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 Watches as a store of value

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oOoproz
post Apr 30 2021, 01:50 AM

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Joined: Dec 2008
From: Tatooine


QUOTE(Antoine090607 @ Apr 26 2021, 09:48 AM)
Hi all

I've been interested in watches for awhile now.

Back in 2017 I decided to buy my first watch.

A Pro Trek for RM500.

However after I've started my own work and became more financially and literate my view of watches have changed.

I used to see them as a fashion statement but now I'm thinking them more of a store of value. An asset if you will.

With that said I'm thinking of getting a decent watch that

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
*
And prices for most of the watches now have already surged like crazy, just like buying stock at ATH, better wait for the market to cool down then only you consider

This post has been edited by oOoproz: Apr 30 2021, 01:50 AM

 

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