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Quote from: alastantiger on July 08, 2023, 12:31:05 PM

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?

First of all, I am not a luxurious person, and I have no passion for such things. I would rather use the luxury purchase here as a crypto investment. At least in this way, it is possible to produce a profit.

Instead of buying a luxury that can't be considered an investment, I remembered that I watched someone when the iPhone Pro Max 15 was first released. There was an interview, and he was very happy that he had bought an iPhone Pro Max or that he already had one, and he said that it was a good investment. I just laughed because what he was saying was not true and he didn't seem to know what he was saying.

Every expensive gadget, as time passes, decreases in value, not increases, unlike real estate, which increases in value as the day or time passes.

You're right about luxury vs. bitcoin from a typical investment perspective. It's simple, right? Luxury items depreciate; it's like watching money evaporate. Crypto? Though hot in the investment world, it's volatile and unpredictable. Prepared for that roller coaster? Yes, the iPhone Pro Max guy is wrong to assume it's an investment. However, investments aren't always about money. Could he value it for its delight, status, or utility? We can't ignore that.

You're emphasizing that tangible things like real estate appreciate. It's investing 101. But consider intangible returns from certain purchases. Sometimes value lies in the experience, efficiency, or delight, not the resale. Balance matters. Not everything can be painted the same. Crypto's a hot ticket, but not a cure-all. You need market knowledge and strategy. Calculated jump, not blind. Making that calculation?

Totally true dude, that's why luxury people are really rich people, because they have a lot of money they don't think about whether they're wasting money, because you know they might be having problems with how they're going to spend their money. Maybe that's why they spend it on buying luxury cars.

But for other rich people who are not that fond of luxury cars, they spend more on investment than this thing. So, we should always be there to produce profit from the investment we will make.

That's right bro, those who buy luxury watches are rich people, as if for them it's an investment because maybe they're making it a collection. With so much money, they don't know how to spend it, so maybe they are buying any luxury items. I believe that not all investments are about money.
I also dream of having luxury watches and luxury cars that's why I work hard to fulfill and get what I want in the future.