Views : 583,460
Genre: Entertainment
Date of upload: Apr 30, 2024 ^^
Rating : 4.761 (788/12,409 LTDR)
RYD date created : 2024-05-18T04:44:34.004027Z
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Top Comments of this video!! :3
I love watches and always preach, by what you like! These happy jewelers folks literally preached how "watches are THE BEST INVESTMENT" over the last 3 years. They told everyone to buy buy buy. "The money is safe" etc etc...I mean, they lowball Michael, and he's one of their superstar clients who has brought them many many new clients and free advertisement...IMAGINE what they would offer nobodys like you and I!
366 |
Thank you PM for an educational video. So losing 35k is not good, but the loss is actually greater. You have to take into account the loss in interest the money would have generated if not spent on watches. Let's say all these wathces cost 200k, and you kept them for five year(never worn!!). Had you invested this money in the most conservative investment, which genreates 4% yearly interest, after five years you'd have a profit of over 40k(not including accumulated interest). So PM paid more than 75k for the experience of purchasing the watches and putting them in a safe, never wearing them. Let that sink in.
28 |
There is no way any of us get the same kind if deal if we go in there - its a great video, but the fact they discussed prices before hand, makes this a PR piece where they both push their own agendas and not genuine, which is not what we expect from the channel. We expect you to be authentic guys. This is a huge let down in my opinion, Michale.
34 |
I used to collect watches buying as and when I liked the look of one and had spare funds...all of a sudden I had 35...some hadn't even been out of the box since store day - much like here - after taking a loss on a fair few of them when selling them on I realized it was a mugs game for us, the consumer. I scaled down the collection to 4 watches I absolutely loved and would wear regularly if the mood and occasion suited. It's worked well. Now if I see an absolute must have piece, then I stick by the rule that one in the collection has to be sold to make room. Works for me.
7 |
What a blessing Producer Michael can take a loss like that with a smile on his face. I know for me, a pensioner living in Central America because I can afford to rent a small house w/garden, that is a butt load of money. I love watching well off people buying watches, cars and elaborate houses. I am so happy they make videos. I have a really good life, I am by no means complaining. The two gentleman are also fun to watch. Great job Adam for all your funnies
11 |
@NYGOLD
2 weeks ago
The dealers are always saying what a great investment watches are, yet every time someone sells a watch they ALWAYS lose money.
411 |