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?

Thanks for the replies !

As for passion ...

Well I do read a lot of articles on horology , as well as youtube vids , their heritage are definitely cool to listen to.

As for frequency of wearing them , I'd say maybe 4 -5 x a year since I work in the fitness industry hence I use my trusty Casio 90% of the time

budget wise .. I'm thinking <20k but if a 40k+ watch is a better investment then so be it

Fair enough , I wanted a Seiko Samurai so badly last year ...

but I thought I wouldn't ever wear it and the ability to pass down to the next generation isn't there hence I decided to get a Casio Pro Trek

hopefully it's the same for me haha

Chances are I won't be wearing it often

I'm planning to buy it in hopes it'll appreciate / pass down to the next gen

I might post on my insta once though cause well I'm human

I was interested in Seikos like really really into it , 5s , Samurais , Divers , Tuna etc etc

but I lost interest since they lack the heritage / poor resale.

I don't really care about how it looks tbh

the only investment I know how to do is FDs haha

Wanted to try bursa but It's too confusing

property ... not enough capital

I've heard the Snowflakes are amazing ! But I've seen in person before and it ... looks pretty bland.

I asked my friends what they think of the price they thought it's RM>200

when I told them it's RM15k they thought I was BS-ing

I've not known that. Even cash buy ?

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.

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

no set budget tbh I initially wanted < RM15k but from oipinions from different forums it seems that

pepsi , hulk , batman ish designs are the one that appreciates to most ... like + RM3k + in a year

I surveyed the one at starhill

The guy literally ignored me when I asked for the model ( can't remembered what model I asked for since i think it was last year July and yes I have been thinking for that long )

he said a safe estimate is 3 years