Why Can't I Bring Myself to Buy Me a Nice Watch?

Questions on how we spend our money and our time - consumer goods and services, home and vehicle, leisure and recreational activities

Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby TravelforFun » Sat Mar 23, 2013 4:00 pm

I've always wanted a Rolex. Wanted it when I was 20 and now I'm 60. I have a 7-figure investment and no debts. I don't think I'm cheap since we live comfortably and travel extensively .... South America couple of years ago, Europe last year, and Australia this year. Every time I go to the mall with my wife, I stop at the jewelry store window and look at that watch but I can't pull the trigger and write an $8,000 check. Wife doesn't know my secret desire or she would have gotten it for me.

I was reading the posts about midlife crisis. Is that what it would take to push me over the edge and buy that watch or am I too late for midlife crisis (which is perfectly fine with me lol)?
TravelforFun
 
Posts: 160
Joined: Wed Dec 05, 2012 12:05 am

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby Gill » Sat Mar 23, 2013 4:09 pm

Probably because you're intelligent enough and careful enough with your money that you realize it is something you really don't need. I spent $175 on a watch while on a cruise two years ago and now realize I didn't really even need that. Being retired I rarely have need for any kind of watch.
Bruce
Gill
 
Posts: 1034
Joined: Sun Mar 04, 2007 9:38 pm
Location: Florida

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby The Wizard » Sat Mar 23, 2013 4:14 pm

Because you realize a black plastic Casio watch serves the purpose just fine?
For those times when you don't have your smartphone with you?
Attempted new signature...
The Wizard
 
Posts: 6489
Joined: Tue Mar 23, 2010 2:45 pm
Location: Reading, MA

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby zaboomafoozarg » Sat Mar 23, 2013 4:18 pm

Bought my Acqua in 1999 at Walmart for $9. Hoping that it lasts me till I die.
User avatar
zaboomafoozarg
 
Posts: 1099
Joined: Sun Jun 12, 2011 1:34 pm

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby midareff » Sat Mar 23, 2013 4:20 pm

It's the joys of Bogleheadism dudes.......................................

I still have that Black Plastic Casio (two decades) which I still wear out of country. In country I wear Rolex's.... it isn't a watch, it is male jewelry.

No confusion.
User avatar
midareff
 
Posts: 2431
Joined: Mon Nov 29, 2010 11:43 am
Location: Biscayne Bay, South Florida

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby pennstater2005 » Sat Mar 23, 2013 4:20 pm

Check out this thread :D

viewtopic.php?t=27707
My children love my mother, and I tell my children “That is NOT the same woman I grew up with…that is an old woman trying to get into heaven now.” - Bill Cosby
User avatar
pennstater2005
 
Posts: 1331
Joined: Wed Apr 11, 2012 9:50 pm
Location: PA

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby lwfitzge » Sat Mar 23, 2013 4:24 pm

You're not going to get motivated to spend money on a rolex on this forum. You will get 90% to say its foolish and go w a Timex or no watch...use the smartphone. We have had some hilarious watch posts on this forum over the years. I personally would do it but I'm of the type that follows BH principles 99% of time and let's it go occasionally to satisfy my high priority wants (BMW, expensive watch, expensive vacations) and experiences. For many, not buying is the reinforcer, the pleasure. THere is no right or wrong, or good or bad here but I think you already made up your mind not to buy the watch. :happy
Last edited by lwfitzge on Sat Mar 23, 2013 4:34 pm, edited 1 time in total.
lwfitzge
 
Posts: 311
Joined: Sun Jun 12, 2011 9:01 am

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby Raymond » Sat Mar 23, 2013 4:32 pm

pennstater2005 wrote:Check out this thread :D

viewtopic.php?t=27707


Hahaha! I knew some one would post that :D

OP, you might as well get ready for the firestorm of debate: "Oh, yeah, I have a Casiotron from 1974 with the strap broken off - I use safety pins to attach it to the skin on my wrist because the money for a replacement strap is better used in my Total Stock Market fund account!" :mrgreen:
Last edited by Raymond on Sat Mar 23, 2013 4:32 pm, edited 1 time in total.
"Ritter, Tod und Teufel"
User avatar
Raymond
 
