Are you considering finally investing in timepieces? Here are a few reasons to take a closer look
While the world of investments may appear daunting, there’s a venture that’s catching the discerning eye of men—watches. These finely crafted timepieces have transcended their traditional purpose and evolved into an intriguing asset class. Read on to see why getting into watch investments can be considered a smart move for your future.
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Wearable wealth
When it comes to wise investment choices, consider a quality timepiece. Watches are your on-the-go assets. Unlike stocks and property, they don’t weigh you down—they’re just right there on your wrist, an investment that’s as easy to wear as it is to love.
Time-tested investments
Here’s a secret to making your money last: invest in a top-notch watch. You’re not just buying a timepiece; you’re handing down a legacy to the next generation. So, why not start a tradition of style and success with a wristwatch that stands the test of time?
Staying ahead of the curve
Investing in watches can be a shrewd decision as they tend to be less affected by stock market fluctuations. In 2022, during the COVID-19 pandemic, luxury watch values only declined by 8%, while the S&P 500 plummeted by 19%. In an era of economic uncertainty and layoffs, investing in timepieces makes sense. Interestingly, renowned watch brands like Rolex, Audemars Piguet, and Patek Philippe showed substantial growth in 2022, with a minor adjustment towards the end of the year.
Growing worth with every tick
For potential watch investors, it’s essential to understand that select timepieces, particularly those crafted by esteemed brands, tend to appreciate in value over time. Even in uncertain moments, the value of luxury timepieces remains strong, with high-net-worth individuals showing increased interest. The statistics underline this phenomenon. In 2022, the luxury watch market reached a valuation of USD 42.2 billion, and projections indicate it will climb to USD 62.25 billion by 2030, showcasing a steady annual growth rate of 5.2% over the next eight years.
Finance meets fun
While typical investments focus on finances, timepieces can bring an extra layer of joy and practicality. They don’t just sit pretty on your wrist as they also draw admiration and hold treasured sentiments. That’s why collecting watches is certainly an all-around rewarding journey for any guy.
Featured Image: TAG HEUER (via Instagram)
