My friend had always been passionate about watches, but it wasn’t until a few years ago that he decided to take his passion to the next level. He invested his entire life savings into the Rolex market and bought over 30 pieces of the course of a few years.
At first, I was a bit sceptical. It seemed like such a risky decision to put so much money into something that wasn’t a guaranteed investment. But my friend was determined and he did his research. He knew that certain Rolex models were becoming increasingly rare and that the demand was only going to increase.
It wasn’t long before his gamble paid off. Rolex began to become increasingly difficult to purchase from retailers, as the demand for their watches far outweighed the supply. It seemed as though my friend’s investment was about to pay off big time.
Sure enough, my friend ended up making a 66% return on each of the pieces he purchased. It was incredible. He was able to sell the watches for a much higher price than he paid for them, as the demand for Rolex had begun to skyrocket.
The importance of timing.
My friend’s investment gave me a newfound appreciation for the power of investing. I had always thought that investing was something that only the wealthy could do, but my friend proved me wrong. With a bit of knowledge and a lot of research, anyone can make a smart investment.
He was able to capitalize on a moment when Rolex was out of stock and could not be easily gotten from retailers. If he had made his investment a few years earlier or a few years later, he would not have seen the same return.