Malaysia Watch Forum
Main Forums => General Discussion - Modern Watches => Topic started by: wslee on January 02, 2011, 08:55:27 PM
-
I had been hearing a relative/friend saying watch is a good investment.They even make profit out of it.Im just wondering how true is it?
Dear all Sifu and fellow forumers,what do you reckon?
-
Who is your relative/fren?
In reality, not many ppl aknowledge their loses in any trade!!! Human!
Those who can make money normally are big time collector who has
1. Lot of knowledge on vintage pieces especially for patek n rolex
2. Lot of money to buy during low
3. Lot of guts n luck
best resale value rolex n pam... If u buy today n sell tomorrow u still loose alot just not as much as other
certain very limited patek yes, u buy today tomorrow value higher, but do not guaranttee u a buyer
it is possible to make money if u buy used on popular model at low...
But how often u hv such deal?
-
Who is your relative/fren?
In reality, not many ppl aknowledge their loses in any trade!!! Human!
Those who can make money normally are big time collector who has
1. Lot of knowledge on vintage pieces especially for patek n rolex
2. Lot of money to buy during low
3. Lot of guts n luck
best resale value rolex n pam... If u buy today n sell tomorrow u still loose alot just not as much as other
certain very limited patek yes, u buy today tomorrow value higher, but do not guaranttee u a buyer
it is possible to make money if u buy used on popular model at low...
But how often u hv such deal?
Both of them are small collectors only.
Perhaps like what you said,they may not mention on the losses they made.My relatives always shares out his profit trade on watch during family gathering.
Hahaha!!!!
Ever since then,i keep thinking maybe i could earn some profit out of the trade.Just some thoughts only
-
I had been hearing a relative/friend saying watch is a good investment.They even make profit out of it.Im just wondering how true is it?
Dear all Sifu and fellow forumers,what do you reckon?
as the old adage always hold true;
"the best way to make a million out of selling watches, is to start with two"
:Laughing_on_floor:
put your money in something better ...every 100k you saved...put it in a downpayment for a prop. trust me you'll be far richer :Laughing_on_floor:
-
I suppose watches can be an investment. As an asset class in Malaysia, I wld think that there are better alternatives. Perhaps thats cos I buy my watches for wear,not for resale(i.e. investment)
-
Watches are in fact not good investments in the short term but in a very long term plus if you are extremely lucky, then possibly you can make a profit if you get the right model. Properties such as real estate do fetch a higher and more certain profit. Still in terms of whether they are 'good' investments, i highly doubt that they are.
-
IMO, watch is never an investment.... but of course some watches can resale higher in value, but not everyone have the opportunity to purchase those watches. due to the limited availability... (One good example is the PAM360)!
If I were to spend more than 10k on a watch, I will definitely consider the resale value in the future so that I will not lose too much on money spent. But for wealthy watch enthusiasts, they will probably buy whatever they like without considering the price in the future.
-
Hi,
I remember when i'm in schooldays. Most older people (60+) always said that we should keep or buy ROLEX. In case WAR came. We can sell out the ROLEX easily. Money is no value.....
Hmmm, why WAR?
Happy New Year.
-
I had been hearing a relative/friend saying watch is a good investment.They even make profit out of it.Im just wondering how true is it?
Dear all Sifu and fellow forumers,what do you reckon?
No, collecting watches is a hobby not an investment. you are better off with FD in banks. Sometimes you may get lucky (as I did with my PAM 195 and PAM 360) but those are purely based on luck rather than being intentional (but I've also lost money selling others like the PAM320, PAM292, Omega Speedmaster etc).
HOWEVER, what you must do is a little bit of homework to determine the second hand market (usually the likely percentage that you'll lose-coz usually that's the case) in case you need to sell later.
My only advice apart from the possible resale value is to buy a piece that sings to you. It doesnt matter what other people think coz the piece is going to be on your wrist. The more you love it, the more you'll give it wrist time which is the best "return on investment" IMHO.
-
Hi,
I remember when i'm in schooldays. Most older people (60+) always said that we should keep or buy ROLEX. In case WAR came. We can sell out the ROLEX easily. Money is no value.....
Hmmm, why WAR?
Happy New Year.
even u can sell rolex during war... doesnt mean it is a gd investment... in that case, gold is better than rolex.
