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Re: What Experts Say about $5,000 watches

kksmom wrote:The fact that his wife brought it for him, expressing her appreciation makes it worth any price they can afford. And the pleasure he will have in passing it on to his son, makes it priceless.


Bingo! Thanks.
by Petrocelli
Mon Jan 26, 2015 9:54 am
 
Forum: Personal Consumer Issues
Topic: What Experts Say about $5,000 watches
Replies: 51
Views: 2206

Re: What experts say about $5,000 watches

I'm trying to figure out why you started another thread on this. You already posted this video in the previous thread. And you keep announcing that yours was $6000 and not $5000. For the record, the watch retails for $6,700. My wife got a 10% discount, but sales tax brought it back up to around $6,...
by Petrocelli
Mon Jan 26, 2015 9:53 am
 
Forum: Personal Consumer Issues
Topic: What Experts Say about $5,000 watches
Replies: 51
Views: 2206

Re: What experts say about $5,000 watches

I'm reminded of Rita Davenport, a successful and humorous speaker. She wears two watches on the same arm: an inexpensive Timex and a very expensive Rolex. Pointing first to the Timex and then to the Rolex, Rita tells the audience, "The first one is for me to see and the second one is for you t...
by Petrocelli
Mon Jan 26, 2015 9:40 am
 
Forum: Personal Consumer Issues
Topic: What Experts Say about $5,000 watches
Replies: 51
Views: 2206

Re: What experts say about $5,000 watches

jstrazzere wrote:But trying to justify those decisions financially is a different matter.


Once again, I did not make a decision to buy a watch. My wife made that decision. She bought the money with her separate property.
by Petrocelli
Mon Jan 26, 2015 9:22 am
 
Forum: Personal Consumer Issues
Topic: What Experts Say about $5,000 watches
Replies: 51
Views: 2206

Re: What experts say about $5,000 watches

And has anyone actually watched the videos?
by Petrocelli
Mon Jan 26, 2015 9:19 am
 
Forum: Personal Consumer Issues
Topic: What Experts Say about $5,000 watches
Replies: 51
Views: 2206

Re: What experts say about $5,000 watches

But even with resale, don't even try to pass it off as some 'wise financial decision' for resale or inheritance. Agree on the first point, but I disagree on the second. I don't think you should hold a Rolex for resale. However, I do know my wife's watch sells for more than I paid for it. Yet, adjus...
by Petrocelli
Mon Jan 26, 2015 9:18 am
 
Forum: Personal Consumer Issues
Topic: What Experts Say about $5,000 watches
Replies: 51
Views: 2206

Re: What experts say about $5,000 watches

I have a Rolex. It was an inheritance. It's a pain. It's gorgeous. I hate that I had to put 400 dollars into it to be serviced. But, it was my father's. And I'm glad I wasn't willed some gold toned flex band digital Timex. Bingo! The main reason I like this watch is exactly that. I will leave it to...
by Petrocelli
Mon Jan 26, 2015 9:03 am
 
Forum: Personal Consumer Issues
Topic: What Experts Say about $5,000 watches
Replies: 51
Views: 2206

Re: What experts say about $5,000 watches

HomerJ wrote:
Admit that it's jewelry, and I'll stay out of this thread... but quit talking about how awesome the insides are.



It is jewelry, but it will last for decades. My wife's Rolex is 25 years old, and you would be hard pressed to tell the difference between that and a new one.
by Petrocelli
Mon Jan 26, 2015 8:59 am
 
Forum: Personal Consumer Issues
Topic: What Experts Say about $5,000 watches
Replies: 51
Views: 2206

Re: What experts say about $5,000 watches

Thank you for posting this, it was quite informative. So would Mr. Bogle buy the $500 Hamilton or the $5,000 Rolex? I don't think he would buy either. However, like Jack, I didn't buy a Rolex. My wife gave it to me for Christmas. I asked for a Fitbit. She got me a $7,000 watch. Now if Jack's wife g...
by Petrocelli
Mon Jan 26, 2015 8:58 am
 
Forum: Personal Consumer Issues
Topic: What Experts Say about $5,000 watches
Replies: 51
Views: 2206

Re: What experts say about $5,000 watches

I had a $90 watch before this. It was a very nice watch. I couldn't say I love it though.