Posts: 520
Joined: Mon Apr 16, 2012 7:04 am

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby Grt2bOutdoors » Sat Mar 23, 2013 4:32 pm

Ask Petrocelli, he's the watch expert here :wink:

But I can sympathize......the more time I spend on here, the less willing I am to part with money. :shock: The best watch I own is an Omega, I hardly wear it :oops: and it is....a very nice watch. :confused
Last edited by Grt2bOutdoors on Sat Mar 23, 2013 4:33 pm, edited 1 time in total.
"Luck is not a strategy" Asking Portfolio Questions
Grt2bOutdoors
 
Posts: 10353
Joined: Thu Apr 05, 2007 9:20 pm
Location: New York

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby ofcmetz » Sat Mar 23, 2013 4:33 pm

Because secretly you want the $20,000 one. :D

Me, I don't wear a watch and use my iPhone 5 when I need to check the time.
Showing up at the donut shop at 5 am to get them hot out of the oil is an example of successful market timing.
User avatar
ofcmetz
 
Posts: 1789
Joined: Tue Feb 08, 2011 9:09 pm
Location: Louisiana

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby linguini » Sat Mar 23, 2013 4:33 pm

TravelforFun wrote:I've always wanted a Rolex. Wanted it when I was 20 and now I'm 60. I have a 7-figure investment and no debts. I don't think I'm cheap since we live comfortably and travel extensively .... South America couple of years ago, Europe last year, and Australia this year. Every time I go to the mall with my wife, I stop at the jewelry store window and look at that watch but I can't pull the trigger and write an $8,000 check. Wife doesn't know my secret desire or she would have gotten it for me.

I was reading the posts about midlife crisis. Is that what it would take to push me over the edge and buy that watch or am I too late for midlife crisis (which is perfectly fine with me lol)?


Ignore everyone else in this thread. You have wanted a Rolex for 40 years so you know it's not a whimsical or impulsive buy. Clearly you can afford it, and you don't make a habit of stupid big ticket purchases or you would have bought it already at some point during the last 40 years. For the life of me, I cannot understand desiring an expensive watch, and wearing such an expensive thing on a wrist seems utterly silly to me, but clearly it would bring you great joy and pleasure to know you are finally wearing it, and there is nothing frivolous about buying something that would bring you great satisfaction. Ultimately, we earn money to spend it, not to keep it in bank accounts. Just because you don't have to spend money doesn't mean you shouldn't.

So, here's my suggestion: tell your wife you've wanted a Rolex since you were 20 but that you can never seem to get yourself to actually buy one. Do it the next time it seems like a reasonable segue in a conversation. Maybe even the next time you're passing one of those jewelry stores in the mall. Then she can provide you with the push you need to finally pull the trigger on that $8k check just this once (and just this once, no cheating) so you can have something you have wanted your whole life and can easily afford now.
linguini
 
Posts: 242
Joined: Tue Oct 16, 2012 3:49 pm

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby exoilman » Sat Mar 23, 2013 4:40 pm

DON"T DO IT!

you'll only suffer buyers remorse :sharebeer

Sam
exoilman
 
Posts: 558
Joined: Wed Oct 15, 2008 2:38 pm
Location: New Jersey

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby TomatoTomahto » Sat Mar 23, 2013 4:42 pm

linguini wrote:
TravelforFun wrote:I've always wanted a Rolex. Wanted it when I was 20 and now I'm 60. I have a 7-figure investment and no debts. I don't think I'm cheap since we live comfortably and travel extensively .... South America couple of years ago, Europe last year, and Australia this year. Every time I go to the mall with my wife, I stop at the jewelry store window and look at that watch but I can't pull the trigger and write an $8,000 check. Wife doesn't know my secret desire or she would have gotten it for me.

I was reading the posts about midlife crisis. Is that what it would take to push me over the edge and buy that watch or am I too late for midlife crisis (which is perfectly fine with me lol)?


