Rolexes are a great investment. If you take good care of them, saving the box and papers, and NOT getting them polished or restored frequently, you or your estate can sell them for greater rate of return than a bond fund.
How many asset classes does anyone own that they can use and enjoy every day?
I bought my first Rolex, a Seadweller, right before Y2K. I think I paid $3800. What's that watch worth today, used? Whats a new replacement cost? Double to triple.
I can't afford to wear a "pretty good" watch whether a $500 seiko, or apple, or $1500 tag, because they are worth almost nothing in the future. It's money spent, gone forever. But a rolex? They've been a great investment I get to enjoy every day. Each kid has their eyes on one of the three in the household so it makes inheritance issues pretty easy to sort out as well. They can always sell it for school or a first home down payment if they don't need to know what time it is.
How many asset classes does anyone own that they can use and enjoy every day?
I bought my first Rolex, a Seadweller, right before Y2K. I think I paid $3800. What's that watch worth today, used? Whats a new replacement cost? Double to triple.
I can't afford to wear a "pretty good" watch whether a $500 seiko, or apple, or $1500 tag, because they are worth almost nothing in the future. It's money spent, gone forever. But a rolex? They've been a great investment I get to enjoy every day. Each kid has their eyes on one of the three in the household so it makes inheritance issues pretty easy to sort out as well. They can always sell it for school or a first home down payment if they don't need to know what time it is.