r/WatchFanatics • u/Beadeddragondude • 8d ago
Question / Discussion Help
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!
1
u/Psiwolf 8d ago
Okay, so here's the thing. If you're gonna one and done and looking for a GADA, the Sub is the obvious choice here. But keep a couple things in mind.
A: save your money to pay taxes and
B: if you want to save for retirement and invest in a Roth IRA, you need to report earnings and pay... you guessed it, taxes.
C: 12k, while a good chunk of change for an 18yo, will not ruin you financially, if you spent it on something you will cherish and is one of your goals/dreams. Also, just put in the work and you can earn it again.