What? That you have to pay income tax or what?
Young people so gatal these days, everything put on socmed you think inland revenue won't find out?

This I agree.

Either pasar malam or daddy kasi, not many will acknowledge a 25 y/o can wear a real Rolex. Sometimes you need to dress to match your age. Just like a 25 y/o drive Ferrari, the general public will perceive that person as rich 2nd gen daddykasi or a MLM scheme scammer, never thought it is bought using his own money. A Casio MT-G or something youthful is better than a Rolex for now. Rolex if you are 40 y/o mid life crisis uncle and want to show off you are successful already. Not too expensive if you will wear it as a daily workhorse watch.

This post has been edited by RicoT: Feb 9 2019, 11:37 AM

I'll be filing for 2019. But I never knew cashbuy will arouse suspicion. Anyhow the idea is for 2020 hence. Good to know tho

That's a fair point.

There are bigger priorities for me like property.

But property is such high risk that it scares me to the bones.

Look. Not telling what to do. But why look for unnecessary trouble by attracting unwanted inland revenue attention and maybe a troublesome audit.
If you have to ask about buying a Rolex then it doesn't seem to fit in your current self image.
Rationally, if your business only just started making profit, might as well keep the money on standby for any unforeseen cash crunch because the outlook going forward is going to be poor unless you're involved in ahem businesses.
And why be so clichéd, make a bit of money and want to show off that you just made some money? Lol
Swiss watches some people think will hold value with time, yes if you have a very vintage piece that you managed to buy at a bargain price not these current mass produced pieces. Fine as they're, they're never going to be with as much a limited piece from the 50s or 60s. And these things are usually sold on consignment (iinm), meaning you get your money when the shop sells it not before.

Rolex price just increased AGAIN ....5yrs back a 2nd hand sub would cost u 13-16k ...now it cost u 25-30k ...better than fd if u ask me ....

evryone also go Rolex...

buy Omega la..

Rolex is like Nike.. thy are very good in marketing..

but thr are other watches arguably btr thn Rolex..

If you have money, just buy. Rolex is one of the brand that you know when you buy it is gonna retain its value. I am no expert in watch movement. I dont know about other swiss watches. You ask me the difference between two rolex model, I dont know. What I have been doing is everytime I have extra money, I go out and buy one and keep. Only wear it out during wedding dinners.

Some passionate watch collectors have big ego. When you try and own one, they will tell you only limited edition stuff is worth owning or they will tell you why this or that is not good. Ignore them. Whats most important is having money in the pocket, go out and own one.

Better in what sense? The clock is more accurate? You want an accurate watch go get a digital watch. Watch is about prestidge and brand name.

I get one more 1236334 41mm blue face no diamond fluted bezel syukur liao.....

But these days i think they purposely manipulate the stock level, kedai asyik Kosong. Jerr

I do understand where you're coming from hence I decided to start filing tax ASAP

I can't be 100% certain my business will continue flourishing but for the past 2 years it's been rather stable, I plan to get the watch in 2020 hence I have 1 more year to have another barrier.

And as I've said in the opening I'm not a person to splurge I got this inspiration after talking to my client. He advised me to buy a Rolex since it appreciates very well , at least for his case. He sold his 2 old Rolex ( 10 years + ) and made a RM5k+ profit while wearing them at the same time. Even if he were to lose - 20% of the watches value it's already done it's due.

Hence I thought it'll be a good investment. I don't mind concurring a loss here and there. As many parts of life are uncertain.

Can't argue with this fact . We do live in a materialist society

Thanks mate ! That's pretty good advice

deswai TS go for Rolex... only bcs of its brand name and prestige..

It really comes down to your lifestyle and what you choose to splurge on. Even with 10k a month you can buy a luxury watch, as long as you don’t have high commitments for other things.

Heck my uncle earns around 10k and has like 4 harleys, but he drives an old beat up 90s corolla and stays in a single storey old terrace house. For him, majority of his spending goes to his bikes. Plus he’s single so yeah, hardly any commitments.

Ask your customer in detail, how much he paid for them, and how much he sold them for after 10 years. You do business, you work out the ROI. Did he get the money immediately like when you go Cash Converter or is it by consignment.
Life might be uncertain but due diligence must still be done.

wait what ur budget again?

all the way Rolex bro. u wont regret it. infact, it might be your only watch.. usually, people buy Rolex as their end game watch or its the start of their SOTC.

so get on with it.

i wonder which model strike ur interesr best?

Date just no need queue one ts

And the discount in ad for datejust is high enough, to not make a person buy a used one

He got money want to buy rolie I'm sure he can easily fly to Singapore or Hong Kong to get this watch if he wants to 😁