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 Watches as a store of value

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Mattressdepot
post Apr 28 2021, 11:22 AM

On my way
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Junior Member
655 posts

Joined: Jan 2020
QUOTE(Antoine090607 @ Apr 26 2021, 08:48 AM)


1. Not prone to depreciation , ( if it appreciate great! Although unlike )
2. Hopefully buyable 2nd hand at a better price. Wing Wah watches for example

Personally I don't wear watches but I think a nice watch watch will fight inflation better than leaving in FD (2.1% is awful). Whilst having something to wear on a nice occasion.

I'm thinking of a Rolex as that's the only watch brand I heard that actually appreciate.

So what do you guys think ? My budget ranges from RM 20-40k depending
*
currently if u buy a rolex watch from the grey, u r basically converting the cash into a watch. but grey stock doesnt appreciate much because the price kena goreng already.

if u sell back to the grey, they potong 10-15% from the price u pay. in another word, if u decide to buy a rolex from the grey, u r instantly rugi the value once stepping out the shop. just like buying a car. when the wheels touch the road, the value gone -10%.

u earn to own, but u barely earn when sell.



 

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