Similar Stories to Stop Thinking Your Expensive Watch Is An Investment, Says Rolex Boss on Bing News

A Rolex Daytona.Jordan Hart/BIIt's a bad idea to view luxury watches like they're investments, the CEO of Rolex said."This sends the wrong message and is dangerous," Jean-Frédéric Dufour told NZZ last week.Secondhand watch prices have tumbled since the Federal Reserve started raising interest rates.If you think an expensive watch is akin to an investment that can offer stock market-style returns, you're doing it all wrong — according to the CEO of Rolex at least.

BING NEWS:
  • ‘Who in the hell needs a Rolex watch?’: The late Charlie Munger warned Americans against ‘pretentious expenditures’ — here’s what he preferred to invest in instead
    In fact, this feeling of resentment about other people’s financial standing is what makes the world go around, according to the late Charlie Munger. Don't miss Commercial real estate has beaten the ...
    06/13/2024 - 12:12 am | View Link
  • Buying A Vintage Watch? These Are The 5 Questions To Ask
    While buying a new watch may be simple, purchasing a vintage watch includes some extra steps. When stepping into a ...
    06/12/2024 - 7:00 am | View Link
  • Stop thinking your expensive watch is an investment, says Rolex boss
    If you think an expensive watch is akin to an investment that can offer stock market-style returns, you're doing it all wrong — according to the CEO of Rolex at least. "I don't like it when ...
    04/17/2024 - 12:53 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News