Quote:
Originally Posted by Benedict1957
A couple dozen? So during the market crash you spent 24*$20k = $480k (minimum) buying up AP watches as side hobby and investment? Are you kidding me?
I mean spend your money however you see fit, but you make it sound effortless to make money (however little) buying and selling luxury watches.
|
A couple dozen was a bit of an exaggeration. If memory serves, I bought 19 total. The APs I was scooping up during the crash were going for 1/4 of what their value was just months before everything went to shit. I sunk just under $100k in APs during the crash, which at the time was around half of my life savings.
Two years later, when they started approaching pre-crash value, I unload most of them. I used the profits from the watches to buy a few foreclosures and turn them in to rentals in the Orlando area, which was hit extremely hard by the crash.
It was a huge risk, but proved to be a life changing investment for me.