Ignore everyone else in this thread. You have wanted a Rolex for 40 years so you know it's not a whimsical or impulsive buy. Clearly you can afford it, and you don't make a habit of stupid big ticket purchases or you would have bought it already at some point during the last 40 years. For the life of me, I cannot understand desiring an expensive watch, and wearing such an expensive thing on a wrist seems utterly silly to me, but clearly it would bring you great joy and pleasure to know you are finally wearing it, and there is nothing frivolous about buying something that would bring you great satisfaction. Ultimately, we earn money to spend it, not to keep it in bank accounts. Just because you don't have to spend money doesn't mean you shouldn't.

So, here's my suggestion: tell your wife you've wanted a Rolex since you were 20 but that you can never seem to get yourself to actually buy one. Do it the next time it seems like a reasonable segue in a conversation. Maybe even the next time you're passing one of those jewelry stores in the mall. Then she can provide you with the push you need to finally pull the trigger on that $8k check just this once (and just this once, no cheating) so you can have something you have wanted your whole life and can easily afford now.


But don't ignore me too because I agree with the above.I don't know you, but my guess is that it would be as much a present for your wife as for you (cf "Wife doesn't know my secret desire or she would have gotten it for me."). My wife was pleased to be able to get me a Nikon D4, which is 10x the camera I need, but it made me happy (of course, I waited 40 years to buy the Nikon flagship camera, not the specific model). If there were a corresponding thing that my wife had waited 40 years for, I'd be happy beyond words to be able to have her buy it -- wouldn't you for your wife?
User avatar
TomatoTomahto
 
Posts: 2892
Joined: Mon Apr 11, 2011 2:48 pm

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby DualIncomeNoDebt » Sat Mar 23, 2013 4:44 pm

OP, I bought a nice watch. Now that I've had it, I want to dump it, and regret buying it. I want a Seiko now. Thankfully, I don't like "stuff," but even this rare splurge purchase annoys me.
DualIncomeNoDebt
 
Posts: 356
Joined: Wed Jul 18, 2012 4:38 am

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby momar » Sat Mar 23, 2013 4:46 pm

Just get it.
"Index funds have a place in your portfolio, but you'll never beat the index with them." - Words of wisdom from a Fidelity rep
User avatar
momar
 
Posts: 1359
Joined: Sun Nov 13, 2011 1:51 pm

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby linguini » Sat Mar 23, 2013 4:56 pm

TomatoTomahto wrote:But don't ignore me too because I agree with the above.I don't know you, but my guess is that it would be as much a present for your wife as for you (cf "Wife doesn't know my secret desire or she would have gotten it for me."). My wife was pleased to be able to get me a Nikon D4, which is 10x the camera I need, but it made me happy (of course, I waited 40 years to buy the Nikon flagship camera, not the specific model). If there were a corresponding thing that my wife had waited 40 years for, I'd be happy beyond words to be able to have her buy it -- wouldn't you for your wife?


This is really sweet and touching advice. I didn't think of it that way. :happy
linguini
 
Posts: 242
Joined: Tue Oct 16, 2012 3:49 pm

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby stoptothink » Sat Mar 23, 2013 5:15 pm

TomatoTomahto wrote:
linguini wrote:
TravelforFun wrote:I've always wanted a Rolex. Wanted it when I was 20 and now I'm 60. I have a 7-figure investment and no debts. I don't think I'm cheap since we live comfortably and travel extensively .... South America couple of years ago, Europe last year, and Australia this year. Every time I go to the mall with my wife, I stop at the jewelry store window and look at that watch but I can't pull the trigger and write an $8,000 check. Wife doesn't know my secret desire or she would have gotten it for me.

I was reading the posts about midlife crisis. Is that what it would take to push me over the edge and buy that watch or am I too late for midlife crisis (which is perfectly fine with me lol)?


Ignore everyone else in this thread. You have wanted a Rolex for 40 years so you know it's not a whimsical or impulsive buy. Clearly you can afford it, and you don't make a habit of stupid big ticket purchases or you would have bought it already at some point during the last 40 years. For the life of me, I cannot understand desiring an expensive watch, and wearing such an expensive thing on a wrist seems utterly silly to me, but clearly it would bring you great joy and pleasure to know you are finally wearing it, and there is nothing frivolous about buying something that would bring you great satisfaction. Ultimately, we earn money to spend it, not to keep it in bank accounts. Just because you don't have to spend money doesn't mean you shouldn't.

