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-   -   So I am thinking about a new fancy watch... (https://www.early-retirement.org/forums/f29/so-i-am-thinking-about-a-new-fancy-watch-109082.html)

Koolau 05-02-2021 11:58 PM

ca. 1972, Dad went to Italy. He'd always wanted a nice watch. (Apparently, the Accutron the family chipped in for wasn't it.) So, he found a bargain Omega watch. He proudly presented it to the customs inspectors upon his return. They chuckled and sent him on his way. YMMV

phil1ben 05-03-2021 05:43 AM

I look at it somewhat differently. A watch in your sought after category is something that will live long after you are gone. I wouldn't call myself a watchhead but I do have some heirloom watches (Jaeger Reverso Duo and Breitling Navitimer) that I will pass down to my sons. The only advice I can provide is try to buy something "timeless".

My father bought an 18K gold (watch is gold and the band/bracelet is gold) Piaget in the early 80s. He did pass it down to me. I will probably pass it down but it has gone out of style. It sits in a safe. I have been thinking of going to Tourneau and trading it for a Patek because it truly just sits there. A watch with that much gold is not my style. My adult sons have seen it and feel the same as I do.

If you can afford it, do what makes you happy.

Dawg52 05-03-2021 06:34 AM

An old golf buddy of mine owned a Rolex. He would put it on after his round of golf. He said he had always wanted one and it was a gift to himself when he retired. Poor guy passed away earlier this year from cancer. He only got to enjoy retirement and his watch for a couple of years.

If you want one....buy it. As others have said 'do what makes you happy'.

boilerman 05-03-2021 02:12 PM

I got a Rolex about 20 years ago and wore it daily until recently. About every 5 or 6 years, it would stop working and needed to get a “cleaning”. When Rolex does their maintenance, it comes back looking and running like new. But I paid almost $900 for the last cleaning. Talk about blowing dough!

USGrant1962 05-03-2021 02:16 PM

Quote:

Originally Posted by boilerman (Post 2601716)
I got a Rolex about 20 years ago and wore it daily until recently. About every 5 or 6 years, it would stop working and needed to get a “cleaning”. When Rolex does their maintenance, it comes looking and running like new. But I paid almost $900 for the last cleaning. Talk about blowing dough!

Yup, I think I was quoted $7-800. I have one from MegaCorp that is now 10 years old and I never did the 5-year service. Now the autowind doesn't seem to be working, though I can wind it manually. But I hardly wear it any more.

Maybe some day I'll BTD on service.

Montecfo 05-03-2021 07:08 PM

I no longer wear a watch everyday since I have a phone with me. But when I retired my company got me a pricy watch which I never would have bought for myself but do enjoy wearing for the right occasions, such as going out with people who are impressed by such things!

I would tend to not notice, but I love that they do.

So if the enjoyment is there, it is worth it!

pacergal 05-04-2021 10:37 AM

Haven't worn a watch since early in my nursing career--never liked the feel, I don't wear bracelets either. But thats me.
OP--don't over think this. If you have the money to BTD, then do it! Buy what you want.
Rolex is a really nice gift to yourself!

GTP2022 05-04-2021 11:19 AM

There is something to be said in owning a nice time piece. I will pass mine down to my son. Just as you can get somewhere in a Rolls Royce or a used Yugo, it's about the ride not the time.

I enjoy the precision and craftsmanship of the watch. I bought it used 3 years ago and it's increased in value 20%.

Do what you want to do, you earned the money. If it gives you a sense of pleasure and satisfaction then that's all that matters.

Badger 05-04-2021 11:20 AM

I have only worn Timex or Casio for the past 30 years. I thought a nice watch would be nice and my wife gave me a beautiful Reactor for a birthday present. It may cost half of the cleaning cost for a Rolex but then i was happy with my $25 Casio.



Cheers!

HarveyS 05-04-2021 11:37 AM

Quote:

Originally Posted by ShokWaveRider (Post 2599995)
I missed looking at them in their Auto winder. So, I sold the Auto Winder too,

+1

Midpack 05-04-2021 02:31 PM

Quote:

Originally Posted by phil1ben (Post 2601450)
I look at it somewhat differently. A watch in your sought after category is something that will live long after you are gone. I wouldn't call myself a watchhead but I do have some heirloom watches (Jaeger Reverso Duo and Breitling Navitimer) that I will pass down to my sons. The only advice I can provide is try to buy something "timeless".

If you can afford it, do what makes you happy.

It will be interesting to see if that trend holds. I haven't worn a watch or rings in over 10 years, never liked wearing them. Between various clocks at home and in the car and my iPhone, why do I need a watch? I know a lot of people, even my age, who don't wear watches anymore. Time will tell...

