Comment on Go into debt if you have to
boonhet@lemm.ee 1 week agoDoes 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.
subtext@lemmy.world 1 week ago
There are certainly better investment options. You don’t see Jeff Bezos sinking his fortune into Rolexi
boonhet@lemm.ee 1 week 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?
subtext@lemmy.world 6 days ago
This is true! There is no accounting for sentimentality.