Which would you rather invest in both from a financial point of view and from what would give you joy/entertainment?
For watches, I'm talking about Rolex, AP, Vacheron, Patek as they are the ones that hold/increase their value the most.
Which Would You Rather Invest in? Crypto, Watches or LEGO
Lillusion99 on 30/07/2022 - 11:20
Poll Options
- 13Luxury Watches
- 24Crypto
- 60Lego
Comments
Don't know why you're getting downvoted, it's the right answer.
Says who?
Since when has man been able to influence the climate?
LOL LOL LOL LOL
Most luxury watch prices are currently on the way down.
Then again, the growth over covid was pretty wild.
Why is that? People on lockdown so they are looking at the watches wish the time goes?
Lol. I don't follow luxury watch market closely but I'm guessing people getting rich from crypto boom we're paying stupid prices for watches.
This is mostly it. People who wanted to flaunt their newfound wealth purchased Rolex, AP, Patek, VC etc… that shot up demand which then skyrocketed prices. Some Rolex steel models traded at over 500% retail with ease. Patek even more stupid.
Now that Crypto is on the downfall people are trying to offload their watches for cash, which is now having the opposite effect and flooding the market. For example, Blue Dial Skydwellers are now as low as mid 30's on Chrono24, where only 3-5 months ago they were over 50k.
@Pelicannn: Not necessarily on Chrono24 but Starbucks and Daytona's (at least the stainless steel ones) have dropped a fair bit in Hong Kong to the point where I don't mind paying the scalpers. The only problem is, there's still a 5 days hotel quarantine to get there…
I reckon it's an excellent time to buy as you can't always predict where the trough is.
@mini2: DCA on the steel sports perhaps… but still, I have been collecting watches for many years. Even 5 years ago I could walk into an AD and buy a GMT Master II (which i did in 2017 in Doha), Explorer II or DateJust etc. Not Daytona but pre ceramic Daytona in 2010-2013 was no problem. I said no to a Batman at retail in 2018 in Miami though that was a bit stupid in hindsight now…
I have a feeling (and personally I hope) that Rolex becomes irrelevant among the hype beasts so that people can go back to purchasing for those who want the watch and not for status or to make money on it in a few years.
None as they are all speculative and return varies more than the ASX on an extreme day.
I invest in Ozbargain deals.
Also you forgot an option in the poll mandatory for all polls eneloops..
You forgot to put rare basketball shoes in the poll
Yes my bad. Michael Jordan's 'flu game shoes' sold for over $100k about 10 years ago. So probably worth more now
Invest in 🧻
I poo on your excellent suggestion and then flush it.
Plenty wiped out doing just that….
The impression I had was that people speculated on LEGO leaving it new in the box. I mean dunno how much joy you can get staring at a box but hey, I'm not an art gallery guy :P
Where's the great aussie past time option of over-leveraged properties?
The joy for them is in the investment return. Not staring at the box.
I'm pretty sure watches would also retain their value better if boxes.
And with crypto there's not much to look at.
Properties have a slightly higher barrier to entry.
Diversify across all three.
Bargains.. i buy something worth $100 for $50…. i've made $50… now i have no money though so not sure what happened…..
Tax deduction is what happened.
What joy is there in collecting Lego but keeping it sealed in the box to preserve value? The joy comes from building the things. So I'd say luxury watches, because at least you can wear them and if they are the right watches they will still go up in value. But then you need to put in loads of research into finding out what the "right" watch is, suddenly it's not fun anymore. Crypto is over so there's definitely no fun to be had there.
If you have money to spend buy a food franchise or something and pay someone to run it all for you. People will never ever get sick of stuffing their faces with junk food.
Depends on the Lego set. I've sold pre-built Lego Porsche and Lego Piano for a profit. Some people just want it as a display set but don't want to build it. Yes I don't get it either but hey money is money
If the Porsche was the 911 GT3 they often change hands now at about 3 x the lowest prices you could buy them for when they were new.
Which Would You Rather Invest in? Crypto, Watches or LEGO
Which Would You Rather
InvestSpeculate in? Crypto, Watches or LEGODoesn't generate an income? Then it's speculation that there will be a bigger fool to pay a higher price for you to make a profit..
Yes that's right. I wonder if those people who bought Omega Moonswatchs to flip ever made a profit. I see on FB marketplace heaps of Moonswatches being discounted from something like $1000 to $500. Still over retail but the hype has died down over what is basically a plastic toy watch. Glad not many fools are paying over retail for those. Even retail price is a rip off
Wow I didn’t even know these existed. As a kid who loved his swatch and an adult who would love an Omega but can’t justify it, this would sufficiently scratch an itch
Edit: LOL every single seller on marketplace in my area is coming up as “Also a member of Lego buy swap sell” haha
Where are all the crypto stans?
Where is the option for actually investing rather than gambling?
ASX index tracker thank you, it's something that actually has value and is almost certain to provide returns both in dividends and capital gain.
Sure if you want to be an actual adult and be fiscally responsible
I own all 3 but the watch was bought because I wanted it not because of value. It’s also not a model that is as high tier as the ones above so I never expected it to go up in value but I could comfortably sell it for more than what I paid new as I’ve kept it in good condition.
Crypto I bought for a laugh. Still worth a bit more than I have invested in so still a smile on my face.
The Lego I have never bought a set I wouldn’t happily keep and build though so it’s not purely investment but I usually buy them, forget about them for 2 years and then realise what they’re selling for online and make the decision not to build ever haha.
I have bought about half a dozen sets though as speculation based on what I expect to happen (iconic cars as speed champion sets etc..)
Don't forget there's no CGT payable with LEGO or watches. The only spectacular return from watches is if you can buy them at RRP. Instant profit as soon as you've paid for it.
I got a whole heap of very large Lego set that have never been opened, bought for my kids to play but for one reason or another they open some and some are un-opened and still stacked on the shelves.
last time I checked all of these set now worth many fold what I paid for them
most of them are Star wars Ultimate Collector and Creator Expert seriesNot really wanting to sell but maybe hand me down to their kids
Lol, my kids try to open lego before we even get home from the store (or these days; the second it arrives on our doorstep). The only lego in my household that remains unopened for more than 1 hr is lego that is bought as a present for someone else, and can't be opened…
Climate. I’d invest in climate from financial point of view and from joy and lifestyle