:Laughing_on_floor: :Laughing_on_floor: :Laughing_on_floor: :Laughing_on_floor: :Laughing_on_floor: :Laughing_on_floor: :Laughing_on_floor: :Laughing_on_floor: :Laughing_on_floor: :Laughing_on_floor: :Laughing_on_floor:
i think if war came, if u can dare to stay back n collect rolex from dead body.... buy from from those who r running, if lucky enough to find rolex on the big rank army with some special engraving ... hm... u sure make money
nowadays army dun wear rolex... maybe some gsar, bell n ross, swiss military... depend on which country attack u... :Laughing_on_floor: :Laughing_on_floor: :Laughing_on_floor: :Laughing_on_floor: :Laughing_on_floor: :Laughing_on_floor: :Laughing_on_floor: :Laughing_on_floor: :Laughing_on_floor: :Laughing_on_floor: :Laughing_on_floor: :Laughing_on_floor: :Laughing_on_floor: :Laughing_on_floor: :Laughing_on_floor: :Laughing_on_floor: :Laughing_on_floor:
-
Sold more than 50 watches thus far only lost $$ on 2 occasions.Trick is,do your homework and only buy them used.It can be profitable
-
I don believe that watches make good investment..... Simple as that...
If i were giving a ton of $ i will go buy gold bar/ buy some propeties in kl/ invest in shares and keep......
-
Don't think watches makes good investment. You can make some money by doing your homework, but I doubt you can make good money.
-
i dont deny with hardwork and some luck, you can make some money from certain time piece...
but if we were to stick to the pure meaning of the word `investment', i think there are safer/faster way to make money...
-
Thank you,all sifus...I have a clearer vision now
=)
-
Sold more than 50 watches thus far only lost $$ on 2 occasions.Trick is,do your homework and only buy them used.It can be profitable
I think every1 in this forum also must salute u!!!
But a real collector or watch lover dun sell their collection!!!
So better think y u buy a watch
1. U like the design, u want to wear it
2. u want to keep it bcoz u r a collector n u jus can't sleep without watch
3. U want to make money for the watch u buy, pure investment
4. Mix of above
when u r clear then only u do ur study... Y?
Collector will only buy mint n fullset watches if possible
investor will buy when he think the selling price is below Market
wearer will buy as long as design suit his style n status mayb
-
Sold more than 50 watches thus far only lost $$ on 2 occasions.Trick is,do your homework and only buy them used.It can be profitable
I think every1 in this forum also must salute u!!!
But a real collector or watch lover dun sell their collection!!!
So better think y u buy a watch
1. U like the design, u want to wear it
2. u want to keep it bcoz u r a collector n u jus can't sleep without watch
3. U want to make money for the watch u buy, pure investment
4. Mix of above
when u r clear then only u do ur study... Y?
Collector will only buy mint n fullset watches if possible
investor will buy when he think the selling price is below Market
wearer will buy as long as design suit his style n status mayb
Totally agree with u!!!
-
Sold more than 50 watches thus far only lost $$ on 2 occasions.Trick is,do your homework and only buy them used.It can be profitable
I think every1 in this forum also must salute u!!!
But a real collector or watch lover dun sell their collection!!!
So better think y u buy a watch
1. U like the design, u want to wear it
2. u want to keep it bcoz u r a collector n u jus can't sleep without watch
3. U want to make money for the watch u buy, pure investment
4. Mix of above
when u r clear then only u do ur study... Y?
Collector will only buy mint n fullset watches if possible
investor will buy when he think the selling price is below Market
wearer will buy as long as design suit his style n status mayb
I must add... investor will buy if there is a potential of higher selling price, not necessary below market price.
-
i dont deny with hardwork and some luck, you can make some money from certain time piece...
but if we were to stick to the pure meaning of the word `investment', i think there are safer/faster way to make money...
Concur :Cheers:
Certain models can sell in US but no one wants here.
So buy cheap here and sell at market price in US
Tha reverse is true..
I used to buy brand new but after losing my pants when I tire of it and sell,
I buy pre owned now.
Only new watch i make $$ after about 5 years are my Omega 35th anniv ltd
and Rolex GMT Master II when it was discontinued
-
Then again,buy what you like if you are not in it to make $$,not what other people like.
