SAN FRANCISCO (KGO) — Making a buck in the stock market is getting harder these days. Stocks are priced richly. Bonds don’t pay much. So maybe you should look for new places to stash your money. A different asset class, perhaps?
Star of the ABC show Shark Tank, Kevin O’Leary, who bills himself as “Mr. Wonderful,” can be a tough investor. So when he suggests putting money in a hard asset, it is worth checking out.
O’Leary believes high-end Swiss 1:1 replica watches brands, like Rolex, can be a great investment. He’s not alone. Headlines about luxury fake watches have been shifting from focusing on fashion to highlighting investment potential. “Rolex Daytonas outperform stock market,” reads one headline. “5 best online replica Rolex watches to invest in during the second half of 2021,” reads another.
So can you really make money buying a nice watch?
Avi Dayan keeps a close eye on watch prices. He owns San Francisco-based A and E Watches. His company sells top quality US replica watches, concentrating on pre-owned Rolexes.
There is a booming market for them. Back in 2017, copy watches for sale once owned by Paul Newman sold at auction for $17.8 million. All Swiss movements fake Rolex watches of the same style and vintage are called Paul Newmans.
“My last Paul Newman,” Dayan tells 7 On Your Side’s Michael Finney, “I bought about 20 years ago. The replica watches for men cost me $15,000. The same watch today is about $450,000 to $550,000.”
Now that is exceptional, but not out of the ordinary. One customer, Eric, says he bought pre-owned perfect fake Rolex diver’s watches, wore it for two years, then sold it again.
“The one I had went up significantly,” Eric says, “I was able to sell it at a substantial profit. It worked out well for me.”
So how do you get into this? Dayan says buy pre-owned. If you have the money, buy 2021 Rolex Daytona replica watches. If you can’t afford that, look for one of the diver’s watches.
“You buy a stainless steel submariner today, I bet you that in 10 years it’s going to be way, way more expensive than what you spend today,” Dayan says, “Buy wholesale super clone watches in good condition and buy it with a warranty.”
Before investing in anything, you need to know what you are doing. So if investing in imitation watches site seems like a good idea, learn now and invest later.