Topic: Would you prefer to own a luxury watch or invest in bitcoin or other assets? (Read 1461 times)

Yes, this kind of choice will only be taken by people who have absolutely no problems in their finances in the sense of having a very good financial level and more than enough like some billionaires, as I said above that if indeed they are able and there is absolutely no coercion from other parties with a record of their own willingness then obviously there is absolutely nothing to be concerned about because everyone has different choices and has the right or freedom for everything.

Of course as I said earlier that this option is only for those who have very good finances, and it is absolutely not recommended to be done by people who have medium or even below average finances because obviously this will only cause problems with their financial balance, After all I think that even if they have the desire to buy an expensive watch for example but if their financial situation is not favorable then obviously they won't be able to do it unless they overextend themselves and act stupid by borrowing money from one of the services to buy something they want which will basically just cause problems in their finances, and I think this is nothing more than just their dream because I'm sure they realize that they don't have the ability to do something that is done by people who have very good finances.

In general and overall I understand and I've said before that some luxury items also have a fairly high investment value as do some people who act as collectors, and maybe this is nothing more than a choice, in the sense that everyone has their own choice about whether they will invest by collecting some high-value items such as watches maybe or choose to invest directly in some assets that they trust.

This is a good question you raise here, and one I think a lot may be misinformed on.  Yes, there are certainly watched that make for solid investments.  For whatever reason people love Rolex watches.  I think the market is entirely manipulated, and that their watches look very average..but that's just me.  Sure they can make for good investments, but not like bitcoin as they don't nearly have the same upside.  Also, I'd rather invest my money in say an S&P 500 ETF like Vanguards VOO fund, which is a much safer option that is well diversified.

The age I am in, I am looking to secure my future so I am more interested in asset building and investing in stocks and bitcoin. Luxury items are not my thing, I consider it waste of money until you have a lot of money. Why buy an expensive item when you can manage with cheaper option. At the moment, saving for the rainy day should be our priority. As I am looking for a PhD position so paying application fee is more important for me than buying an expensive watch.

If the assets I own can no longer be counted, luxury watches are not my hobby to consider, even though my economy ranks number one in the world, for example.

Until now I have never worn a watch, whether it is a cheap one or an expensive one, for me watches are very complicated and annoying for me, talking about investment of course I will do it in several places, The main thing is Bitcoin, then other things such as gold, land and so on. For me, watches are inanimate objects, not assets that can be said to be the basis for investment.

Even though investing in watches has fantastic value, this form of investment is only favored by certain communities or hobbyists and cannot be enjoyed by all groups.  I think investing in Bitcoin or other assets will be much better and can provide much greater profits in the future

I agree with you, rich people usually do things like this, collecting items that have a high price value, because I also think that when someone is used to luxury items they won't be able to afford to wear or use items that are below them. I don't know how but I think it's like that. Moreover, those who are rich also don't have problems with finances so they can do whatever they like. because that is also their own right, but even so, there are definitely friends or family who remind them not to overdo it.

That's right, if they don't have enough money or don't have a large income, then this shouldn't be done, because for those who don't have a large income but doing something like this might cause them financial difficulties themselves. This is not a problem but this is just a difference in our thinking in managing finances. If I have a lot of money, I would be better off investing it, such as buying a strategic place and then renting it out or using it myself with the business I run. I myself don't really like buying clothes or accessories that have high prices, because I prioritize function. If that's the function then that's enough, don't overdo it.

This is one of the reasons why I love to invest in Bitcoin compared to any other physical assets. The convenience, hassle free and stress free possession of Bitcoin is unrivaled.

Both can be liquidated but it's harder with the luxury watch. Why I am thinking of can be liquidated easily because in times that we need money, are you able to get it quickly? With Bitcoin, it's easy to liquidate it and for some other assets, it will take time like with real estate. As for a luxury watch, I still have no experience on it because I don't own one but it is on my watch list and I am starting to learn how the market on it happens to be in my locality.

It depends, maybe a few, yes, I will buy 1 or 2 luxury watches, but if I want to protect my money, overall I will buy Bitcoin and gold, especially Bitcoin, which is the easiest to carry anywhere and without the energy to move it.

We have to invest according to our needs and the finances we have according to our monthly income, so not everyone is lucky enough to be able to invest in luxury watches that cost hundreds of thousands of dollars, but bitcoin investment can be reached by all economic groups. I agree with your opinion that it is better to diversify into various investments rather than placing investments in one place, we do not know how unpredictable the risk of the investment we choose will be for future prospects, at least investing in different types, bitcoin with gold or real estate the possibility that other investments can recover losses from other investments.

