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Are Watches A Good Investment? How To Save For a Luxury Watch Today

are watches a good investmentHave you ever wondered, “are watches a good investment?” Well, there are many watch connoisseurs that would tell you they most certainly are. Whether you are a seasoned watch collector or a novice enthusiast just starting out, saving up for a luxury watch requires research and planning. The long term benefit is the investment it holds for you.

Luxury watches are not items you want to buy on impulse. They are products that have been exquisitely crafted and can be handed down as an heirloom to future generations. If you need to know are watches a good investment, then look no further. Luxury watches are often considered a decent investment and here are some of the ways you can save and own a luxury watch. 

Are Watches A Good Investment? How To Save For a Luxury Watch Today

Have you been looking for ways to invest your money wisely? Maybe in a fancy watch perhaps? Well if you are wondering are Watches a good investment for you, you’re in the right place. A luxury watch can be expensive but it is a great investment. Here’s how you can save up for the next investment on your wrist.

Pin Down The Essential For A Good Watch

Would you buy a car without first test driving it? Would you buy a house without first seeing and inspecting it? In each case, the answer is no. The process of buying a luxury watch is very similar.

You need to ask yourself some questions before investing in a luxury watch:

  • do you know what exactly you’re saving money for?
  • are you certain of the options that are out there?
  • Are you looking for a simple 3-handed watch or something with a few complications?

Do your research. Find the brand or design that fits your style. 

Stop At 4X Monthly Salary

It’s not worth owning a watch and ending up in thousands of dollars of credit card debt, with no savings or financial cushion. Luxury watches may not be cheap. However, it does not mean that you cannot find one that fits your budget.

If you are trying to figure out if watches are a good investment for you, then consider these two factors:

  • How long are you willing to save
  • How long are you willing to wait 

One tip is to find a watch whose price point is about 4x your monthly salary; this isn’t a hard-fast rule. However, it is a good place to start to figure out what is the most reasonable amount that you can afford to pay (with a solid savings plan in place!). Remember, it’s no longer a good investment if it costs you to go in debt. 

Look For A Pre-Owned Watch As An Investment

You can purchase a Patek Philippe Twenty-4 ladies watch, brand new, for around $46,000 USD. The same watch can be found, pre-owned, in top condition, with papers and certification, for about $7550 USD at There are even luxury watches on under $3000

Pretty sweet deal right?!

Buying pre-owned may require that you communicate with the sellers more. However, you’ll have a larger range of prices to choose from based on the condition the watch is in. This is vastly different than buying a watch brand new from a retailer.

Save 50-30-20 to Invest in A Good Watch

What you do with your paycheck will go a long way to help you save up for a luxury watch. The general rule for savings is the 50-30-20 rule. That means:

  • Half (50%) of your monthly paycheck should go to necessities like paying the mortgage or rent,
  • 30% should go towards daily expenses and wants
  • 20% should go towards a savings account or paying off debt. 

Save as much, or as little, per month from the last two categories. However, remember that it is always a good idea to have some savings left (for emergencies) after your watch purchase.

There are two ways to look at your luxury watch purchase:

  • a serious daily expense, or
  • a long-term investment.

If it’s the former, you can put aside money from the 30% daily expenses/wants category. If a watch falls in the latter category, you can choose to remove money from the 20% savings category. Buying a luxury watch that has high resale value is something to consider as well.

Related: Hidden Savings: Lesser Known Ways You Can Save Money

Make Spending Cuts

Saving money means cutting down on daily expenses. The less you spend on entertainment, the more you can save.  Instead of going out to eat or ordering in, buy groceries and cook your own meals. Swap bar hopping with BYOB house parties. This means you’ll be the owner of your dream luxury watch sooner than expected.

Related: 7 Tips For Making A Budget and Sticking To It

Shop Online For A Good Luxury Investment Watch

If you really want to know if watches are a good investment for you, start hunting online first.

Start by going to two places:

  • Online forums
  • Vintage watch-dealer blogs

These places are great to learn about the luxury watch market. Seasoned collectors can give you more personal information about the watch that you have your eyes set on. If you’re looking to buy used, these resources are a good place to make connections and/or locate your watch when the time comes. 

Are Watches A Good Investment For You? Time to Consider

It’s not impossible to save for the luxury watch of your dreams in this lifetime! Researching, planning, budgeting, and knowing exactly what you want will make the process easier. With patience and persistence, you’ll quickly be on your way to owning the luxury watch of your dreams.

Are watches a good investment for you and will you be investing in one today?

Investing Money

AUTHOR LaTia Longuemire

My name is LaTia Longuemire. I enjoy writing, singing, and cooking in my spare time. My passion is helping others. At this stage in my lifetime, I'm primarily focused on my children. They are everything that keeps my world spinning.

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