gostang9
·So this thread has been sleeping a while, and the subject of buying watches as an investment comes up often. I think my opinion is shared by many in that I view watch purchases as money put into a casual hobby with the possible benefit that after decades of enjoying our watches they may actually hold their value and in some lucky cases appreciate nicely.
I've recently been contemplating putting some of my savings into a fun car to drive and enjoy. Unfortunately, the vehicle I fancy is a modern American 'muscle' car and would definitely depreciate considerably in the next decade. When I shared my thoughts with a colleague who also likes watches, he quickly discouraged me from buying the car and insisted I rather buy several nice pieces I'd like to add to my collection. His argument was they'd hold value much better in the long run.
Whole studying economics, we often talked about opportunity cost and that that "cost" of any object is not only the monetary outlay, but rather all possible alternate options that money could buy instead.
I took my family on an overnight road-trip (to Greater Toronto Area in Ontario Canada) where we test drove and looked at several cars. On the drive home my wife and I were going over the financial implications of a potential purchase, and to my surprise my wife remarked casually that suddenly the many watches I've talked about buying don't seem like such a bad way to spend my "fun money".
When looking at 20 year historical stock market values, you can understand the possible argument for current values being above trend and having some room to move lower. While I don't in any way believe watches should be purchased as a true investment, they do seem like a rather decent place to 'park' funds as long as you buy wisely and choose top quality examples.
I've recently been contemplating putting some of my savings into a fun car to drive and enjoy. Unfortunately, the vehicle I fancy is a modern American 'muscle' car and would definitely depreciate considerably in the next decade. When I shared my thoughts with a colleague who also likes watches, he quickly discouraged me from buying the car and insisted I rather buy several nice pieces I'd like to add to my collection. His argument was they'd hold value much better in the long run.
Whole studying economics, we often talked about opportunity cost and that that "cost" of any object is not only the monetary outlay, but rather all possible alternate options that money could buy instead.
I took my family on an overnight road-trip (to Greater Toronto Area in Ontario Canada) where we test drove and looked at several cars. On the drive home my wife and I were going over the financial implications of a potential purchase, and to my surprise my wife remarked casually that suddenly the many watches I've talked about buying don't seem like such a bad way to spend my "fun money".
When looking at 20 year historical stock market values, you can understand the possible argument for current values being above trend and having some room to move lower. While I don't in any way believe watches should be purchased as a true investment, they do seem like a rather decent place to 'park' funds as long as you buy wisely and choose top quality examples.