So, here's my suggestion: tell your wife you've wanted a Rolex since you were 20 but that you can never seem to get yourself to actually buy one. Do it the next time it seems like a reasonable segue in a conversation. Maybe even the next time you're passing one of those jewelry stores in the mall. Then she can provide you with the push you need to finally pull the trigger on that $8k check just this once (and just this once, no cheating) so you can have something you have wanted your whole life and can easily afford now.


But don't ignore me too because I agree with the above.I don't know you, but my guess is that it would be as much a present for your wife as for you (cf "Wife doesn't know my secret desire or she would have gotten it for me."). My wife was pleased to be able to get me a Nikon D4, which is 10x the camera I need, but it made me happy (of course, I waited 40 years to buy the Nikon flagship camera, not the specific model). If there were a corresponding thing that my wife had waited 40 years for, I'd be happy beyond words to be able to have her buy it -- wouldn't you for your wife?


+2. Of all the expensive material things we men are into, I understand watches the least. My mother bought me a ~$150 Kenneth Cole stainless steel watch when I finished undergrad, I asked her to return it and buy herself something because I'd never use it. Its only function is something you can get for free all around you and I simply don't get man jewelry at all. BUT, if you have been thinking about it for 4 decades you need to do yourself (and everybody around you) a favor and get it.
stoptothink
 
Posts: 1300
Joined: Fri Dec 31, 2010 10:53 am

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby Mitchell777 » Sat Mar 23, 2013 5:16 pm

I'm probably the wrong guy to ask since I'm not sure where my $40 Timex is, but in your financial situation and at your age, buy it. Sounds like it's something you really want and you've earned. It is not an item that will depreciate to nothing
Mitchell777
 
Posts: 596
Joined: Mon May 21, 2007 7:32 am

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby DTSC » Sat Mar 23, 2013 5:19 pm

Buy a used one. You'll have a Rolex, but not pay full price.
DTSC
 
Posts: 852
Joined: Mon Oct 20, 2008 10:47 am
Location: Illinois

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby noyopacific » Sat Mar 23, 2013 5:21 pm

My favorite wrist watch story:
Many years ago, my uncle was a purchasing manager at a Fortune 500 company. One day, he was eating lunch in the executive dinging room when the CEO walked in. Noticing that my uncle was alone, the CEO sat down at his table. Shortly, other top executives arrived and joined them. This was not the sort of group my uncle would have normally eaten his lunch with. He was a good-humored but humble sort of guy. And while he felt out of place with this group, he didn't think it would be good for him to simply get up and move to another table so he stayed.
Eventually the subject of wrist watches came up among the group. With this hyper-competitive group, the discussion quickly turned into a contest of one-ups-man-ship. Eventually the CEO lifted his sleeve to show his own watch and announced: "Timex, I got it at JC Penney's, cost me about $20 and it's never given me a lick of trouble." The CEO then looked over at my uncle, who hadn't participated in the contest, and gave him a warm smile and a wink. The rest of the table went silent.
The information contained herein, while not guaranteed by us, has been obtained from from sources which have not in the past proved particularly reliable.
User avatar
noyopacific
 
Posts: 205
Joined: Wed Jan 28, 2009 7:06 pm
Location: Mendocino

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby Howie » Sat Mar 23, 2013 5:24 pm

DTSC wrote:Buy a used one. You'll have a Rolex, but not pay full price.


Just about to suggest this. Plus, it will most likely appreciate in value so view it as an investment (that claim can't be made for many other watches)!
Howie
 
Posts: 89
Joined: Sun Jan 02, 2011 8:46 pm

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby prudent » Sat Mar 23, 2013 5:27 pm

There was a certain collectible I had wanted from when I was a teenager. I never imagined I would ever be able to get one - that was for the top echelon of people who collected them. Through the years I have picked up other collectibles in the same field but not that particular one. And like yourself, I got to where I was in a position to own one. I thought about it long and hard for a few years and not long ago concluded that being ABLE to have one was really as satisfying as owning one. I know that if I did buy one, I would actually not have great satisfaction from the ownership experience. But I know if I wanted one, I could do it. THAT meant something to me.

