy.
My colleague is constantly telling me to go and buy gold right now.
But he says its a long term investment, not for just 3-5 years.
So you recommend 1 ounce bars? Then I might get to buy a of them!

Originally Posted by skprd13

$60 monthly expense! WOW wish I had that small amount to worry about every month. So everything is taken care of for you rent, electric, water, cable, phone, insurance, food, clothing, general items, retirement, etc. What am I missing? Must be nice! I need a job like that. What do you do, maybe I should go back to school and get a degree in that field! Unless you live with your parents. Then I can understand. Our youngest has zero bills except for his party funds and gas for his car I bought for him. Yes I pay for his car insurance as well. Lucky kid!!!!

Yep!
Sounds quite unreal. My employer pay for my accomodation in China when Im here 10+ months/year working on projects and those few times Im actually home in Sweden I sleep on my fathers couch.
Its the perfect situation for building up a future, which Im trying to do. Goal is to be able to cash in on a $130k house within a few years.

Originally Posted by Speed

FYI. Hopefully you won't "lose" too much money.

When something is " loose " that means not tight.

Yeah, typing on a tablet. I'm no professional at it.

Originally Posted by rustyduck

let me offer a different perspective but first, I agree that buying a rolex, in general, is an expense, not an investment. having said that, if you start with the premise that you are going to wear a watch for most of your life, then the question is what are you going to wear and how much are you going to spend? One perspective is that if you buy a rolex that you would be willing to wear well into the future, then you have a timepiece that will literally stand the test of time. your investment in that watch will be care and maintenence over the years but that care and maintenence will likely be less than buying successive new watches of lesser quality over the years. Several people on TRF will tell you they have worn a particular watch for 10, 20, 30 and 30 plus years! the "investment" was in the initial capital outlay and the ongoing maintenence and care allows you to save on having to buy a new watch every 3-5 years.

I have my Root Beer which I feel like it will stay with me a very long time.
A pepsi and so can always be sold! But so can the Root Beer also.

Originally Posted by padi56

Yes agree some have increased take my Father he struggled hard with two jobs and saved for many many years hoping to buy a Sub.Now when he had enough money he went off to buy his Rolex sub.But when he got to the Rolex store in around 1981/2 he was offered a Daytona at a discount price.Now the Daytona in those days were very very poor sellers they had a job to give them away.So he bought the Daytona mainly because it was quite a bit cheaper that the sub.And with the money he saved he bought my mother a new washing machine.How times have changed the Daytona cost then around £750- £800 with the discount just look at the price today,the watch belongs to me now but I will never sell it means too much to me.I would doubt if any modern day Rolex will ever see vintage Daytona prices just too many in this world today.

Awesome stories!
If one could only go back to the early 80's... Would invest in big block muscle cars.
Buy all of them!

[Jake B]

Originally Posted by Thunderbird88

Gold is something I need to buy.
My colleague is constantly telling me to go and buy gold right now.
But he says its a long term investment, not for just 3-5 years.
So you recommend 1 ounce bars? Then I might get to buy a shitload of them!

Personally, I like these lately, and any that I've purchased recently are this: http://en.wikipedia.org/wiki/Canadian_Gold_Maple_Leaf



The purest on earth, and made with %100 gold mined only in Canada, so you can live knowing nobody suffered for your gold.

Beautiful, loved the world over & easy to sell if need be.

[Thunderbird88]

Originally Posted by Jake B

Personally, I like these lately, and any that I've purchased recently are this: http://en.wikipedia.org/wiki/Canadian_Gold_Maple_Leaf



The purest on earth, and made with %100 gold mined only in Canada, so you can live knowing nobody suffered for your gold.

Beautiful, loved the world over & easy to sell if need be.

I was thinking of either two 250g bars or one 500g.
Thats a load of maple leafs...

[Old Expat Beast]

By the way, if you do buy a Rolex, I suggest you come down to Hong Kong, not buy on the Mainland.

[Jake B]

Originally Posted by Thunderbird88

I was thinking of either two 250g bars or one 500g.
Thats a shit load of maple leafs...

Hey, I can think of worse things than a pile of beautiful, shiny gold coins

Gold is also addictive, brother. Once you start buying....

[Jake B]

Originally Posted by Old Expat Beast

By the way, if you do buy a Rolex, I suggest you come down to Hong Kong, not buy on the Mainland.

For sure, this is VERY good advice...and give me a shout if you want. I'm always up to go for a frosty one!

[Thunderbird88]

Originally Posted by Old Expat Beast

By the way, if you do buy a Rolex, I suggest you come down to Hong Kong, not buy on the Mainland.

Oh I aint buying anything in China.
Stupidly overpriced place its ridiculous.
I take every chance I get to go down to Hong Kong. Bought many things there!

[Thunderbird88]

Originally Posted by Jake B

Hey, I can think of worse things than a pile of beautiful, shiny gold coins

Gold is also addictive, brother. Once you start buying....

I can imagine!
My first ever gold piece is my 16713... I never had any gold before this one

[padi56]

Originally Posted by Jake B

That's really great, padi...Do you happen to have a pic handy of the Daytona? Love to see it!

Picture and story is in below link but please do not post a reply in the link just read it picture on second page.

http://www.rolexforums.com/showthrea...=special+watch

[Jake B]

Originally Posted by padi56

Picture and story is in below link

Beautiful....Thanks.

[77T]

Peter - that is a great story and picture. Ironic how our Dads impact our perspective. Mine was WWII Army officer and served in Aleutians and India when Axis threatened overrunning Alaska, and when the Burma trail needed support.

But his grail came in form of an Omega. Hence, my first Swiss watch was an Omega.

[Neunundneunzig]

Originally Posted by 77T

If you can save 2 yrs worth of salary in cash, then a couple of vintage Rolex wouldn't be a big slice of your assets and sounds reasonable.

But they are not liquid when cash is needed fast.

If you set-up a watch fund and build experience to avoid replicas then it's just part of enjoying "serial ownership" as you flip watches through the rest of your life.

But the long term appreciation of the model you mentioned will take a long time since so many millions are out there now. No real investment value point currently...

Great advice!

[ble-az]

Real quick:

Bought a brand new S/S Submariner w/date in 1984. Paid $875. Wore it DAILY for 29 years. Sent in four times for maintenance.

Traded it in last November on a new two-tone Submariner w/date (116613LN). AD gave me $3,500 trade-in value. I was shocked! That's 4 times what I paid for it 29 years ago. Not bad after for 29 years of excellent service. I realize he may have discounted the new watch slightly without a trade, but remember, I wore it for 29 years! Another $300 in tax savings as well.

Investment? Yeah, I guess it was. Maybe my heirs will do well 29 years from now........

[springbar]

Originally Posted by Thunderbird88

Gold is something I need to buy.
My colleague is constantly telling me to go and buy gold right now.
But he says its a long term investment, not for just 3-5 years.
So you recommend 1 ounce bars? Then I might get to buy a of them!

Setting aside the question of whether goldbugs have any idea what they're talking about when it comes to investments and economics, if you're going to own physical gold I also recommend bullion coins like the aforementioned Canadian Maple Leaf, or the American Eagle, or 24K American Buffalo (also .9999 pure).

In the U.S., anyway, any of these coins can be exchanged without an assay and the spread between the dealer's buy and sell prices is very small. They are probably the most easily and inexpensively convertible form of physical gold available.

[roklee]

Investment...

[doubleinfive]

Anything is an investment if you could sell it for more than you bought it for...