Nowhere near as bad as Rolexforum where seems like 20% of the threads are about investing in watches.
So basically luck and timing play a huge part in success, rather than knowledge or skill.
Sounds like a really shitty investment strategy.
As mentioned….Answer the 20 questions a day they get by the is a Speedmaster an investment.
If I had a dollar for all the PMs from newbies asking if a watch is a good investment rather than is this a redial. (Which 8/10 it is a redial)
So not too different than most investment strategies.
I my total lack of knowledge or interest in investments of any kind showing? 😁
If you bought the Speedmaster years ago, sure, you can definitely make some money on it - but you always have to remember that selling a single watch with no storefront or retail presence for maximum profit is not as easy as one might think. And you won't be able to sell to a retailer for anywhere near the price they will sell it for. And if you are buying today at the inflated prices on Chrono24, then you will likely lose money.
The whole concept of buying watches for investments really turns me off, and drives the crazy inflation in the market over the last few years. I use my investment dollars on buying stocks/bonds on a monthly basis, regardless of whether the price is high or low. In the last 12 years, I've averaged a 10% annual return. I'm perfectly content with that.
My watches come out of my "fun" savings -- the one I pay into for trips, new cars, etc. In other words, for items that will depreciate or have no value after I spend it (like a trip). If I make money on the sale of a watch I decide to get rid of, great. But I don't stress about it either, because I've already assumed I won't.
That and the fact that
1) no 'chicks' would be 'picked up' with that on wrist (YUGE savings right there ... can invest this 'liquidity' elsewhere)...
2) due to 1) the wrath and scorn of the Mrs would be kept neatly at bay (although she might untap some just for being seeing with her man wearing this piece 😁 )...
3) no limbs will be hacked off or broken in pedestrian theft...
4) at a GTG all the snobs will likely buy you beers (provided the outfit matches the watch)...
5) most importantly...you qualify for the Invicta Cruise, where you get special discount on LE's that have 75% off the 25% of the normal price already...
means that this was a great investment and you Sir are all 'win win win' 😎
You are hard… I was not aware a watch could be attracting women to the point that they could be picked-up if wearing the right one…
No one who says “chicks” knows anything about what women want. He was being facetious, I believe.
