Not worth buying in gen

[Doright]

An illusion has been created over many years that a thing that tells time is worth $20,000 or $50,000. That's what marketers strive to achieve. And that's what powerful brands do over time.

A guy posted on one of these forums that worked at Rolex that a Rolex cost $500 plus the cost of precious metals used or diamonds to make. So rep pricing is what these things are actually worth and if they get stolen lost or scratched there is little attachment.

Many guys on here have mentioned they can afford gens but many of these reps are so good that it's a waste of money to buy gen. So are we stupid or smarter than a guy wearing a gen is the question?

I would argue that a watch (like anything else) is worth what people are willing to spend on it.
It really doesn't matter what it cost for them to build it. You gotta remember, Rolex has spent decades designing watches, engineering in-house movements and spending countless millions on R&D and Marketing to build quality and brand loyalty. When you see that ROLEX logo, you're also paying for all of this.

Are you smarter wearing a rep? - that's up to you to decide. Like I mentioned, many Genuine owners would NEVER buy a replica because they feel it is dishonest to take that Rolex logo (and all those years of design, R&D and Marketing) and slap it on a chinese watch with a $10.00 movement.

I'm not being hypocritical because I own reps, I'm just saying - there's a large portion of watch wearers who would never think of buying one.

 

[Ultra929]

I'm not being hypocritical because I own reps, I'm just saying - there's a large portion of watch wearers who would never think of buying one.

Right. Good points. And thats how it works - luxury manufacturers present a lifestyle and image that the public buys into based off Edward Bernays principles of propaganda and public relations learned from his famous uncle. We are just buying stuff to obtain some happiness or status in it, and the manufacturers are providing the supply.

Most members here see reps for what they are worth and you or others may see value in the real deal.

 

[gocougs]

80% of people that invest in the stock market lose money. At least you can wear your watch.

Not sure where you are getting this info from. A diversified portfolio is very safe over time. An expensive watch will usually lose money over time not to mention its maintenance.

 

[Ultra929]

Not sure where you are getting this info from. A diversified portfolio is very safe over time. An expensive watch will usually lose money over time not to mention its maintenance.

Ive been selling investments for 20 years. In that time nobody has continually profited that I know out of thousands of investors. Everyone lost money in the mortgage crash somewhere in their portfolio.

Where am I getting my info? CNN: http://money.cnn.com/2016/02/01/investing/stocks-markets-january-93-percent-lost/

 

[gocougs]

Ive been selling investments for 20 years. In that time nobody has continually profited that I know out of thousands of investors. Everyone lost money in the mortgage crash somewhere in their portfolio.

Where am I getting my info? CNN: http://money.cnn.com/2016/02/01/investing/stocks-markets-january-93-percent-lost/

So the market was down in January. I must be really lucky I guess to have long term investments in my retirement account actually go up.


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[Ultra929]

So the market was down in January. I must be really lucky I guess to have long term investments in my retirement account actually go up.


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It should go up for sure as the index goes up due to inflation. Most investors lost in 2015 as well.

https://www.google.com/amp/s/amp.cn...g/stocks-market-2015/index.html?client=safari

 

[Doright]

Ive been selling investments for 20 years. In that time nobody has continually profited that I know out of thousands of investors. Everyone lost money in the mortgage crash somewhere in their portfolio.

Lol. You've been selling investments for years and not one of your clients has profited? A simple S&P index fund has historically earned about 10 percent since the 1920s.



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[Ultra929]

Lol. You've been selling investments for years and not one of your clients has profited? A simple S&P index fund has historically earned about 10 percent since the 1920s..


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Lol. Who can predict the S&P and has all investments aligned with it? Who only invests in the US market?

Fund managers do well but I'm talking individual investors. If everyone were
Making money in the market or Vegas everyone would be millionaires

 

[lfarcos]

Is the Tag Heuer aquaracer ceramic 500M as candidate in this list? (Photo captured from the forum)

 

[lfarcos]

I have seen in this list the IWC Ingenieur (number 11 of the list). Which one? Link to TD? Thanks a lot.

 

[sbjb93]

This is my only gen and I think it's worth every penny

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[replicalover]

Looks like a raffles dial I bought a week ago for $30. Very nice piece indeed

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[Bizznes101]

Lol. Who can predict the S&P and has all investments aligned with it? Who only invests in the US market?

Fund managers do well but I'm talking individual investors. If everyone were
Making money in the market or Vegas everyone would be millionaires

I've been a stock broker on Wall Street for 17 years. People make money- Not sure what you've been doing. We're in the midst of the 2nd longest bull market in history- and looks like that'll continue. If you haven't made money in this market, quit the business.

 

[replicalover]

Well, you should know by now the markets are rigged after 17 years of being in the business. I'm preparing for a crash.

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[Scotch]

I've been a stock broker on Wall Street for 17 years. People make money- Not sure what you've been doing. We're in the midst of the 2nd longest bull market in history- and looks like that'll continue. If you haven't made money in this market, quit the business.

I agree 100% - if you can't make money in a bull market then just buy into a mutual fund. Christ, anyone with an etrade account could've made 40-50% on the gold rush in Q1-Q2 and AGAIN on the small cap rally from the Trump Bump.

Speaking of...we need a stock tips section on this forum. Would be a nice addition. 72.5 Jan 20 Calls on WMT are looking pretty good right now

 

[Scotch]

[MENTION=36186]replicalover[/MENTION] Crashes don't happen over-night. If it starts getting bad, just pile into SQQQ, SDS, and SDOW and profit.

 

[reckoner777]

I've been a stock broker on Wall Street for 17 years. People make money- Not sure what you've been doing. We're in the midst of the 2nd longest bull market in history- and looks like that'll continue. If you haven't made money in this market, quit the business.

Okay can I get into the business instead of him? I need to retire early! #RetirementGoals

 

[Ultra929]

I've been a stock broker on Wall Street for 17 years. People make money- Not sure what you've been doing. We're in the midst of the 2nd longest bull market in history- and looks like that'll continue. If you haven't made money in this market, quit the business.

Thanks for the advice. I never said people didn't make money. Please go back and read my comment. All investors win and lose in the market like in hands of blackjack at a casino. Are all your clients of 17 years making money on all investments every year?

I initially said people buy expensive gens as investments. I meant complicated low production watches and watches like 6263s etc.

 

[gocougs]

Thanks for the advice. I never said people didn't make money. Please go back and read my comment. All investors win and lose in the market like in hands of blackjack at a casino. Are all your clients of 17 years making money on all investments every year?

I initially said people buy expensive gens as investments. I meant complicated low production watches and watches like 6263s etc.

You said 80% of people lose money on the stock market.


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[Ultra929]

Called the 80/20 rule bro. Also I attached articles from CNN that backed up my claim. You think most people win or lose in Vegas? Financial markets are the same. Not sure why you think there's no risk in investing and everyone is profiting??