So my suggestion is to think about what the experience would be like to own that Rolex, whatever that would mean for you. And if you see yourself enjoying it, then do it because you will get satisfaction from owning it.
User avatar
prudent
 
Posts: 1246
Joined: Fri May 20, 2011 3:50 pm

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby ualdriver » Sat Mar 23, 2013 5:33 pm

I don't get these threads. For God's sake, you have a 7 figure portfolio and you want to drop a few bucks on a luxury like a nice watch or a nice car or a set of clubs? Go buy your watch and enjoy it.

I love watches and have a couple of nice ones. I buy them on eBay or use Google shopping to find discount retailers. If that will make you feel better, go that route. If you buy it and feel buyer's remorse, then sell it using the same method. Sure you might end up out a few bucks on the round trip transaction but who cares?
User avatar
ualdriver
 
Posts: 632
Joined: Wed Feb 21, 2007 2:07 am

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby Rich in Michigan » Sat Mar 23, 2013 5:34 pm

If it fits within the amount of total spending you planned for this year or feel comfortable with, buy it. Simple as that.
Rich in Michigan
 
Posts: 107
Joined: Mon Jun 11, 2012 2:27 pm

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby winglessangel31 » Sat Mar 23, 2013 5:49 pm

I own this with a black face (http://www.amazon.com/Casio-Three-hand- ... B001UEBY4Q) and would never imagine splurging $8000 on a watch (can't imagine splurging that amount on anything besides a car at the moment). Looks gorgeous and I get compliments on it all the time. :P Sometimes I wish it had a date function, but besides that, it's perfect.
winglessangel31
 
Posts: 210
Joined: Tue Feb 12, 2013 5:53 pm

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby rixer » Sat Mar 23, 2013 6:03 pm

I bought a Rolex in Mexico once. It was only $15.00. I don't know what the big deal is.... :P
rixer
 
Posts: 322
Joined: Tue Sep 11, 2012 5:18 pm

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby OAG » Sat Mar 23, 2013 6:20 pm

Surprised no one mentioned a Pawn Shop (but maybe I missed it). They may even let you rent a nice one for a week or so for about $100 or so. Fall in love with it purchase it or return it. Be sure to get it looked at by a reputable watch person (there are just a few fakes around).
OAG=Old Army Guy. Retired CW4 USA (US Army) in 1979.
User avatar
OAG
 
Posts: 910
Joined: Sat Mar 03, 2007 12:54 pm
Location: Currently Central Ohio, USA

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby Mudpuppy » Sat Mar 23, 2013 6:24 pm

TravelforFun wrote:I've always wanted a Rolex. Wanted it when I was 20 and now I'm 60. I have a 7-figure investment and no debts. I don't think I'm cheap since we live comfortably and travel extensively .... South America couple of years ago, Europe last year, and Australia this year. Every time I go to the mall with my wife, I stop at the jewelry store window and look at that watch but I can't pull the trigger and write an $8,000 check. Wife doesn't know my secret desire or she would have gotten it for me.

I was reading the posts about midlife crisis. Is that what it would take to push me over the edge and buy that watch or am I too late for midlife crisis (which is perfectly fine with me lol)?

The question to ask yourself is if you really want the Rolex, or if you just like to window shop. There is a distinct difference. If you just like to window shop, it's the process of looking at the item(s) and thinking about "what if" that's the fun part, but the actual procurement of the items will not lead to fulfilling any of the "what ifs". It's basically the idea, not the item, one likes if one is window shopping. You should probably figure out if it's the idea or the item you want, before you (or your wife) spend the money on the item.
Mudpuppy
 
Posts: 2682
Joined: Sat Aug 27, 2011 3:26 am
Location: Sunny California

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby HardKnocker » Sat Mar 23, 2013 6:28 pm

Most people today do not wear watches. They use their cellphones to tell them the time.

I have two watches that I never wear. The batteries died. I replaced the batteries and didn't wear the watches. They died again.

