Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Would you consider this an investment?
I recently purchased a Rolex for myself and I'm wondering if it could/should be considered as an inestment/asset since they do increase in value.. Thoughts?
Yes I wear it. I purchased it because I wanted it and got a good deal.
3 Answers
- Anonymous1 decade agoFavorite Answer
Congratulations! I recommend getting your Rolex insured -- typically offered with your home owners policy or an "umbrella" policy.
Even if you wear it, it is an investment, more so if your time piece is platinum or gold (ie. full 18K or SS/18K) or a harder to find model (ie. SS Daytona.)
Be sure to maintain your Rolex and have it serviced every five years to keep it running and looking new. Take it to your local Rolex Authorized Dealer. They will send it to the closest Rolex Service Center who will provide you with an estimate before any services are performed.
Source(s): Fellow Rolex owner and enthusiast. - Ryan MLv 71 decade ago
Not normally. If you plan on actually wearing it, then it is not an investment. If you plan on buying it and putting it away for 30 years, then yeah that is an investment.
- Anonymous1 decade ago
if you think it's an investment, it's a dumb investment -
i don't think it's an investment -