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Thread: Theater of the Absurd: Things and Prices

  1. #1
    Dinger of Hum Chronopolitano's Avatar
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    Theater of the Absurd: Things and Prices

    It's all about the theater: the venue, the setting, the ambience, who's around wearing what, etc.

    Watches are not immune either, to put it mildly.

    This is one of the many reasons why I don't like to spend beyond a certain point for watches.



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    El bot. geoffbot's Avatar
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    So if someone gave you 10m you wouldn't buy an expensive watch?
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    Dinger of Hum Chronopolitano's Avatar
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    Quote Originally Posted by geoffbot View Post
    So if someone gave you 10m you wouldn't buy an expensive watch?
    No, I really wouldn't. But I'd buy you whatever watch YOU want, Geoff.

    Me? I'd probably top off at around 3,000 USD. Max.
    I have no desire for those $20,000 Pateks, let alone $200,000 rare Rolexes. etc.

    10m isn't much, you know. So many other things to do.

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    El bot. geoffbot's Avatar
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    10m is quite a lot of money. And to be honest I don't crave watches over 8k (Royal Oak) either as it happens.
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    Dinger of Hum Chronopolitano's Avatar
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    Quote Originally Posted by geoffbot View Post
    10m is quite a lot of money. And to be honest I don't crave watches over 8k (Royal Oak) either as it happens.
    Well, to me, "a lot of money" = Need professional help in looking after it.

    10m = "I just don't have to THINK ABOUT" money

    Royal Oak? ??

    Pffft.


    Alright, if that's what you want. I'll get it for ya. G Zuss.

  8. #6
    Missing manual. BlackNomad's Avatar
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    Quote Originally Posted by geoffbot View Post
    So if someone gave you 10m you wouldn't buy an expensive watch?
    I'd buy all 14 watch items on my wish list the most expensive being $760 Tissot, the rest - Seikos, Orients, Casios/G's - each of them have some design or technical features that i like. No Rolexes for me either.
    Is it strange?

    "Happiness is not a state to arrive at, but a manner of travelling." Margaret Lee Runbeck.

  9. #7
    I've got desires at 20, 10, 5, 2 and 1 thousand. Give me the money and I promise I'll spend it.

  10. #8
    10M isn't a small amount of money, but it certainly isn't a large amount of money.

    Savings account yields in the U.S. are less than 1%, and average 0.06%. So, that's ~
    6000/year.

    In 2014, the S&P 500 returned 11.74%. Assuming you reinvested dividends, you would have gotten 14.04%. That's 1.4M. But in 2008, S&P was down -38.05%, not including dividends, so you may not want to invest all of your money there.

    So let's look at bonds. The U.S. treasury yield curve was ~3% in 2014. That's 300,000. If you went the route of inflation protected securities (e.g., TIPS), you'd be looking at ~2.5%, which is 250,000.

    As a reasonable investor, let's say you split amongst all four categories evenly. You're looking at a return of 490,000 a year. And that's assuming a generous bull-market return. If the market was down, you're looking at a loss of ~800K.

    If you want to do cost averaging for 3 years of bear markets and 7 years of bull markets, you are looking at ~
    1M over 10 years. Which is ~100K/year. Throw in taxes and you're looking at a good life, but nothing great. Certainly not enough to go splurging on expensive new watches and mansions without touching the capital.
    Last edited by M. Montaigne; Mar 22, 2015 at 06:25 PM.

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    Dinger of Hum Chronopolitano's Avatar
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    Quote Originally Posted by M. Montaigne View Post
    10M isn't a small amount of money, but it certainly isn't a large amount of money.

    Savings account yields in the U.S. are less than 1%, and average 0.06%. So, that's ~
    6000/year.... If the market was down, you're looking at a loss of ~800K. ....

    OK, I spoke too soon.
    I might give M a call.

    On the other hand,...
    He'd probably take advantage of my ignorance and take half for himself right off, and then quadruple that in a year, then call me collect from a yacht in the Mediterranean to tell me the market is experiencing a downturn, so could I fork over the rest.

  13. #10
    $10m = 6.6m

    1.6m buys the nicest house in my neighbourhood.

    5m buys 15 two bed flats in my neighbourhood, each producing an income of mimum 1,200 / month

    1,200 x 12 x 15 = 216,000 a year without having to get on a bus. Spending 15k on a watch is then just a question of priorities*



    *and will necessitate getting the 185 into town

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