Have many kakis who kill 2 birds with 1 stone.buy low,bored with it, sell at a profit.
And they get to enjoy wearing it as well.
-
Sold more than 50 watches thus far only lost $$ on 2 occasions.Trick is,do your homework and only buy them used.It can be profitable
I think every1 in this forum also must salute u!!!
But a real collector or watch lover dun sell their collection!!!
So better think y u buy a watch
1. U like the design, u want to wear it
2. u want to keep it bcoz u r a collector n u jus can't sleep without watch
3. U want to make money for the watch u buy, pure investment
4. Mix of above
when u r clear then only u do ur study... Y?
Collector will only buy mint n fullset watches if possible
investor will buy when he think the selling price is below Market
wearer will buy as long as design suit his style n status mayb
I must add... investor will buy if there is a potential of higher selling price, not necessary below market price.
Concur...in general look for underpriced hot models.Of course everyone knows "buy low sell high
I used to have this mentality of never selling whatever I buy.
Have wised up since as some pieces just dun get worn so I cannot let the watches pile up.
Might as well release some funds by selling them and buy something else I will include in my rotation
-
Good watch=good investment for profesional appearance/career (IMO)
-
Agreed, totally. Sell those you dun wear.
HOWEVER, when come to selling them breaks the heart. Even if you are offered @ higher price, you afraid you can sell it higher in the future and probably you will never get to buy it it back again. Dilemma
-
Good watch=good investment for profesional appearance/career (IMO)
I am not sure I agree. One thing for sure, wearing good watches have not helped my career. May be mine were not good enough and I need a Richard Mille or a MB&F ;D
As for professional appearance, sometimes wearing a bling watch will make you look like either a rich a$$hole or a wall street crook. A Georgio Armani suit is actually a cheaper alternative if you want a very smart, professional and powerful corporate look! :Laughing_on_floor:
-
I don believe that watches make good investment..... Simple as that...
If i were giving a ton of $ i will go buy gold bar/ buy some propeties in kl/ invest in shares and keep......
smart boy....where got invest in watches....sure lose money...you buy watches because u love it....but buying some good brand u may minimize the losses....hehehhe
-
Good watch=good investment for profesional appearance/career (IMO)
My CEO saw me with a PAM during meeting once and he said "I think we have overpaid you..."
Nowadays I go to our management meetings with either my Indy Tag or Baume..never my PAM
-
Why bosses or CEO alwiz think overpay? It is a good sign that an average salaried employee can afford a PAM or Rolex. It shows that the company is doing very well. They should give more bonuses.
Btw, I am in no circumstances undermining ameenzahari as an average salaried employee. :)
-
Good watch=good investment for profesional appearance/career (IMO)
My CEO saw me with a PAM during meeting once and he said "I think we have overpaid you..."
Nowadays I go to our management meetings with either my Indy Tag or Baume..never my PAM
For this question ... my answer always: *pretend to be embarassed* and say "Sorry lah sir, this one is a Super AAA Grade I got from Petaling street!" ;D
Disclaimer: I am not endorsing and buying fakes!
-
:Laughing_on_floor:. I would have said that the watch is my 6 months salary. The worst is to say that it is a cheap watch.
-
Another moral of the above story is that dont buy the "famous" and easily recognized brands such as Panerai, Patek, Omega and Rolex. ;D
If your CEO recognizes your AP or Lange, chances are that he/she also appreciate good watches and may not make the comment of over paying you!
-
Another moral of the above story is that dont buy the "famous" and easily recognized brands such as Panerai, Patek, Omega and Rolex. ;D
If your CEO recognizes your AP or Lange, chances are that he/she also appreciate good watches and may not make the comment of over paying you!
Better still, get an Urwerk..most people Would think it's Ben10's omnitrix..
-
depend on who r u working for... n what industry u r in...
a nowaday called financial planner and MLM member will need to show off to attract his follower....
so a bling bling rolek is good for them....
-
Why bosses or CEO alwiz think overpay? It is a good sign that an average salaried employee can afford a PAM or Rolex. It shows that the company is doing very well. They should give more bonuses.
Btw, I am in no circumstances undermining ameenzahari as an average salaried employee. :)
owning a PAM cant be an average salary earner....
dude any vacancy for me ?