Watches are obsolete.
“Gold gets dug out of the ground, then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility.”--Warren Buffett
User avatar
HardKnocker
 
Posts: 2021
Joined: Mon Oct 06, 2008 12:55 pm
Location: New Jersey USA

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby jginseattle » Sat Mar 23, 2013 6:31 pm

I always wanted a Patek Philippe.
jginseattle
 
Posts: 472
Joined: Fri Jul 01, 2011 8:33 pm

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby Toons » Sat Mar 23, 2013 6:55 pm

TravelforFun wrote:I've always wanted a Rolex. Wanted it when I was 20 and now I'm 60. I have a 7-figure investment and no debts. I don't think I'm cheap since we live comfortably and travel extensively .... South America couple of years ago, Europe last year, and Australia this year. Every time I go to the mall with my wife, I stop at the jewelry store window and look at that watch but I can't pull the trigger and write an $8,000 check. Wife doesn't know my secret desire or she would have gotten it for me.

I was reading the posts about midlife crisis. Is that what it would take to push me over the edge and buy that watch or am I too late for midlife crisis (which is perfectly fine with me lol)?


Write the check,you won't regret it . You can't take it with you and if you don't spend some of it someone else will when your gone. You are in the sixth decade of your life.Enjoy some of the fruits of your labor. Its money,you are supposed to enjoy some of it for whatever you want regardless of what anybody else thinks.And by the way ,make sure you get the Rolex that you REALLY want ,even if it costs more than 8k,YOU DESERVE IT :happy.
It it helps you any I had a mini crisis a few weeks ago(Im a couple years older than you).
My wife and I have always wanted a Honda Crv,did we Need it ,,probably not ,but I "wrote the check" for a new one.No regrets whatsoever.If it is something you have always wanted in life and can afford it don't hesitate to treat yourself ,regardless of what others might think.You DESERVE it :happy
Last edited by Toons on Sat Mar 23, 2013 9:33 pm, edited 2 times in total.
"One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity" –Bruce Lee
User avatar
Toons
 
Posts: 4459
Joined: Fri Nov 21, 2008 11:20 am
Location: Hills of Tennessee

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby likegarden » Sat Mar 23, 2013 7:01 pm

Also think about safety, someone might rob you when you show an expensive watch in public.
likegarden
 
Posts: 1254
Joined: Mon Feb 26, 2007 6:33 pm

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby tylerherman » Sat Mar 23, 2013 7:12 pm

Who wears a wrist watch in 2013?
tylerherman
 
Posts: 37
Joined: Tue Feb 19, 2013 8:07 pm

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby lwfitzge » Sat Mar 23, 2013 7:18 pm

Watches have lost some of their utility in the era of smartphones. People do wear Rolexes and other watches for fashion, a piece of jewelry. Admittedly, I look at my phone for the time often but wear my nice Tag Heuer everyday.
Last edited by lwfitzge on Sat Mar 23, 2013 7:25 pm, edited 1 time in total.
lwfitzge
 
Posts: 311
Joined: Sun Jun 12, 2011 9:01 am

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby winglessangel31 » Sat Mar 23, 2013 7:22 pm

HardKnocker wrote:Most people today do not wear watches. They use their cellphones to tell them the time.

I have two watches that I never wear. The batteries died. I replaced the batteries and didn't wear the watches. They died again.

Watches are obsolete.

I know that many don't, but as a young 20-something, I still do. It completes a slick, clean, smart look. ;)
winglessangel31
 
Posts: 210
Joined: Tue Feb 12, 2013 5:53 pm

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby rfburns » Sat Mar 23, 2013 7:25 pm

I've never understood why people buy $5000 watches. It is not because they keep better time, so it must be bling or a status symbol thing. I can appreciate wanting a Rolex, but I would not dare go out in public wearing it, so it counters my need.

OP you appear to have the means and if would fulfill your desire then go for it.
rfburns
 
Posts: 438
Joined: Sun Oct 18, 2009 2:55 pm

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby norookie » Sat Mar 23, 2013 7:31 pm

There are many nice watches out there theses days. There are many expensive watches out there too. I think of them as jewelry with so many time points out there today. JMO
Last edited by norookie on Sun Mar 24, 2013 9:04 am, edited 1 time in total.
" Wealth usually leads to excess " Cicero 55 b.c
User avatar
norookie
 
Posts: 3016
Joined: Tue Jul 07, 2009 2:55 pm

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby Sam I Am » Sat Mar 23, 2013 7:33 pm

I have bought two Rolex watches, one for each of my sons-in-law. I had gifted my daughters some funds from my father's estate. The money was given to the couples, but I felt a personal gift to the SILs might be a nice thing to do, as I don't know how they might feel about the gift of money I had given to them. I wanted to give them something personal.

