Video Discription |
Best Watches to Buy, Sell, or Hold for 2023
The main reason luxury watches are referred to as investment watches is that they are designed to be one-of-a-kind and can be resold for a higher price than purchased. This resale value rises even if the brand no longer manufactures that model.
However, due to present economic reasons, the resale value of several luxury timepieces has decreased significantly. So, today, we'll discuss which timepieces to buy, sell, or hold in 2023.
Not all assets will provide the expected return. However, certain investments will provide you with a higher return than others. Real estate, equities, and cryptocurrency are typically the most well-known assets to invest in, and our topic in this video is luxury watches.
When you have enough cash, you will likely invest in real estate because it is high yielding and bears minimum risks because land value always increases and does not depreciate. However, because of its low risk, the yield is smaller than in high-risk, high-return stock investments.
On the other hand, according to surveys, luxury watches have a higher ROI (return on investment) than stocks. Cryptocurrencies are thought to offer a higher ROI than watches. Luxury timepieces are excellent investments due to their high return or resale value, which more than doubles their purchase price.
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