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Just thinking on-line: anyone shorting their watches?
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time flies
·There is something about a "pile of gold".
have fun
kfw
have fun
kfw
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Archer
··Omega Qualified Watchmaker
Sure, but I like a pile of watches more...
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murph
·I like them both
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Scooterino36
·But better as a pure investment than buying lottery tickets.
Who considers lottery tickets as an investment?
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Walrus
·Who considers lottery tickets as an investment?
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Engee
·Who considers lottery tickets as an investment?
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Scooterino36
·How does it differ in practice from any other investment? In exactly the way that people invest in the stock market, lottery players risk capital in the expectation / hope of a higher return. I'm sure investment specialists can easily demonstrate that it's a bad investment, on the other hand, the outlay is low and there are no management fees to pay!
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Scooterino36
·Let me go back to my original point. I personally do not park my cash in watches as in investment strategy, it’s money i do not expect to see again. Any cash i have for other investments isn’t spent on watches or any other items, it’s invested. So if i did decide to invest in gold, I’m not going to use the cash proceeds from watch sales (at a loss in my case from an Omega collection), I’m using my allocated investment funds. Investment opportunities exist both today and on the day i purchased my watches, so the decision to purchase luxury goods i don’t need vs further investment was made then, and not now.
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Engee
·Reasonable chance of returns is how it differs in my view. I used the term “investment” under the assumption that expectations of returns would be implied.
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Scooterino36
·“Reasonable chance” is the key here. It’s subjective, and there are many “high risk“ investment opportunities That might not fit your definition, but are packaged and offered just like something you would consider as a reasonable opportunity.
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Engee
·I think we can agree that a lottery is not considered a reasonable opportunity, objectively.
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Scooterino36
·No need to keep labouring this as it’s not the substantive topic of discussion. You and I would probably agree that it is a bad way to invest capital, but think of the poor person who has no meaningful amount of wealth to invest. To that person playing the lottery is the only investment vehicle available and they make a choice as to how to use those two bucks, just as you and I make a choice between investing or buying a watch or something else.
I disagree, but I will hold my rebuttal! In summary, I will not be selling my Seamasters for gold.
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cristos71
·No need to keep labouring this as it’s not the substantive topic of discussion. You and I would probably agree that it is a bad way to invest capital, but think of the poor person who has no meaningful amount of wealth to invest. To that person playing the lottery is the only investment vehicle available and they make a choice as to how to use those two bucks, just as you and I make a choice between investing or buying a watch or something else.
Just like my mum with whom I play a couple of lines of the Euro Lottery per month. She's sometimes telling me about my 'winnings' yet for some reason I only seem to be transferring money in her direction...
...I once started explaining about ROI and the suchlike but her eyes starting glazing over quite quickly and so now I just accept my negative profit margin for what it is 😁
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Syrte
·Man fears time but time fears the Pyramids.
.
silly question, you seem to like that phrase - for those of us who didn’t grow up in English speaking countries what does it mean?
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Syrte
·Nothing to do with English...it’s an Arab proverb...
sounds like a British colonial import from Agatha Christie or DH Lawrence then - about a third of my company is comprised of people whose native tongue is Arabic and I’ve never heard the phrase. Maybe I should query the Egyptians around...
I still don’t get what it’s supposed to mean though.
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Archer
··Omega Qualified Watchmakersounds like a British colonial import from Agatha Christie or DH Lawrence then - about a third of my company is comprised of people whose native tongue is Arabic and I’ve never heard the phrase. Maybe I should query the Egyptians around...
I still don’t get what it’s supposed to mean though.
Well it does come from the 12th century, so maybe talk to the older folks around. 😉
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