Post
Topic
Board Economics
Re: Would you prefer to own a luxury watch or invest in bitcoin or other assets?
by
nesty
on 11/07/2023, 00:13:23 UTC
Luxury watches at the top end of the market can be considered as an alternative form of investment. While I don't possess extensive knowledge about watches, my understanding from available information suggests that reselling them can yield a substantial profit. The return on investment for luxury watches tends to be quite satisfactory. Prominent examples of such watches include Patek Philippe, Rolex, and Audemars Piguet, some of which have a waitlist spanning two years. Most of these watches tend to appreciate in value.

However, the worth attributed to an item is typically influenced by its demand and supply. While I believe that owning one or two high-end watches, provided they are well-maintained, may outperform stocks, gold, and real estate, it's worth noting that their appeal may diminish over time. This is because future generations are increasingly gravitating towards other interests, such as bitcoin and other emerging trends. If given the choice, would you prefer to own a luxury watch or invest in bitcoin, digital assets, gold, stocks, or real estate?

That is true that luxury watches could be a good investment because their value appreciate overtime. But for me i would prefer  investing in bitcoin because i can do trading anytime or i can keep it for a long time and i know that the price of bitcoin will appreciate soon with that i can take profit and reinvest again. I would also invest in real estate because the value will appreciate overtime, i would love to have my own farm with a lot of trees, animals, vegetable garden etc. Having a farm could save money because it can be a source of food, prices of food are getting more expensive nowadays and we need to have an option to be able to save.