Watch vs savings

[Alexlow]

I know there will be no general consensus but i like to know what you guys think.
Say if your watch value + your personal savings +100%, how many percent goes to savings and watch respectively. (eg. watch-20% saving-80% etc..)
Or what you think is a healthy ratio?
Thanks for the inputs.

[Rolex01]

I know there will be no general consensus but i like to know what you guys think.
Say if your watch value + your personal savings +100%, how many percent goes to savings and watch respectively. (eg. watch-20% saving-80% etc..)
Or what you think is a healthy ratio?
Thanks for the inputs.

I feel that buying fine watches are just like buying property. They are an assets to you. Money that are in savings account are not yours until you had spent it.

As long as you set aside 6-9mths of expenses as emergency fund, the rest of the money are simply lying back earning low interests.

Might as well invest in another property or watch?

[ngokyc]

With the current economy and seems getting worst, it is safer to have 24 months of emergency funding. Just my 2-c.

However, it is a good time to buy in watches if you have enough $$.

[seiko.citizen]

Always good to have savings. As for the ratio, only you can comment how comfortable you are willing to spend/save.

[Alexlow]

Aiyo..I'm more like asking what's a prudent percentage watch over savings. Property, cars, toys all come out. Lol..
Anyway I agree with watch like cars are non liquid asset.

[Oceanklassik]

Ok since I'm just earning a meagre 2K/mth, about 500 goes to my watch hobby. So I'm mostly saving very hard & long for an expensive watch. Or pay in installments ...

[chiu_peow]

If the money I put inside my savings account are not mine until i spend it, then the money in my savings account belongs to who? The bank?

I feel that buying fine watches are just like buying property. They are an assets to you. Money that are in savings account are not yours until you had spent it.

[Oceanklassik]

I feel that buying fine watches are just like buying property. They are an assets to you. Money that are in savings account are not yours until you had spent it.

As long as you set aside 6-9mths of expenses as emergency fund, the rest of the money are simply lying back earning low interests.

Might as well invest in another property or watch?

I think this post has very serious problem. I DO NOT think buying fine watches is like buying property. Not all fine watches are assets. And honestly, no one should be taught to believe one can invest in watches

[seiko.citizen]

agree, property are investment, watches are just toys that at best holds its value
cars are worst , toys that doesnt hold value

besides vintage what other watches can hold value? also based on the comment in bold, it seems that you imply that watches appreciate in value. care to share which ones?

[patrickmaniac]

Bro chun boh? hehehe

everytime at gtg must be dam poisoned man.

Ok since I'm just earning a meagre 2K/mth, about 500 goes to my watch hobby. So I'm mostly saving very hard & long for an expensive watch. Or pay in installments ...

[Rolex01]

I think this post has very serious problem. I DO NOT think buying fine watches is like buying property. Not all fine watches are assets. And honestly, no one should be taught to believe one can invest in watches

Well, I believe there is no right or wrong in these sense. It is different school of taught.

[Rolex01]

Well, I believe there is no right or wrong in these sense. It is different school of taught. My definition of an asset is a property that I owned with monetary values.

As you mentioned not all fine watch are assets are you referring to those fine watches are of no monetary values?

If you owned 10 watches that you bought it for 1M, if the current value of those fine watches are auction or value at 100k, those are still an assets to oneself.

Just like property market in SG, who dare to say buy property in SG prices 100% will go up? Prices don't come down?

Insurance companies in singapore do cover fine watches and value them as assets too.

[Oceanklassik]

I feel that buying fine watches are just like buying property. They are an assets to you. Money that are in savings account are not yours until you had spent it.

As long as you set aside 6-9mths of expenses as emergency fund, the rest of the money are simply lying back earning low interests.

Might as well invest in another property or watch?

Well, I believe there is no right or wrong in these sense. It is different school of taught. My definition of an asset is a property that I owned with monetary values.

As you mentioned not all fine watch are assets are you referring to those fine watches are of no monetary values?

If you owned 10 watches that you bought it for 1M, if the current value of those fine watches are auction or value at 100k, those are still an assets to oneself.

Just like property market in SG, who dare to say buy property in SG prices 100% will go up? Prices don't come down?

Insurance companies in singapore do cover fine watches and value them as assets too.

Your second post is better said.

Tx for clarifying your thoughts.

[Rolex01]

I have one more point to add, as for property, we cannot term it as an assets until we have fully paid unless we have forgotten your mortgage loan. E.g If I bought a property for 1M and I took a 800k loan. If the property prices fall to 600k...fyi I am required to do a top up of 200k which makes me in negative equity state.

My take is any property is not fully paid is liability and not an asset.

[Oceanklassik]

Bro chun boh? hehehe

everytime at gtg must be dam poisoned man.

I'm just a poor bloke, dude. Can't match up with many here

Well, I'd inject myself with some "antibiotics" before I attend those gatherings