- Posts
- 3,707
- Likes
- 6,312
Vercingetorix
··Spam RiskThis whole thing seems very strange to me. What’s wrong with using the money towards buying an education? Buy him the Speedmaster when he graduates.
Speedmaster gift for my grandson
- Posts
- 30
- Likes
- 75
PRT10361
·This whole thing seems very strange to me. What’s wrong with using the money towards buying an education? Buy him the Speedmaster when he graduates.
because in 18 yrs or so how much will a Speedmaster be ?
- Posts
- 285
- Likes
- 356
amfalconer
·I paid £2800 for mine in 2018, current hesalite one is £5370RRP.
Based on those maths it'll be near on £15.5k 😉
Not that this means anything at all
Based on those maths it'll be near on £15.5k 😉
Not that this means anything at all
- Posts
- 1,144
- Likes
- 3,111
perks713
·This whole thing seems very strange to me. What’s wrong with using the money towards buying an education? Buy him the Speedmaster when he graduates.
- Posts
- 76
- Likes
- 42
notchrishansen
·College? In 18 years, the robots will take over by then. The watch is for him to ride out the apocalypse.
- Posts
- 30
- Likes
- 75
PRT10361
·College? In 18 years, the robots will take over by then. The watch is for him to ride out the apocalypse.
thats right education what on earth will £4000.00 achieve? Not a lot if anything. The watch on the other hand well it will go up in value it is also a birth year month and due birthday so a little special plus I don’t have to worry about an gift for his 18th or 21st birthday it’s done. By the way I have done the deal bought it today £3700.00 he will love it. I will post some photos of the watch and of my 2 month old grandson together when I get the chance many thanks for all your thoughts Peter
- Posts
- 3,707
- Likes
- 6,312
Vercingetorix
··Spam RiskApparently there’s a lack of understanding of compound interest here.
- Posts
- 76
- Likes
- 42
notchrishansen
·Friend, buying luxury goods is never a sound financial decision… you should buy them because you can, cause these should be depreciating items.
And probably not great to assume people’s finances, if you want to get/give advise there’s WallStreetBets. They’re making forging millionaires daily.
And probably not great to assume people’s finances, if you want to get/give advise there’s WallStreetBets. They’re making forging millionaires daily.
- Posts
- 30
- Likes
- 75
PRT10361
·Oh that’s right compound interest right now what are we getting 1% 2% I had a Marcus account that’s giving 5% not long ago now it is 0.40% compound interest ?
- Posts
- 5,636
- Likes
- 5,793
SkunkPrince
·Oh that’s right compound interest right now what are we getting 1% 2% I had a Marcus account that’s giving 5% not long ago now it is 0.40% compound interest ?
- Posts
- 7,136
- Likes
- 13,258
Evitzee
·Meh, you can't argue these things on a financial basis, buying a mass produced Omega today and expecting it to outperform even a plain, vanilla index fund/ETF over 18 years is wishful thinking. The OP wanted a watch to give to his grandson in a couple of decades, so mission accomplished, you can't analyze it any deeper than that. These are emotional items, not investment vehicles.
- Posts
- 5,447
- Likes
- 9,326
BlackTalon
··This Space for Rentvanilla index fund/ETF...
😁
- Posts
- 3,707
- Likes
- 6,312
Vercingetorix
··Spam RiskOh that’s right compound interest right now what are we getting 1% 2% I had a Marcus account that’s giving 5% not long ago now it is 0.40% compound interest ?
- Posts
- 611
- Likes
- 1,010
cineaste
·Its people like you that allow people like me to retire early.
And basically unless you are extremely affluent, someone is enjoying the surplus value of your work!
- Posts
- 5,447
- Likes
- 9,326
BlackTalon
··This Space for RentAnd basically unless you are extremely affluent, someone is enjoying the surplus value of your work!
- Posts
- 21,932
- Likes
- 49,736
Dan S
·Anyway ... I think it's a nice idea OP. No need to even ask for advice really, since it's quite a personal decision. As noted, just put it away in a nice dry place and have it serviced before giving it to him.
- Posts
- 3,707
- Likes
- 6,312
Vercingetorix
··Spam RiskI hate to break it to you, but if you invest in stocks etc you are not making money from people who do not invest...
And basically unless you are extremely affluent, someone is enjoying the surplus value of your work!
- Posts
- 76
- Likes
- 42
notchrishansen
·I’m gonna bow out of the market talk… it’s clear we’re dealing with a CFA level 9 here.
- Posts
- 5,048
- Likes
- 15,523
- Posts
- 117
- Likes
- 106
WhiteThorn
·It is a nice idea, but why don't you buy yourself one, then pass it down, the grandson will probably have fonder memories of it being used and owned by his grandfather. Plus it seems a shame having it stored away for 18+ years.
