Patek ref. 5980 is holding value better than 99% of crypto these days.
Wtf...
By the way, did you know that you can preserve wealth as well as make money on things like watches, cars, yachts, hand bags, and many other luxury attributes?
Not just stocks, crypto, gold and other assets that people usually associate with "money making".
I never spoke about this much.
But most things I own, I do not just because I enjoy them, but because they are good at holding value, and often appreciate over time.
Same with my Bugatti. I bought it not just because I always wanted one. It will be worth much more in a few years. And there are reasons for it.
It’s all part of basic financial literacy, money management and the understanding of the market for certain items.
For instance, I helped my wife build a relationship with Audemars Piguet. It took a while but she finally got a call to pick up a ladies Royal Oak. We paid $22,000 for it, while on the secondary market it’s worth around $35,000.
Just like that a $13,000 profit by buying a damn watch.
For these kinds of reasons rich get richer, while poor get poorer.