Car is a liability. Price of Rolex watches will appreciate after times
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Nice Car or watches?
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Originally posted by monstaR View PostGuys,
Whenever I think of changing my ride, I keep measuring the depreciation against another watch that I can own. Hence I have constantly scraped the idea of getting a nicer car.
Do any of you have this dilemma? Example a Merc has around 15-20 k depreciation per year dependent on how long you hold onto it.
Thoughts?
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This isnt a fair question to ask.
Most people will choose watches becos cars are too expensive here
$50k versus $500k
$30k versus $300k
In other parts of the world, it might be different.
To me it doesnt matter what car with what watch as long as the money used to buy the items are self-earned and no loan is taken so as to be able to buy the items.
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I would go for a nice car if my job involves entertainment, or if first impressions are really important in my biz encounters. A car is a fast depreciating asset, but if this asset's decay in value is offset by the growth in my income, I would still invest in it.
An expensive watch is good for self-confidence and may be important as a perception point, where others make a view of you, but in relative terms, it features less strongly in how people evaluate you. You may wear an apple watch for instance, which cost less than a Rolex, and still score a plus point in the eyes of your customer or biz associates.
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Originally posted by Trinidad View PostThis isnt a fair question to ask.
Most people will choose watches becos cars are too expensive here
$50k versus $500k
$30k versus $300k
In other parts of the world, it might be different.
To me it doesnt matter what car with what watch as long as the money used to buy the items are self-earned and no loan is taken so as to be able to buy the items.
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