Is it silly to think of my dj as a potential storage of money? I have cash at the moment and am liquid. But am 25 so seems silly to be trying to spend 9k on a watch. I will likely never sell it but if things turn south I have at least 7k of value on it

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Yes, it’s silly.

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If you already have the cash, there’s no point buying the watch to use it to store money there bc the watch is less liquid and the watch market is more volatile than the USD

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I wouldn't think of it as stored value. It can get lost, stolen, broken, etc. Also, time has shown that when you need money the most, people smell blood in the water and will price gouge you into oblivion. That being said, it's a better "store of value" than a lavish vacation - which is the only way I compare luxury purchases since both are nice but ultimately unnecessary

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Very silly to think of it as a store of value, but people tell themselves all sorts of things to justify unnecessary purchases
I personally use only my disposable income on watches, and would never rationalize it as an investment

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If it seems silly, then you don't need the watch. It is purely a luxury item and therefore, not an investment. There is no guarantee you'd get that money back and the popularity of models goes up and down. There are plenty of lower cost options for a timepiece, even within the Rolex brand.

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Never buy a watch as an investment (unless, I suppose, you are incredibly wealthy and have the means to buy multiple hard to obtain watches as a means of speculation).

Watches do keep their value better than other luxury goods, but just think of that as a nice bonus, and never let it factor into the equation of whether or not you buy one.

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Money is dead to me when I buy a watch. But also know what I like and will be happy to keep forever

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Watches are financial instrument for the rich that really don't care about maximizing return.

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A watch purchase should not bring about stress. If you are worried about things turning south, perhaps you should delay any purchase until you have more saved. Looking at the watch should bring pure enjoyment.

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