However, I do love my $7,000 Rolex. It's the best gift anyone has ever gotten me, by far.
by Petrocelli
Sun Jan 25, 2015 11:45 pm
 
Forum: Personal Consumer Issues
Topic: What Experts Say about $5,000 watches
Replies: 51
Views: 2206

What Experts Say about $5,000 watches

This video compares a $500 watch and a $5,000 watch. The first in a 2 part series

https://www.youtube.com/watch?v=X8jl5r8SG1o
by Petrocelli
Sun Jan 25, 2015 10:54 pm
 
Forum: Personal Consumer Issues
Topic: What Experts Say about $5,000 watches
Replies: 51
Views: 2206

Re: Women's Face Moisturizer/Lotion

Go to Bloomingdales and look around. You'll get good information, and will also get attention from a lot of attractive women, which is nice. No offense but this sounds horrible. The worst part of my semi-annual replenishment if my wife's Origins "A Perfect World" body moisturizer is runni...
by Petrocelli
Sun Jan 25, 2015 8:40 pm
 
Forum: Personal Consumer Issues
Topic: Women's Face Moisturizer/Lotion
Replies: 27
Views: 1767

Re: Any art "investors" here?

I really like Mangelsen's stuff. But it is too pricey for me at this point in my life. I wish I had seen that pictures for only $275! Is he only releasing so many prints of each photograph? Is that what is driving up the prices? Generally, he only issues 950 copies of a photo. Sometimes, he limits ...
by Petrocelli
Sat Jan 24, 2015 11:48 pm
 
Forum: Personal Consumer Issues
Topic: Any art "investors" here?
Replies: 69
Views: 5763

Re: Poll: Principles of Boglehead Philosophy

Two thoughts: 1. The problem I have is the word "below" in the phrase "live below your means." I would say a person should "live within your means." 2. How Buffett or Bogle spend their money or run their lives has nothing to do with how I live mine. For crying out loud,...
by Petrocelli
Sat Jan 24, 2015 6:48 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Principles of Boglehead Philosophy
Replies: 64
Views: 3190

Re: Poll: Principles of Boglehead Philosopy

I don't think an investing philosophy should involve spending. That's a separate thing entirely. If you are a good saver , and have a good income, you can spend like a drunken sailor and still follow every precept of Boglehead investing. So in other words, you actually agree since the drunken sailo...
by Petrocelli
Sat Jan 24, 2015 12:43 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Principles of Boglehead Philosophy
Replies: 64
Views: 3190

Re: Why Jack Ma of Alibaba loves "Forrest Gump"

I love that movie. I have seen it about 10 times.

On a related note, Tom Hanks is an acquaintance of mine. He and his wife Rita are the nicest people you will ever meet.
by Petrocelli
Sat Jan 24, 2015 10:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Why Jack Ma of Alibaba loves "Forrest Gump"
Replies: 1
Views: 422

Re: Poll: Principles of Boglehead Philosopy

VictoriaF wrote:
Petrocelli wrote:If you are a good saver, and have a good income, you can spend like a drunken sailor and still follow every precept of Boglehead investing.


... for as long as a drunken sailor can keep the ship on course.

Victoria


I'm looking at the ocean right now. Full speed ahead.
by Petrocelli
Sat Jan 24, 2015 10:10 am
 
Forum: Investing - Theory, News & General
Topic: Poll: Principles of Boglehead Philosophy
Replies: 64
Views: 3190

Re: Anyone used Fujiflex Crystal Archive paper for prints?

I think the sale should include the digital master on CD or SD card, so should your original print deteriorate you have the means to have it reprinted. All printed mediums deteriorate. If you want some expert opinions you might try http://www.dpreview.com and the appropriate forum, which might be t...
by Petrocelli
Sat Jan 24, 2015 10:06 am
 
Forum: Personal Consumer Issues
Topic: Anyone used Fujiflex Crystal Archive paper for prints?
Replies: 9
Views: 667

Re: Poll: Principles of Boglehead Philosopy

You agree this is important during the accumulation stage? Otherwise, you will never get to the point of reaching your "number" or being able to retire, correct? I guess there is a happy medium. I agree that saving money is important. Theoretically, you can always save more. Personally, I...
by Petrocelli
Sat Jan 24, 2015 9:59 am
 
