Post
Topic
Board Economics
Re: Would you prefer to own a luxury watch or invest in bitcoin or other assets?
by
0t3p0t
on 27/12/2023, 16:48:31 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?
Well for me those list of watches are considered as an asset because of it's collectors value. But for me a $100 GShock watch is enough because to be honest I can't afford to have expensive watches like Rolex or Patek. As a primary investment choice I personally prefer real estate, precious metals/stones and Bitcoin beacuse all of them are future proof. But if given a chance to buy a "collectible luxury watch" then why not?