Best Time To Buy An Expensive Watch? Neva!!!!
By Pete on Jun 17, 2009 in Bad Spending Habits, Featured | Post a comment
My fellow Americans, let me get this off my chest right now: a high-priced watch is a terrible investment! Sure, certain brands may hold their value somewhat over time, but most of them do not!

For the most part, watches depreciate in value. Exceptions exist of course (like a Patek Philippe [if you can afford these, what are you doing reading my blog? LOL]). However, the one you’re probably looking at is not going to be an investment piece, but something to wear and enjoy, right? In this case, if you get a huge discount, say 50-75% off retail, you’ll be much better off than getting mugged with the M.S.R.P. (neva do this …. eva!) As a rule of thumb, know that any kind of jewelry is going to generally be a bad investment, but if you buy a watch that’s made of 24K or has a bunch of diamonds in it, you’ll guarantee yourself that there will always be some value due to the materials involved, if nothing else…
What’s a watch really worth when you break it down? Personally, I believe a sharp looking watch should retail for under $300. I’m pretty happy with stainless steel or titanium; I don’t need silver, gold, diamonds and whatnots on there, and it doesn’t have to be mechanically complicated (just tell me the time and look good)! I swear, the watch companies must have gotten together one day and concocted some dastardly plans to rip everyone off (that’s right: consumers are being robbed blindly … these watches are not worth nearly what these thieves are charging). Do yourself a favor before you blow your cash: decide what it’s worth to you first! For example: is a $10,000 watch worth 10 times the amount of a $1,000 watch to you (God, I hope not)? What about a $1,000 watch and $9,000 in other items (say a vintage ’51 VW Beetle Split Window Deluxe. Again, NOT!)? Continued