Forum: Investing - Theory, News & General
Topic: Poll: Principles of Boglehead Philosophy
Replies: 64
Views: 3190

Re: Poll: Principles of Boglehead Philosopy

For the life of me, I have never understood how "living below your means" became so ingrained in an investing philosophy. Don't get me wrong, saving is extremely important. But once you save enough, isn't the goal to have fun with all that money you saved? You can't take it with you.
by Petrocelli
Sat Jan 24, 2015 9:21 am
 
Forum: Investing - Theory, News & General
Topic: Poll: Principles of Boglehead Philosophy
Replies: 64
Views: 3190

Re: Anyone used Fujiflex Crystal Archive paper for prints?

Here is the "problem" that lead me to start this thread. I bought a framed photograph for the wall behind my desk that is approximately 6' long and 3' wide. I am left with 39" of wall space on each side of the photograph, and would like to add one on each side. If I buy a framed photo...
by Petrocelli
Sat Jan 24, 2015 9:15 am
 
Forum: Personal Consumer Issues
Topic: Anyone used Fujiflex Crystal Archive paper for prints?
Replies: 9
Views: 667

Re: Women's Face Moisturizer/Lotion

Go to Bloomingdales and look around. You'll get good information, and will also get attention from a lot of attractive women, which is nice.
by Petrocelli
Fri Jan 23, 2015 5:09 pm
 
Forum: Personal Consumer Issues
Topic: Women's Face Moisturizer/Lotion
Replies: 27
Views: 1767

Re: Poll: Principles of Boglehead Philosopy

Grt2bOutdoors wrote:Keep Investing Costs Low, Diversify Your Investments, Stay the Course! Carry on!


Those were my three votes too!
by Petrocelli
Fri Jan 23, 2015 5:07 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Principles of Boglehead Philosophy
Replies: 64
Views: 3190

Anyone used Fujiflex Crystal Archive paper for prints?

I am consider buying a piece of art that is printed on Fujiflex Crystal Archive paper, and mounted without a frame. I unerstand it gives photos a lot of "pop" and they almost appear to be in 3-D. It will look like this when it is done. http://mangelsen.com/pdf/DisplayOption_CMM.pdf Has any...
by Petrocelli
Fri Jan 23, 2015 8:54 am
 
Forum: Personal Consumer Issues
Topic: Anyone used Fujiflex Crystal Archive paper for prints?
Replies: 9
Views: 667

Re: Any art "investors" here?

playtothebeat wrote:We have probably 8 or 10 pieces from Peter Lik at our house.


Peter Lik? Wow. Those are probably worth some serious dough. I either love his pieces or really hate them. In any event, they are out of my price range.
by Petrocelli
Fri Jan 23, 2015 8:37 am
 
Forum: Personal Consumer Issues
Topic: Any art "investors" here?
Replies: 69
Views: 5763

Re: Any art "investors" here?

Nice photo. Points out that prices are on artist's website are not indicative of what stuff sells for on the open market which I think is true for a lot of "artisans". Thanks. The photo on the web does nor convey the subtleties on the area of the bottom of the photo which shows up as pure...
by Petrocelli
Fri Jan 23, 2015 8:35 am
 
Forum: Personal Consumer Issues
Topic: Any art "investors" here?
Replies: 69
Views: 5763

Re: My strange little hobby

My strange little hobby is finally complete. I have learned so much from three men I have never met. These three men have become mentors and people I try to emulate every day in my own personal life. Even though I was introduced to them through their writings on money, I found I learned more about ...
by Petrocelli
Thu Jan 22, 2015 4:35 pm
 
Forum: Personal Consumer Issues
Topic: My strange little hobby [Collecting signatures]
Replies: 19
Views: 2393

Re: Best watch for around $5,000?

HomerJ wrote:I will refrain from making any more posts in this thread.


Homer:

Too bad. You have raised legitimate points about the value of a watch. I think you have contributed a lot to this thread.

Bob
by Petrocelli
Thu Jan 22, 2015 3:30 pm
 
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 842
Views: 171321

Re: Best watch for around $5,000?

