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 Watches as a store of value

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waghyu
post Apr 26 2021, 10:54 AM

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QUOTE(Antoine090607 @ Apr 26 2021, 08:48 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
*
no value physical watch, better go trade forex with that good startup capital

 

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