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 For those that bought a Rolex before...

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JerryTeh
post Feb 11 2019, 12:02 AM

Getting Started
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Junior Member
227 posts

Joined: Sep 2010
From: Klang


QUOTE(TOHNO @ Feb 9 2019, 07:49 AM)
Was it ever worth the price?

Any luxury watches in fact , Maurice , Jaegar , IWC etc

I'm from a somewhat modest , middle income family hence I was never really exposed to luxury goods, and I'm never to keen on them.

When it comes to personal spending I've always been frugal. Buying 2nd hand stuff , eating food on a budget ( though I eat a lot since I do train upwards of 5x/week).
I don't drink nor have a nightlife... Since I never see them as a good investment of time and money
Lately my business is doing somewhat decent. And I'm able to save a decent amount of money a month. Last year I was able to get myself a 2nd hand car. Which I'm really proud of.
And lately I've been looking into luxury watches , partly cause I was exposed to my client's collection of watches which well ... isn't good

I'm thinking of getting a Rolex for my 25th Bday , which is next year.
I don't wear watches so my main idea of getting a Rolex is

1. Hopefully it appreciates or at least retains 80% of it's value over the course of 10+ years

2. Pass down to my children

3. Add a little swag ... I guess?

I'm thinking of a moderately priced 2nd hand Rolex say a Datejust from WingWah , apparently I can't get a brand new Rolex as the waiting list is 3 freaking years.

So what do you guys think.

Would a Rolex be a good ( or at least decent ) use of money?
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fyi i am with 100k++ per month but i still haven start to enjoy my income.

company is expanding so focus on that.

You have to understand that wealth is accumulation.

100k income for few years doesnt make you richer than those who make 20k for the past 30 years.

 

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