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Bought a Casio Data Bank DBC-32B-1ADF "calculator watch" about three years ago for like $30 USD. I get more compliments on that watch than any other piece of clothing/accessory that I own. Started using it as my daily driver watch and it's genuinely great, a real conversation starter. If anybody wants one, they're still in production and can be easily bought new on the big retailers' sites.
"go into debt if you have to"
That guy writes like minimum wage
I absolutely love the design but I'm surprised nobody has pointed out that this goes against the very purpose of wrist watches: you can't just turn your wrist and look at the time.
I know it's just a press off a button, but if only one of your hands is full (depending whether you're right or left handed) then it gets annoying rather quickly.
As for the Rolex obsession: I've lost several watches, but every single time I just re-bought my cheap Casio. I love it and it does the job quite reliably. Also, I personally dislike analog watches.
That was the purpose before the invention of pocket computers pretending to be phones. Now they're just jewelry. They don't even need to function anymore.
TBF I still have both. Nothing beats quickly glancing at your wrist (until they develop built in HUD brain chips, so another 2 years). Especially when you're doing hand stuff anyway.
Me, with my watchy, not givenafuuuuuck bout Rolex.
But yeah that's some rad nerd chic there.
Almost everyone in this thread is talking about wannabe tryhards, investment, and reliable watches, but for people who are interested in the pictured watch, they're real, but pretty cheap and flimsy; I have a couple.
They came out in gashapon machines a couple of years ago, although I got mine just last year for (IIRC) ¥500 a pop. It's a series by Takara-Tomy with two models of Saturn (black and white), and two models of PS1 (PSX and PSOne).
https://dlmag.com/playstation-1-and-sega-saturn-themed-watches-for-classic-game-fans/
https://www.piggygaga.com/shop/gashapon-sega-saturn-playstation-vs-watch-collection/
Just adding to your post, Japanese yen dont factor in decimals. So if you were to right out 500 yen like we do dollars itd be 5.00 yen, so five bucks.
Rolex is a watch that poor and middle class people think is a rich person's watch.
Most well-known "luxury" brands are. Real rich person's brands won't even bother selling to the poor. There's currently a meltdown among the middle class because Hermes is laughing them out of the store. It's quite funny.
Audemars Piguet is a real rich person brand
Just to be clear - Hermes is also a fucking waste of money that serves no purpose other than to signal your membership in a club that has no value to society.
All luxury products works that way
Yeah because luxury doesnt mean quality, pretty sure I could get a custom leather coat from some Amish dude out by Salmon Idaho thatd blow away any luxury leather.
Exactly, if you take off the brand logo of an item, its price would drop significantly.
The item itself is secondary, what's important is the status it passes to other people. That's why we find those ridiculous stuff with Supreme brand
Correct
I mean, yes? I didn't mean to imply otherwise.
For sure, I was just putting a blunt tip on it so nobody would be confused.
Retail workers are doing that? Seems odd.
Have you never been to a high-end store where the retail workers just act sorta superior to you because they sell expensive things you can't afford (but at the same time make multiple times less than you because they're retail workers and you're not)? It's that kinda thing. It's weird af.
Not odd. Retail workers at those kind of stores have usually been brainwashed.
Seriously. Past a certain level of wealth, you don't even need to buy brand-named items for most everyday things. You don't buy a suit from an expensive brand. You hire a world-class master tailor to custom make you a suit from scratch. It's fit exactly to your body, made to your exact tastes and specifications. The same thing should be possible with watches. You don't buy an expensive brand, you hire a watch maker to make you an entirely custom piece.
I'd imagine that's pretty rare with watches. I'd guess if they aren't just wearing an apple or Samsung watch, they're wearing something like a Parmegiani.
In case anyone else wants to look them up, it's spelled with a third "i" instead of "e" Parmigiani Fleurier
Sounds pretty cheesy.
