Comment on Go into debt if you have to

• boonhet@lemm.ee ⁨2⁩ ⁨months⁩ ago

  Does a regular ol’ Rolex actually ever appreciate?

  Never thought of buying one and honestly couldn’t afford at the moment, but maybe start a small collection when I’m 40 or 50 so I’d have something to hand down to the kids besides boring-ass money?

  Then again if I really wanted to flex that bad, I could just walk into a Ferrari dealer in shorts and a t-shirt and buy one. If I was rich enough to avoid Rolexes in the first place because apparently a Ferrari is like 4 or 5 watches.

  source

  • subtext@lemmy.world ⁨2⁩ ⁨months⁩ ago

    There are certainly better investment options. You don’t see Jeff Bezos sinking his fortune into Rolexi

    source

    • boonhet@lemm.ee ⁨2⁩ ⁨months⁩ ago

      Oh definitely. You can’t really go wrong with an index fund tbh. I meant that as more of a theoretical: Suppose that you want to leave your (grand)kids something with sentimental value that also appreciates in monetary value, would a Rolex collection fulfill that purpose?

      source

      • subtext@lemmy.world ⁨2⁩ ⁨months⁩ ago

        This is true! There is no accounting for sentimentality.

        source