Should I spend my paycheck on a Rolex?
Been working at a prop trading firm think jane street/citadel/2sigma. I was wondering if I should spend my new shiny paycheck on a Rolex now? Advice appreciated and what else to buy instead.
You are an intern right? Spend your money however you want, if you are dead set on blowing your money on a watch then I’d be happy to give recommendations if you give a price range. I would recommend not spending your intern paycheck on a Rolex.
Thinking in ballpark of 5k-10k
Tudor black bay 58 or omega seamaster if you want the same quality and simultaneously put a few K in the bank
If you insist on blowing money on this (and don’t get me wrong, I love watches, I just wouldn’t do it at this point in your career):
First thing I would recommend is getting it pre-owned as you’ll get a much better deal. Now depends if you want an “everyday” watch, something sporty, or something more dressy, by my recommendations:
1) JLC: ultra thin moon, master perpetual as two options 2) Arnold & Son CTB (pre owned, new is crazy) 3) glashutte senator moon phase or panomatic lunar 4) IWC Portugieser 7 day (or others IWC, portofino is nice too) 5) omega (seamaster or similar) 6) if you go Rolex I like GMT, Daytona is nice too, or “hulk” 7) a bit of a curveball but Jaquet Droz Les Deux Fuseaux
I’m sure I’m missing some (AP, but not my favorite, you are getting close to VC area - those are great) but a reasonable list. Obviously personal taste plays a role, so these might not be what you enjoy.
GMT Batman is amazing. Good luck finding one for under $20k though
is this the batman gmt? MSRP 9.7k?
https://www.rolex.com/watches/gmt-master-ii/m126710blnr-0002.html
Heh - that's not how Rolex works my friend. You don't get to buy it at MSRP, at least not that one.
20k for a Batman? give me a break. you can easily find them for under 20k. maybe under 15k
mkt is ~$15k bro.. give or take
yes, exactly, so my response was accurate. easily under 20, maybe under 15
I disagree. There are tons of watches you can buy between $1-5K that may (or may not) appreciate over time, while also making a statement (fashion, horology, etc.). If you are going to spend real money on a watch, you should do some research -> sometimes a starter model (like a used or new IWC pilot) can be a well-though out purchase. Also, many watch dealers will let you trade or swap watches as you get more interested and invested in certain brands over time.
You have to be careful when buying used (authenticity), but in many cases you can save a lot of money because you can avoid a mint premium (your average Hublot might be worth 60 cents on the dollar once you put it on). In the above case, you could buy a used JLC reverso for sub-$5K that will be a timeless buy.
Sounds like you are just beginning your journey into quality wristwatches which means pretty much only Rolex will work for you. Don’t worry that will change ;)
The comments about not blowing your first paycheck on a watch make sense, but I did the same when I stated out so who am I to tell you not to do it ;)
I’d recommend getting the Rolex yachtmaster 1 with blue dial, understated, actually possible to obtain at MSRP and a freaking awesome watch! Good luck sir!
yes brother do it you never know if the next corona gonna get you or not
Everyone here: "I wouldn't recommend getting a watch as an intern" .... But then follows up with a long paragraph on ridiculously expensive watches that a watch salesman probably couldnt top
Exactly my thoughts lol
Not sure why that’s an issue. If you don’t agree with how someone wants to spend their money but that’s what they want to do, you don’t help them? (Outside of clearly immoral/illegal/etc things). I don’t think an intern should spend that much money on a watch, but if that’s what they are going to do, then sure I’ll help them figure out what are interesting watches that might hold value (but are at least well made). I can do that while commenting that I think it is better to save that money as you get ready for graduation for moving costs/etc, that you’ll probably enjoy a trip more, that having a bit of spending money when you move is also nice, etc.
No add some money to your 401K. Stupid purchase.
my shop doesn't offer 401k to interns. Not sure if anyone gets a 401k for internship lol
Placeat aspernatur quo voluptatem quae fugiat aperiam iusto. Ea odio facere laboriosam animi molestiae iure. Totam quo omnis dolorum et consequatur. Sunt qui sed ab assumenda.
Iste et accusamus fugit distinctio voluptas. Enim voluptates sunt ab aut corrupti eveniet enim. Et odit dicta dolore. Ab blanditiis id assumenda. Reiciendis libero unde occaecati. At voluptatem ut provident aut libero.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Optio ipsa qui et atque tempore similique. Repudiandae et et sed atque hic dolore. Enim consequatur non quia saepe fugiat minima aut.
Quos consequuntur ipsum facere adipisci sit. Maxime sunt ut fugit dicta voluptas dolores qui. Consequatur laudantium voluptatibus debitis tenetur laboriosam. Id libero qui pariatur omnis ipsa voluptas. Omnis voluptatem voluptas asperiores consequatur voluptas recusandae voluptates. Dolore repellat voluptas facilis qui. Dolorem enim itaque fugiat debitis fuga quo fugit praesentium.
Qui dolores assumenda explicabo ut. Voluptas eum unde est et non vitae est molestiae.