The benefits are only limited to social status in society because there are not many people who wear expensive goods in society so those who are like that will be seen as rich people who are considered successful. In fact, there are no benefits other than that, unless someone can collect rare expensive items to resell at a higher price to other rich people. Because most rich people like that are looking for profits through this other than through their own business from various fields and sectors that are more focused on.

Usually those who have such collections do so as a hobby. The choices made by people who do not have money problems can be very normal for them. When a rich person wants to make such a collection, they do it.

It is not right for people who don't have enough money to spend on such things. A person may have such a curiosity, but if the economic conditions do not allow such a process, it should not be done.

I would probably behave like you, that is, I would prefer to invest rather than spend like that. As you say, a person who has enough money to buy such a watch is free to do what he wants. It's about preferences and we can all think differently.

They are obviously liabilities because in an onset, it is not considered an asset neither does it profers you financial benefits and incomes generations at the times of its usage with you. They are basically termed to attribute your personalities with the huge tittles of living an expensive life with expensive belongings. There is no financial benefits with such status of portfolios.

I myself think it's just a watch whose function is only to see the time, nothing more.
but this depends on yourself, because there are some who have luxury watches, not just one, but maybe many and indeed perhaps this could be called an investment, but I think if they have many luxury watches it is more directed towards a hobby that where they like to collect luxury watches with high price values.

different from me, when I have a lot of money I don't think I will buy a luxury watch, because someone's quality standards are different, if I prefer to prioritize the function first, I don't argue with those who buy watches at high prices, because that's why their rights, as long as they have enough money to buy it then it doesn't matter, but I myself prefer to invest what I have rather than buying it for a luxury watch that has a high price. And indeed there are people who like to collect old school or luxury items, for no apparent reason they have a high price, so you could call it an investment too.

Exactly! there's nothing wrong if you want to experience having a luxury things in life but always remember that do not live within your means. It's better if you weight things which is more important and worth it to have, I don't mean to say that luxury watch isn't important but with the value amount of that watch, you are able to buy and to invest many important things unlike having solely luxury watch. if you have a money, you can diversify it to different type of investments and assets.

Its just a wrist watch...anyways,how does owning a luxury watch mean to me?like why must I own a luxury watch.....

Its not a bad idea to live well or being able to afford a luxury lifestyle but in most case I've never considered owning a a luxury watch against my  financial situation,,most people prefer to own so many luxury watches than investing.But I'll love to own a collection of such luxury watches and run a business as a side hustle.Isn't that also an investment;owning a collection of high quality and high branded luxury it simply going to be interesting.

But not everyone who has a lot of money sees expensive watches that they will buy to wear just for style. Still, this kind of watch also has good investment value in the long term because of the limited production possible.
Talking about suitability, perhaps the lower middle class would prefer to invest rather than buy a watch, especially when talking about the availability of money, which they will definitely never be able to afford.
The desire to own luxury goods at expensive prices is a common thing, but speaking of opportunities, not everyone can have them so there is no need to think too far about having something that we cannot possibly get.

Well, based on my standing right now, of course I'd rather choose to invest than own a luxury watch. Yes, it's every man's dream to own a luxury watch; that's how we are, but it's still practical to enable us to invest and grow the money, so in the latter time, I can't just own a luxury watch; I can buy it whenever I want. You see, these days, it's more wise and practical to start a business or to invest so that you will not just rely on your stable job. In short, don't be content with the minimum if you want to achieve something greater. Have the courage and the mindset to grow both yourself and your financial state so, in the future, you can own what you want without restriction. It's more satisfying if you can afford those things that you know you can't when you have nothing, so it should be a goal—a goal to invest in and to succeed.

When we invest, it's important that we know what we are getting into and has a knowledge about it to become familiar and to know how can we take advantage the opportunity. Well, I know luxury watch is a good investment because I used to watch a luxury collections of the popular personalities here. But it's not my interest (I don't even have a cheap one since im not using watch).

That being said, when it comes to investing, I prefer Bitcoin and gold (real estate is also good but we need a decent capital). Because that's already proven by me as profitable and of course I have knowledge about it.

I will definitely choose bitcoin and gold as investment assets. Because if I choose a watch and make it an investment asset, it doesn't feel right to me. Apart from investing in a watch, there is a risk of damage. So I'm not really interested in investing in watches.