But I certainly agree with the last sentiment. If you can comfortably afford it and you want it, why even ask anyone else?

RobotMom 05-04-2021 02:43 PM

I'm not a watch person. I gave up wearing a watch years ago and get the time from the phone or computer. That being said, I look at a watch as a piece of jewelry. I would not buy a watch but I could see buying myself a really nice piece of jewelry for about the same price as what you are considering paying for your watch. So why not indulge yourself?! Just because I woudn't want a watch as a fancy piece of jewelry doesn't mean you shouldn't have one!

WestUniversity 05-04-2021 03:47 PM

Quote:

Originally Posted by Tiger8693 (Post 2600035)
I like watches too...


Wow a Breitling! Love it. I couldn’t bring myself to spend that much. Truth be told I did look at one seriously for a while however.

I have a TAG Heuer Aquaracer. Great timepiece. All stainless, it’s built like a tank. As hard as I am on watches it still looks great. Also have a Raymond Weil gold and stainless dress watch.

For everyday wear however DW gave me an Apple Watch…

DougJohnson 05-07-2021 03:31 PM

Quote:

Originally Posted by DawgMan (Post 2599791)
So, I'm struggling with being indulgent on the purchase of a new fancy watch. I have not bought a new watch in about 15 years. I think I spent $2K+ back then and really appreciated the watch. I have few indulgences (cars & some electronics) where I can get myself to "blow the dough"! My SIL is really into these fancy watches (which he hopes to have one day) and is excited about helping me shop for one. He has done a ton of research on the various brands and is pitching me on it "being an investment". Investment aside, some of these watches are $25K - $35K I am looking at. It sure feels expensive and my frugal gene is telling me "what a ridiculous purchase", yet I know this would have no affect on retirement success as I look for certain ways to BTD.

Any "watch-heads" out there? Should I BTD on such a purchase and tell my former frugal self to take a hike?!

This BTD stuff is hard man!???

I have a few fancy watches. Hardly ever wear them. My Apple watch is way more useful.

They are *not* an investment. They're not scarce. More are made everyday. And the price difference between buying a new watch and selling a used one?

Oh yeah. If you have saved long enough and hard enough to be able to BTD, it is surprisingly hard to do. But if a fancy watch will make smile every time you look at it, why not?

-- Doug

Delawaredave5 05-07-2021 03:33 PM

Apple Watch Series 3, $169, Walmart.

If you really want to splurge, get Series 6 for $399.

I don't understand the concept of getting pleasure out of material things.

Functionality I understand. But that's me - what matters is what's important to you.

steveark 05-07-2021 03:41 PM

My only watch is the one they gave me for 25 years of service and I don't wear it unless I am wearing a suit. But I say go for it if it's within your budget.

kingkarmann 05-07-2021 04:01 PM

I’ve always longed for a Vintage Omega Speedmaster. These are the ones worn during the Gemini and Apollo missions. To me they are classical beautiful and I love the history.

Global Wizzo 05-07-2021 04:05 PM

Watches
 
I always liked the Breitling Cockpit series watches. The crazy multi dial watches were useless in low light. The son liked Rolexes and bought a couple. Business partner owned several Rolex and Breitling watches.

If they are automatic or self winding they have to be worn or kept up. That may mean investing in a winder. Periodic maintenance 3-5 years will run you $500 or more.

There are places you don’t want to wear an expensive watch. The Timex works fine then or the phone.

Buy one because you like and want to wear it. An investment is only worth what someone else will pay if you need to liquidate.

troutnut1 05-07-2021 04:11 PM

I guess I’ve read too much Thomas Stanley’s Millionaire Next Door books. My dad was a watch guy and I inherited boxes of them. Nothing like you propose. But I don’t wear them. Nobody cares that I’m that on time. And my Garmin HR Vivoactive was great at tracking my sleep, skiing, and travels, but it made my wrist blister. Now I just look at my phone or ask my wife.

Millionaire Next Door proved that most guys with real money wear Timex or some other cheap watch. Here is a review:

https://archive.nytimes.com/www.nyti...aire.html?_r=1

So when I see a pricey watch on someone now I think “wannabe”, although I am sure there are exceptions. I am definitely not impressed. The last watch that impressed me was a gold Seiko with a maroon face in the late 60’s or early 70’s. I think dad paid $70 bucks for it when I was a young man. I still have it. Early auto-winder. I think I’ll get that out and wear it!

But whatever floats your boat.

Gkk2001 05-07-2021 04:12 PM

I cannot relate to a high dollar watch but we all have an indulgent side that we want to satisfy. If this does not break the bank I say go for it. Personally I love the Apple watch after buying the cheapest Chinese watches for many years I feel I am now splurging at $500.


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