Alex: Great minds think alike! Those are both great pieces. I now have four Mangelsens. They are all somewhat unconventional. I have had Fire and Ice since 1990. http://cdn.c.photoshelter.com/img-get/I0000xmIyfyI2FR8/s/750/750/1204.jpg I recently bought First light Grizzly Bear from Mangelsen. It wa...
by Petrocelli
Thu Jan 22, 2015 3:25 pm
 
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 842
Views: 171321

Re: What Movie Have You Recently Watched?

bondsr4me wrote:"The Shootist"....just last night...John Wayne, Jimmy Stewart, Lauren Bacall, Harry Morgan, Ronnie Howard, Hugh O'Brien, Richard Boone....I love the 'ole time cowboy movies.



If you do, I assume you saw my favorite, The Man Who Shot Liberty Valance.
by Petrocelli
Thu Jan 22, 2015 8:44 am
 
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 457
Views: 53818

Re: What Movie Have You Recently Watched?

I just watched Glen or Glenda, a 1950s movie by, and starring, the infamous Ed Wood, that examines transvestism. It is perhaps the worst movie ever made. It is so bad, it is good.
by Petrocelli
Wed Jan 21, 2015 11:30 pm
 
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 457
Views: 53818

Re: What age did you hit $100,000?

26, due to an investment in one stock. And this was in 1986, when $100,000 was a lot more than it is today. (To put it in perspective, we bought a house in the Hollywood Hills in 1987 for $250,000 that would be worth over $1,000,000 today.)
by Petrocelli
Wed Jan 21, 2015 11:10 am
 
Forum: Personal Finance (Not Investing)
Topic: What age did you hit $100,000?
Replies: 68
Views: 5764

Re: What Movie Have You Recently Watched?

I just saw Grand Budapest Hotel . An enjoyable movie which you will like if you like movies like Rushmore or Napoleon Dynamite . Highly stylized, and it may have the most famous actors per minute of any film in the last three decades. (That excludes the epic film The Longest Day...) I recommend it, ...
by Petrocelli
Wed Jan 21, 2015 10:00 am
 
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 457
Views: 53818

Re: Best watch for around $5,000?

I admit that I'm sort of intrigued by this watch. It has one hand which goes around once every 24 hours. You might miss the occasional plane, train, or job interview but on the other hand you won't be fussing over how to stop it with the second hand on the twelve so you can get the minute hand exac...
by Petrocelli
Wed Jan 21, 2015 9:28 am
 
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 842
Views: 171321

Re: Any art "investors" here?

I purchased this work on ebay last week. the jpg. does not do it justice, but it is called Prayer to the Dunes, and it is by Thomas Mangelsen. He doesn't do a lot of desert photos so this one is rare. http://cdn.c.photoshelter.com/img-get/I0000y1e.1AZSGGs/s/750/750/6207.jpg You can see the tree rese...
by Petrocelli
Tue Jan 20, 2015 9:30 pm
 
Forum: Personal Consumer Issues
Topic: Any art "investors" here?
Replies: 69
Views: 5763

Re: What Book Are You Currently Reading? Part VI

It's an alternate history where the US lost WWII and is occupied by Germany and Japan. I have thought about a "historical fiction what-if" scenario based on the Confederacy winning the Civil War and remaining intact as a separate nation with slavery into the 20th century, in which case th...
by Petrocelli
Tue Jan 20, 2015 9:21 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 436
Views: 56475

Re: Best watch for around $5,000?

I don't know if there's always a reason or if people are just stupid. http://www.artsumo.com/blog/post/4/They_Paid_What_Top_10_Absurd_Paintings_that_Sold_for_Millions/ That reminds me of something I recently read in Vonnegut's book Timequake. I am paraphrasing, but he was talking about Jackson Poll...
by Petrocelli
Tue Jan 20, 2015 7:48 pm
 
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 842
Views: 171321

Re: What Book Are You Currently Reading? Part VI

I just finished Olive Kitteredge. It won the Pulitzer, and was made into an HBO mini-series. See the mini-series, and then read the book.

I just start The Boys in The Boat, which is about the 1936 Olympic rowing team from the University of Washington.
by Petrocelli
Tue Jan 20, 2015 7:40 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 436
Views: 56475

Re: What Movie Have You Recently Watched?

I loved American Sniper. I predict it will win Best Picture and Best actor at the Oscars.
by Petrocelli
Tue Jan 20, 2015 7:38 pm
 
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 457
Views: 53818

Re: Best watch for around $5,000?

