I have fallen in love with a new watch and am now obsessed with obtaining one.

Ever looked at buying watches in your IRA account? The rules are a bit ambiguous on collectibles and I am interested if anyone has done so.

 

I would say no chance, "The IRS considers such items as works of art, antiques, rugs, gemstones, metals, coins, stamps and alcoholic beverages to be collectible items, which you cannot put into your IRA. The IRS adds the ambiguous phrase "certain other tangible personal property" to its list of prohibited collectibles. This covers anything else the IRS might determine to be a collectible item, even if it is not specifically identified as such in official IRS publications."

 

dp

 

sorry for the extra posts, kept getting a notice for a server error and no new post.

 

i'd love to get a grand seiko.

 

Grand Seikos are really impressive, especially given the price. The designs just haven't spoken to me. Whenever somebody asks me for an inexpensive watch recommendation I cut straight to the Seiko SKX007J:

Though out of production, you can still pick them up on Amazon for relatively little money. They look killer on a NATO strap, have a bulletproof automatic movement, proper depth rating and the J code watches, made in Japan, are finished/built very nicely. It's my least expensive watch (less than an Apple Watch) and honestly just as satisfying as the high-end Swiss stuff.

 

This is the only watch I got to have

 

In many cases it's exactly like that. My friend only owns a single Rolex, A Date Just that's 10 years old. He is trading it in on a new Rhodium dial Rolex and actually getting more in trade than he originally paid. I've got 4 vintage Matt dial Rolexs that I've owned perhaps 15-17 years, all are probably worth 3x what I paid, but they are in extremely nice condition and very desirable ( Red Sub, Double Red SD, Great White SD, and early GMT)

 

If I had a different job where I could wear a watch, I've always wanted a slightly older, standard submariner on a nato band.

 

That's quite the lineup! Please DM me if you're ever interested in selling any of them. Always wanted to find one in the wild and not have to go through a dealer or big time collector.

 

Check out Chrono24.com

 

I have a Daytona but I don't wear it much. I'm always too nervous about jacking it up in the course of daily wear. Usually when I'm actually wearing a watch I wear these Autodromo watches or a Corum Admiral.

I appreciate the technical capability and craftsmanship required to create a really nice watch, same as a car. I do think the watch market is saturated with super ugly gaudy wrist-bricks though. I used to not care for Rolex or similar but now I think it's much nicer than the gold plated bedazzled full-size grandfather clocks people are strapping to themselves.

 

I've got a couple of Gshocks that I wear. Hell I don't even pay for those, they go on the Christmas list.

I couldn't justify dropping 4 or 5 digits on a timepiece.

Sent from my SM-G935V using Tapatalk

 

That is about what I want!


Sent from my iPhone using the svtperformance.com mobile app

 

I saw the Pepsi Rolex on fleabay yesterday for $5500


Sent from my iPhone using svtperformance.com

 

I have a couple watches. Nothing major though. I got a nice Fossil watch for a 5 year work anniversary once.

I'd love to have a Breitling Cockpit B50! Just a cool $7,000.

 

I've got a couple of the Chrono MVMT watches and they have been pretty good for the price.
Bought this one for my wedding.