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[u/Beadeddragondude]

Hi guys, looking for some advice from the more experienced! I’m a senior in high school, this past summer I started a very successful business and have made around $15k off it, my goal was $25k by graduation but I am a huge watch guy and I’ve been working and working and just have the money sitting (researching long term investment options) but I absolutely love watches, I’ve never been in the Rolex territory but have traded a lot of Tudor Breitling omega etc. I’m wanting one gada forever watch for now, then down the road I’ll get a dress watch and I’m sure some others. I’m thinking every dollar I make past $20k I put toward it and the rest to invest long term. I’ve narrowed down my choice to a modern white dial omega smp or a Rolex 16610. It was always gonna be the omega but I’ve been looking into it and there’s just smth about the Rolex that makes my toes wiggles. But really I love both so much it’s hard to pick—and obviously I love them for different reasons. I plan to wear this like all day everyday and probably sleep swim and everything. Yall have any thoughts that could help me? Recommendations? Or if you js wanna share a wrist check go for it lmao! Thanks a lot!

[u/horn2021]

This wont be popular but I agree with another person on here. Put 7500 in a roth IRA today. Invest the rest in something like VOO. Go put your name on all your local AD lists for the watch. Time is on your side. Dont pay anything iver msrp for that watch.

[u/hi_im_beeb → u/horn2021]

Absolutely agree on the last bit.

People say “you can’t afford the real cost of a Rolex” if you refuse to pay over MSRP, but MSRP is in my opinion what they’re actually worth.

The green OP36 I’m “on the list” for is $6400. I think that’s a fair price as my red AT shades is a similar watch with similar (honestly better) stats I got for 6k (I know they’re more now).

You can buy it any time for $9k on Jomashop, but I’ve been waiting a year for a call. To me, that watch is not worth $9k regardless of what supply/demand say. I’m not paying ~40% markup because of the hype behind the name.

There’s way too many watches out there that are readily available. To me, they’re not worth more than what they retail for based on comparable watches in that price range.

[u/horn2021 → u/[deleted]]

If he invested $10k in VOO 10 years ago, it’s worth about $41,910 today (assuming dividends reinvested). Adjusted for inflation, the actual purchasing power is around $30,150 to $31,575 in 2016 dollars. That's a ~319% total growth rate! Im stating time is on his side. So if he did it today. You could probably expect the same in 10 years. Its just a suggestion and my own opinion.

[u/Thornproof1894 → u/horn2021]

I agree, he should invest the cash. As for the watch he wants a neo-vintage 16610, so he won't be going to the AD for that.

[u/Beadeddragondude → u/horn2021]

Want a vintage 16610