-
Most of my friends,they arent interested about watch.So as long as there is watch to tell the time,they are fine. Im lucky to have good friends who are into watch.Our target to is get our dream watch(IWC & PAM)
-
good investment?nope... ;D
choose one
-amanah saham wawasan
-ASB
-Tabung Haji
-gold
better...for sure :Praying:
-
Sold more than 50 watches thus far only lost $$ on 2 occasions.Trick is,do your homework and only buy them used.It can be profitable
I think every1 in this forum also must salute u!!!
But a real collector or watch lover dun sell their collection!!!
So better think y u buy a watch
1. U like the design, u want to wear it
2. u want to keep it bcoz u r a collector n u jus can't sleep without watch
3. U want to make money for the watch u buy, pure investment
4. Mix of above
when u r clear then only u do ur study... Y?
Collector will only buy mint n fullset watches if possible
investor will buy when he think the selling price is below Market
wearer will buy as long as design suit his style n status mayb
yes, I agree... so I guess I'll never be an investor... ;)
-
Why bosses or CEO alwiz think overpay? It is a good sign that an average salaried employee can afford a PAM or Rolex. It shows that the company is doing very well. They should give more bonuses.
Btw, I am in no circumstances undermining ameenzahari as an average salaried employee. :)
owning a PAM cant be an average salary earner....
dude any vacancy for me ?
not quite... I remember the nerd... Oops... Is dr Bernard said, Singapore taxi driver
normally Like to wear rolex n pams nowadays...
If our pm high income nation plan successful
then mayb cleaner also wear deepsea... Maid wear frank muller!
-
Why bosses or CEO alwiz think overpay? It is a good sign that an average salaried employee can afford a PAM or Rolex. It shows that the company is doing very well. They should give more bonuses.
Btw, I am in no circumstances undermining ameenzahari as an average salaried employee. :)
owning a PAM cant be an average salary earner....
dude any vacancy for me ?
Then let's define what is the average salary, not nation average salary but among ur peers. Then we will know if an average salary employee can afford a PAM :)
I give it rm8000 with a rm200k house loan and a rm50k car, base PAM should be affordable after 3 months of saving and discipline (no clubbing and other ventures).
-
Why bosses or CEO alwiz think overpay? It is a good sign that an average salaried employee can afford a PAM or Rolex. It shows that the company is doing very well. They should give more bonuses.
Btw, I am in no circumstances undermining ameenzahari as an average salaried employee. :)
owning a PAM cant be an average salary earner....
dude any vacancy for me ?
not quite... I remember the nerd... Oops... Is dr Bernard said, Singapore taxi driver
normally Like to wear rolex n pams nowadays...
If our pm high income nation plan successful
then mayb cleaner also wear deepsea... Maid wear frank muller!
our pm plan only for the rich to become richer not the average and poor
-
Good watch=good investment for profesional appearance/career (IMO)
My CEO saw me with a PAM during meeting once and he said "I think we have overpaid you..."
Nowadays I go to our management meetings with either my Indy Tag or Baume..never my PAM
Some of the bosses jealous that his employee things better than him have this kind of ppl
-
Then let's define what is the average salary, not nation average salary but among ur peers. Then we will know if an average salary employee can afford a PAM :)
I give it rm8000 with a rm200k house loan and a rm50k car, base PAM should be affordable after 3 months of saving and discipline (no clubbing and other ventures).
what if he's earning slightly less than average, but does not need to finance a house nor a car...can he afford a brand new Sub or Millie?
-
Not a very good investment in compare to other...
but so far Rolex is a good watch to be own.
My uncle Rolex keep for 20 years..
now still can sell for rm2600...
if he sell this on '70..
That only cost rm350...
-
Then let's define what is the average salary, not nation average salary but among ur peers. Then we will know if an average salary employee can afford a PAM :)
I give it rm8000 with a rm200k house loan and a rm50k car, base PAM should be affordable after 3 months of saving and discipline (no clubbing and other ventures).
what if he's earning slightly less than average, but does not need to finance a house nor a car...can he afford a brand new Sub or Millie?
Even with rm6k salary he can provided he wants to blow all his saving on a sub. I probably won't do tat.