I thought about buying myself one as well, but I think I received much more pleasure giving Rolex watches than I would have received had I bought one for myself.

Owning an expensive watch hasn't been a priority of mine, but honestly if I really wanted one I wouldn't hesitate, so long as I could afford it. I would probably buy my wife one prior to buying myself one, at this time in my life. It never hurts to have a little good will banked in a marriage. Might come in handy one day, when I really do want something for myself. :D

Nice thing about buying my sons-in-law the watches is come July each SIL will have a son, perhaps they can pass down their watches, though they are under no obligation to do so.

Travelforfun, $8,000 might seem a lot of money, but I assure you I know a couple of people (not me, thankfully) that found their midlife crisis cost them half their assets. I bet you might know a couple of folks that paid the same price for their midlife crisis. :oops:

Examined in that light, $8,000 is peanuts, I'd say. Get your watch, and enjoy it. But make sure that is your only midlife crisis, lest you end up losing it, and more!

Sam I Am
Sam I Am
 
Posts: 2063
Joined: Tue Feb 20, 2007 8:58 pm

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby thirdman » Sat Mar 23, 2013 7:48 pm

I bought a Rolex in the 1960's and wore it for many years. Then i dropped it. It never kept proper time after that, in spite of sending it to Rolex. I have owned expensive cars in the past, and have enjoyed owning all of these things. Maybe i got it out of my system.

When i wore the Rolex my Dad had an Accutron.

My current watch is a Seiko Solar for $100, and i drive a Camry. I am at the point where i actually enjoy owning less, except maybe an iPad and other gadgets. Now i spend what little i have on food, entertainment, and travel. Soon we are off to the early bird special.

Remember a Rolex is mechanical.
User avatar
thirdman
 
Posts: 155
Joined: Wed Nov 12, 2008 8:11 pm

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby Chan_va » Sat Mar 23, 2013 8:04 pm

Op, what is it about a Rolex that you like? There is a boglehead solution to this. If it is the artistry of a fine mechanical timepiece that you want, there are some good options in the $1500 range. Hamilton,Raymond Weil, longines etc.

On the other hand a properly documented Rolex is one of the most liquid collectibles. It holds value well too.

The problem with a Rolex is that those who know watches look down on an entry level Rolex. And those who don't cant understand why you bought it or think its fake.
User avatar
Chan_va
 
Posts: 513
Joined: Wed Dec 05, 2012 8:15 pm

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby mhc » Sat Mar 23, 2013 8:21 pm

If you can afford it, buy it. What else is money for if you don't enjoy it?

I got a $500 watch for a work anniversary gift. I hate it because it is too heavy. I prefer my cheap black casio. I have one that has been going on its original battery for 25 years.
User avatar
mhc
 
Posts: 2446
Joined: Mon Apr 04, 2011 11:18 pm
Location: NoCo

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby bigcmagor » Sat Mar 23, 2013 8:22 pm

If I wanted anything for 40 years and could now easily afford it, I'd buy it. Actually thinking of buying another so that both of my sons can inherit one. What else can they carry through the balance of their lives that was a daily part of dad's life?
bigcmagor
 
Posts: 18
Joined: Tue Aug 14, 2012 5:06 pm

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby plats » Sat Mar 23, 2013 8:24 pm

I have a Rolex but I wear my Casio every day. It’s lightweight, radio controlled, solar powered, accurate, and if it’s misplaced only costs $200 to replace.
plats
 
Posts: 342
Joined: Mon Dec 31, 2007 10:46 pm

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby Taylor Larimore » Sat Mar 23, 2013 8:37 pm

TravelforFun:
Why Can't I Bring Myself to Buy Me a Nice Watch?

Probably because you are intelligent and self-confident like our mentor, Jack Bogle.

Mr. Bogle told me that the $17 watch he wears was given to him by a friend while he was in the hospital getting ready to receive his heart transplant.

