Alternative Investment Idea: Watches. Tag Heuer, Rolex or Microsoft Smart Watches?
Every now and again I like to talk about alternative investment ideas. Every thing we purchase is an investment. From our house to our car to more luxurious and symbolic items such as watches and wedding rings. Even the food we eat is an investment into our health and in some cases, the people we date are an investment, just ask Anna Nicole. Well today, I wanted to talk about watches. The Professional Golf Watch from Tag Heuer designed by Tiger Woods is my current favorite. It retails for a cool $1,000.
The first watch for golf professionals, developed and worn by Tiger Woods. It has been specially designed to meet golfers special requirements. Its high-tech materials and carefully studied ergonomic design means that the TAG Heuer professional golf watch will never bother a golfer during the swing - Tag Heuer
This of course is the biggest problem that I have when golfing and thus never even bring a watch to the golf course. A great watch that does the job but a far cry from the quarter-million dollar men’s Rolex Day-Date “Masterpiece” Watch with platinum, baguette diamond bezel and bracelet watch posted below.
This is the most expensive watch in the world with an estimated retail value of $220,200.00. This special edition watch includes a platinum case (39mm diameter), factory platinum Oyster bracelet set with one row of baguette shaped diamonds, factory diamond bezel set with 42 baguette shaped diamonds, special edition factory meteorite diamond dial set with 2 pear shaped diamonds, double quickset day/date feature, twin lock winding crown, scratch-resistant sapphire crystal, self-winding oyster perpetual mechanism, 31 jewel self-winding chronometer movement, water-resistant to 100 meters.
Many would agree that designer watches like the ones mentioned here will hold their value much better then diamonds or other precious gemstones. A good friend of mine recently did just that. He traded in some of his old jewelry to purchase the Tag Heuer Link Quartz watch that retails for $2,295.00. The watch looks very sharp and does a good job at keeping track of time - but some of the more modern (smart) watches out there can do much more then simply keep track of time - they can keep track of everything important to you in your life!
Smart watches give you access not only to the time (based on an atomic clock) but also weather, news, stocks, sports, lottery, horoscopes, calendar, messages and many other daily diversions. Consider them a PDA that fits comfortably on your wrist. I first learned about these watches when I attended the Consumer Electronics Show (CES) held in Las Vegas in 2003.
So which watch is right for you? There are so many more out there that I haven’t even touched the surface of this market. For many watch enthusiasts and collectors, this commodity is great alternative source for investing. For others, any watch over $20 is considered too much, let alone a watch that goes for a quarter million. For me, the Tag Golf Professional by Woods provides the perfect combination of class and functionality. So again I ask, which watch is right for you?