Schizofrenic Daytona owner with a question

[melrob1]

It’s jot getting an higher where it would ma ter much. Already approaching prices. Sell it now and invest the profits!

[Speedbird-1]

Originally Posted by melrob1

It’s jot getting an higher where it would ma ter much. Already approaching prices. Sell it now and invest the profits!

Pardon?

[Baksken13]

Originally Posted by accountank2000

If you don't have any kind of sentimental link with the 500LN, and you already have the 520:

Imagine your friend has gone behind your back, stolen your 116500 and papers, and sold it for current market value (say, $20k or whatever the market is at right now). But he didn't keep the money for himself like a thief... he just deposited it in your bank account.

You'll be angry he did it, broke your trust etc, but at the end of the day, you didn't have a sentimental connection with the piece and with all that cash in the bank account, you can buy it back (or an equivalent, same model) tomorrow if you wanted. So you won't be mad at him forever.

And then the question becomes one that might be easier to answer. If you have a 520 on your wrist and (say) $20k in your pocket to spend on either another watch or a traditional investment... out of all the possible uses on planet earth for that $20k - would you really really think the best thing you could buy is a 116500LN?

A watch that you don't have a special affinity for, that doesn't 'sing to you' or whatever, and would cost you some high multiple of MSRP without being particularly rare (modern reference, not discontinued etc). It's expensive because there is a lot of money in the market at the moment. That won't always be the case. When we go through a recession, stock market crash etc, it won't be valued at a high multiple of MSRP. So, knowing it won't always be worth that high multiple, and you don't love the watch, why buy it?. Why not keep the $20k instead, to spend it on more sensible investments, or more exotic pursuits?

The smart move is not to buy it. So, sell it, and then you will be in that position where you don't have it and you know the smart move is not to buy it.

Instead you're choosing to think of it as a "should I sell... it might go up in value and I might be able to time it perfectly and get out at the perfect temporary top of the market!" decision. But that's the sort of thing that people do when they are seduced by a nice market upswing in some investment, and aren't thinking clearly. Or maybe what people do when they are seduced by a perfect 'grail' watch and are letting their heart rule their head.

But you know it's not your perfect grail watch, and you know it's currently trading for a pretty high price. So, don't get taken in by the hype. The market is fickle. If you hold it there's no more likelihood of being able to sell at a higher premium than there is of having to sell it for less than you could get from a portfolio of global equity funds. Sell up, and don't buy it back.

Sensible reasoning, thanks for the input

[abozz]

Unfortunately, wristwatches are a bubble that will explode sooner or later because watches are an anachronism, no matter how much we love them, is going to end. sell it, is my opinion.