Just FYI for whoever needs to read this: If you go into debt for a single investment, it's a mistake. You are supposed to invest your excess, into as many isolated pools as reasonable. If you're part of the majority of the population, which doesn't have an excess, you are not investing - you are gambling.
Just FYI for anyone who needs to read this: it doesn't matter how fucking wealthy you are, ranking yourself with a watch is cringe and idiotic. Don't be a fucking sheep if you are poor. Don't be a fucking sheep if you are rich.
This is not really applicable and only works if you look at investments pretty naively.
The most obvious rebuttal to this is home ownership a mortgage is debt and is also a 'single purchase' however for most people, a mortgage is their first step towards financial independence. The next concept of course is TVM (time value of money), having cash available now to invest in worth more than later, and so utilizing leverage to invest money is important.
Generally, investments that beat interest make it worth it to utilize debt to make them, this is the premise behind investing using margin, utilizing heloc loans, or taking out a loan for a business, education, or tooling that will allow you to earn more.
Debt isn't inherently bad and there are many ways to use debt to your advantage.
A good way to look at it is like this, if you have a line of credit available to you that satisfies your emergency fund, let's say a few thousand dollars, instead of sitting on the fund in a low interest savings account, you can move that to something marginally less liquid, like an REIT or an index fund, and use the line of credit to float cash until you can withdraw. Use the credit for the 4-6 days it takes to clear the transaction. You may pay some interest, but the emergency fund will have actually gained significantly more than any interest you would pay.
Not all investment is the same, buying out of the money long calls on mene stocks is not the same as moving medium or long term savings to high dividend managed funds.
I'd say the mortgage example is special, as it's not just an investment for investment's sake, it's a house you are actually going to use, and your realistic alternative is to rent a place on indefinite terms.
For most folks, investments that beat the loan interest is a tricky and often outright risky proposition. If you are leveraging yourself too far then you are almost certainly not getting a good rate, and the investment may be assumed to do better, but could go significantly worse.
Let me give you some real advice, buy a Casio G-SHOCK, pick a version with tiny solar panels. Seriously, they will last a very long time, no need to change a battery or synch it. Strapped my watch on like a decade ago, still works without any maintenance or anything.
Same. Got my G-SHOCK GW-M5610. Basically the ThinkPad of watches. Will never break, throw it in the ocean, smash with a hammer. Still trucks on. Was like $60 when I bought it. Most comfortable watch for travelling and every day use.
Yes! I bought one 15 years ago and it's still trucking. Solar powered and syncs with an atomic clock so no maintenance. Also while cleaning I found a cheapo battery powered gshock that's probably just as old if not older, and it was still going and only 8 minutes off. Seriously amazing watches. If I didn't rely on my smartwatch for sleep tracking and notifications, I wouldn't wear anything else
That or the Casio Pro-Trek if you want something that's not the G-Shock
That or the Casio A168WE if you want something that's not the G-Shock or the Pro-Trek.
Definitely in the category of "ol' reliable" in terms of watches but I like the Pro-Trek because of some of the added features like the compass, barometer and altimeter.
Didn't know that type, now I might have to get one
I've had mine for a good while now and it's out up with all maner of abuse. Plus mine has a canvas strap that I prefer over metal or silicone.
What an idiotic OP (in the picture not you). Go into debt over a status symbol with as much utility as a $10 substitute. Yes, brilliant advice.
It was so phenomenally stupid that the guy got turned into a meme for a while on Twitter/X.
https://knowyourmeme.com/memes/if-youre-a-guy-in-your-early-20s-buy-a-rolex
If you are a first time Rolex buyer you for sure aren’t getting the watches that will appreciate in value. Rolex purposely creates a scarcity and will only sell limited watches to long time customers who have bought many less valuable watches before. It’s also so chuds that believe this guy don’t devalue the brand.
Yeah, for people who aren't aware...Rolex reps only make certain high demand models available to preferred customers, i.e. people who have a track record of purchases with them. That's why these models are so "exclusive". It's a long con.