Best wishes.
Taylor
"Simplicity is the master key to financial success." -- Jack Bogle
User avatar
Taylor Larimore
Advisory Board
 
Posts: 20091
Joined: Tue Feb 27, 2007 9:09 pm
Location: Miami FL

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby retiredjg » Sat Mar 23, 2013 8:50 pm

linguini wrote:Ignore everyone else in this thread. You have wanted a Rolex for 40 years so you know it's not a whimsical or impulsive buy. Clearly you can afford it, and you don't make a habit of stupid big ticket purchases or you would have bought it already at some point during the last 40 years. For the life of me, I cannot understand desiring an expensive watch, and wearing such an expensive thing on a wrist seems utterly silly to me, but clearly it would bring you great joy and pleasure to know you are finally wearing it, and there is nothing frivolous about buying something that would bring you great satisfaction. Ultimately, we earn money to spend it, not to keep it in bank accounts. Just because you don't have to spend money doesn't mean you shouldn't.

So, here's my suggestion: tell your wife you've wanted a Rolex since you were 20 but that you can never seem to get yourself to actually buy one. Do it the next time it seems like a reasonable segue in a conversation. Maybe even the next time you're passing one of those jewelry stores in the mall. Then she can provide you with the push you need to finally pull the trigger on that $8k check just this once (and just this once, no cheating) so you can have something you have wanted your whole life and can easily afford now.

I agree with every word of this except one thing.

Let your wife know you want it and then let her surprise you. It has probably been a long time since she could really get some joy out of getting something for you. You already have most everything you want or need. Knowing that you have wanted it for 40 years would make giving it very special for her too.

You should have watch. But maybe not wear it on some of your trips. :beer
retiredjg
 
Posts: 18073
Joined: Thu Jan 10, 2008 1:56 pm

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby Busting Myths » Sat Mar 23, 2013 9:18 pm

ualdriver wrote:I don't get these threads. For God's sake, you have a 7 figure portfolio and you want to drop a few bucks on a luxury like a nice watch or a nice car or a set of clubs? Go buy your watch and enjoy it.


People need Boglehead approval for extravagant purchases of "X" for fear of being kicked out of the Boglehead order. Double points if John Bogle gives personal approval to buy extravagent purchase of "X."

I see the need for an Off-Topic forum.
Busting Myths
 
Posts: 194
Joined: Sun Oct 24, 2010 5:04 pm
Location: So Cal

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby SHL » Sat Mar 23, 2013 9:26 pm

I bought a nice Seiko watch recently, on sale for $125 USD. It looks nice and keeps excellent time, so it's perfect for me.
Stephen
User avatar
SHL
 
Posts: 153
Joined: Fri Dec 24, 2010 10:53 pm
Location: Nashville, TN

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby LadyGeek » Sat Mar 23, 2013 9:33 pm

This thread is now in the Personal Consumer Issues forum (consumer item).
To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.
User avatar
LadyGeek
Site Admin
 
Posts: 19550
Joined: Sat Dec 20, 2008 6:34 pm
Location: Philadelphia

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby Tortoise » Sat Mar 23, 2013 9:37 pm

zaboomafoozarg wrote:Bought my Acqua in 1999 at Walmart for $9. Hoping that it lasts me till I die.


Or 'til the battery dies, whichever is first. :)

rixer wrote:I bought a Rolex in Mexico once. It was only $15.00. I don't know what the big deal is.... :P


My brother bought me one in Taiwan. I think he also paid $15. It never kept very good time. though. :P
Last edited by Tortoise on Sat Mar 23, 2013 9:48 pm, edited 1 time in total.
"Always do right. This will gratify some people, and astonish the rest." --Mark Twain
User avatar
Tortoise
 
Posts: 354
Joined: Sat Aug 08, 2009 4:24 am
Location: San Jose

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Postby nedsaid » Sat Mar 23, 2013 9:41 pm

With all the power and authority vested in me, I hearby give you permission to buy the Rolex watch you have always wanted.

$8K is not going to break you.
A fool and his money are good for business.
User avatar
nedsaid
 
Posts: 2582
Joined: Fri Nov 23, 2012 1:33 pm

Next

Return to Personal Consumer Issues

Who is online

Users browsing this forum: avalpert, BuckyBadger, flyingaway, leonard, lightheir, obgraham and 53 guests