Unconventional Investments: Pre-Owned Rolex Watches Boca Raton
When the world economy comes to a screeching halt we all start looking for unconventional investments. We can’t invest in the stock market because it keeps going down or it’s too volatile. So where do we turn? How about pre-owned Rolex watches Boca Raton? I know what you’re thinking, “How is spending multiple thousands of dollars on a Rolex a good investment? Sure it looks good on your wrist but how is it going to make me money?”
Well, the bottom line is, it can make you a lot of money. Take for example someone who bought a Rolex Daytona in 1996. The retail price was $5,100. Today, the retail price for the same watch is $12,000. That’s an increase of 235%! Now take into consideration in 1996 Zenith made the movement for the Rolex Daytona, and only did for a short time. Today, the Rolex Daytona watches with Zenith movements are worth a premium. If that same person, who paid $5,100 for a Daytona in 1996 and kept the watch like new, they can expect to sell it for around $15,000! That’s an incredible ROI (return on investment).
Now, obviously not all Rolex watches have this severe increase in value, but most do subtly increase over time. The best way to guarantee an increased value over time is to buy a pre-owned Rolex watch. If you buy from the right place like a local pawn shop or estate jewelry store you can save some serious money versus the retail. In 10 years when you go to sell the watch, even if it’s heavily used, it will usually be worth more than when you purchased it.
Next time you are looking to invest think about investing in a pre-owned Rolex. There are a lot of local pawn shops or jewelry stores who have great deals on high end watches.
by, Seth Marcus at Boca Raton Pawn
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