Saving & Spending
Value for money: Rolexes snapped up in Singapore.
By A Singaporean Stockmarket Investor (ASSI)  •  January 20, 2015
"Rolexes flew off the shelves over the weekend after the Swiss franc's surprise appreciation last Thursday sent Singapore's luxury watch enthusiasts on a buying spree before retailers adjust their price tags." Source: The Straits Times. Today, a fellow blogger sent me a message: "I read today that pple are rushing to buy Rolex and other Swiss watches, from a value point do u think it is worth to buy now?" To be quite honest, the thought of buying a Rolex or two crossed my mind too after reading the news regarding the Swiss Franc last week. I thought about it a bit more and decided that although the prices of brand new Swiss made watches are certainly going to be higher in future, I would be silly to lock up money in what is a consumption item that is likely to depreciate in value over time even though I might have a margin of ......
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By A Singaporean Stockmarket Investor (ASSI)
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