Heh, if all they do is go up in value, maybe you should have bought one of those $100,000 watches you saw the other day... :) Aren't the $100,000 watches 20x nicer than the $5000 watches? At the outset, I want to emphasize that I didn't buy anything. My watch was a gift from my wife that she bought...
by Petrocelli
Tue Jan 20, 2015 9:22 am
 
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 842
Views: 171321

Re: Let's Celebrate! Which funds are you buying in 2015?

dognose wrote:Petrocelli,

Just curious about your bond portfolio: Why no muni bonds? From some of your earlier posts, my guess is that you are in a relatively high tax bracket.


This is just my 401(k). My taxable account holds muni bonds and individual stocks.
by Petrocelli
Mon Jan 19, 2015 11:29 pm
 
Forum: Investing - Theory, News & General
Topic: Let's Celebrate! Which funds are you buying in 2015?
Replies: 48
Views: 3586

Re: Best watch for around $5,000?

Also, for $5,000 do you need to fiddle with it at the end of every month, or does it know "Thirty days hath September" and take care of that automatically? First of all, the watch cost $7,000. Second of all, a guy in a lab coat comes to the house at the end of the month and adjusts the wa...
by Petrocelli
Mon Jan 19, 2015 11:01 pm
 
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 842
Views: 171321

Re: Let's Celebrate! Which funds are you buying in 2015?

Stock mutual Funds are divided equally between:

Healthcare
REIT Index
Cap. Opp.
Selected Value
International Growth
International Explorer

Bonds are divided between

Total Bond (3/5)
TIPS (1/5)
Total International Bond (1/5)
by Petrocelli
Mon Jan 19, 2015 6:12 pm
 
Forum: Investing - Theory, News & General
Topic: Let's Celebrate! Which funds are you buying in 2015?
Replies: 48
Views: 3586

Re: Best watch for around $5,000?

Some guy: My new TV cost $150,000! Other guy: Wow! Is it some new kind of TV where the picture is 100x sharper? Some guy: Oh, no... the picture quality is exactly the same as a $1000 TV... but every part inside my TV is hand-made. You have to be really sophisticated to appreciate the fine workmansh...
by Petrocelli
Mon Jan 19, 2015 5:58 pm
 
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 842
Views: 171321

Re: Best watch for around $5,000?

(But if you want, you can keep telling yourselves that man-jewelry is an "investment") I do not believe an expensive watch is an investment . However, it is an asset . About 25 or so posts ago in this thread, I posted a story about an associate who works for me that has a Rolex that is si...
by Petrocelli
Mon Jan 19, 2015 2:54 pm
 
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 842
Views: 171321

Re: Healthcare Fund-VGHAX or Energy Fund-VGELX

I have been a proponent of Healthcare Fund since this forum started (and previously when the forum was on M*). For as long as I have been posting, the overwhelming majority of people in this forum have been against it. They have repeated the very arguments advanced above. As a result, many investors...
by Petrocelli
Mon Jan 19, 2015 11:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Healthcare Fund-VGHAX or Energy Fund-VGELX
Replies: 28
Views: 2517

Re: Best watch for around $5,000?

That was a great video.

Lesson for Bogleheads: Anytime the person making your watch wears a lab coat during working hours, your watch is going to cost some cash.
by Petrocelli
Mon Jan 19, 2015 11:01 am
 
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 842
Views: 171321

Re: Any art "investors" here?

Well, I like Giacometti, so probably more than you :-). But as we've been saying, that's the key at the level we're talking about where there are quotes around "investing"--buy it because you like it, not because you think it's going to be worth something. Agree 100%. The art I buy is bec...
by Petrocelli
Mon Jan 19, 2015 10:16 am
 
Forum: Personal Consumer Issues
Topic: Any art "investors" here?
Replies: 69
Views: 5763

Re: If your networth is over $3 million, how did you do it?

I was really good at filling in circles with a number two pencil, did well on the SAT, and eventually graduated from an Ivy League college. I was really good at filling in circles with a number two pencil, did well on the LSAT, and eventually graduated from one of the 20 law schools claiming to be i...
by Petrocelli
Sat Jan 17, 2015 9:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 301
Views: 46075
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