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      05-29-2013, 11:29 AM   #1884
RandomHero
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Drives: 2008 335i e92
Join Date: Apr 2013
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Quote:
Originally Posted by Cool Steal View Post
Really? Watches....?

Honestly, I have been a financial advisor for 25 years and performance car junkie... ...as your financial planner I recommend you save your money and stop wasting it on 1 to 3k watches....

If your going to waste your money....at least waste it on mods... thats what I used to do....


Scratched up Ironman Triathlon Timex....
I know you are joking around, but oddly enough I just had this same conversation with a client the other day (Iím also an advisor).

If youíre going to buy a watch, either spend good money on it, or spend $50 on it.

A $50 watch can be broken or lost and in the worst case, it cost you $50.

A $5000 Rolex Submariner may cost a lot of money, but quality timepieces will likely continue to appreciate in value. If you keep that watch for 5 years and sell it for $8000, you made $3000 on the deal.

However, a $1000 Movado is still an overpriced Quartz watch. The day you buy it, itís worth at most 70% of the value. In 5 years after it has seen some use, youíll be lucky to retain 50% of your money. In short, that watch cost you more money than the $50 or $5000 watch.
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