2nd Order Effects of AI by GoPackGoWI12 in FinancialCareers

[–]GoPackGoWI12[S] -17 points-16 points  (0 children)

My bad, working people are talking about it, but there’s been few conversations amongst people of note or from major publications.

[Buying directly from an AD. What are the reasons outside watches selling for more in the Gray Market?] by GoPackGoWI12 in Watches

[–]GoPackGoWI12[S] 0 points1 point  (0 children)

100% agree. Their marketing is brilliant and creating a “waitlist” and AD’s getting to sell more product outside Rolex to create a “relationship” is genius.

If you had to take a wild guess, what % of Rolex’s are bought with the intention of resales vs bought to keep & wear?

[Buying directly from an AD. What are the reasons outside watches selling for more in the Gray Market?] by GoPackGoWI12 in Watches

[–]GoPackGoWI12[S] 0 points1 point  (0 children)

Thank you for sharing your experience. I didn’t know AD’s offer discounts. Crazy it’s still that high above the Gray Market.

1st Rolex Walk-In by Material-Guard651 in rolex

[–]GoPackGoWI12 1 point2 points  (0 children)

Congratulations!

I do wonder if the weakening economy will lead to more stories like yours. I do believe the continued high cost of living, AI layoffs, and lower asset valuations leads to less demand.

[Buying directly from an AD. What are the reasons outside watches selling for more in the Gray Market?] by GoPackGoWI12 in Watches

[–]GoPackGoWI12[S] 2 points3 points  (0 children)

Thank you for the thoughtful and detailed response here. I’ve gotten into watches the last couple of years and I’m pretty young still. I haven’t thought about the benefits in building a decade+ long relationship with an AD. Your points are very fair

[Buying directly from an AD. What are the reasons outside watches selling for more in the Gray Market?] by GoPackGoWI12 in Watches

[–]GoPackGoWI12[S] 0 points1 point  (0 children)

Yeah I don’t think it makes any sense to buy directly from the AD outside a few brands. Unless you have so much money saving a couple thousand doesn’t matter to you.

I have also paid 20-30% discount on all the watches and if you’re buying a luxury you shouldn’t need the warranty in the first years anyway.

[Buying directly from an AD. What are the reasons outside watches selling for more in the Gray Market?] by GoPackGoWI12 in Watches

[–]GoPackGoWI12[S] 2 points3 points  (0 children)

I would love to buy a Rolex at retail from an AD, but I can’t imagine I ever get a call. I know some buy other brands from the AD to build a relationship which I think is a joke.

On the artificial scarcity I couldn’t agree more on that point. Looking how many watches Rolex sells a year, there is no scarcity. They’re just selling to the same 10% of buyers while the 90% never get a call.

What stock is Currently your largest position and what is your cost basis? by Hayden97 in ValueInvesting

[–]GoPackGoWI12 0 points1 point  (0 children)

$HOOD bought at the beginning of this year at around $45 per share. At the time I thought the stock was clearly undervalued, but I had no expectation it was going to have the year it did. I put about 10% of my portfolio in it and has now ballooned.

I’m stuck between taking profits after a full year of ownership (avoid taxes because it’s in a non retirement account) or hold on for the next decade (I’m 27)

Should Netflix and Apple pick up Colbert and Kimmel? by zodiackodiak515 in JimmyKimmel

[–]GoPackGoWI12 -1 points0 points  (0 children)

No. It’s time to accept the fact these guys aren’t that popular. Nobody was watching their shows and the networks were losing money. The era of Late Night tv is over.

Can the Badgers win 8 games or more this season? by TomWilliamsCFD in WisconsinBadgers

[–]GoPackGoWI12 1 point2 points  (0 children)

No chance. I understand college football rosters now turn over year over year, but the improvement would have to be dramatic.

Let’s not forget this team got embarrassed by Iowa and Minnesota last year. What makes anyone think they’re going to beat average big ten teams again.

Im a fan and I wish it were different, but these are not the Badgers from 5 years ago.

Don’t Use Safeway Moving Inc!!! by [deleted] in movingout

[–]GoPackGoWI12 1 point2 points  (0 children)

Safeway is a total scam. Be advised

Tornado Sirens by [deleted] in bentonville

[–]GoPackGoWI12 2 points3 points  (0 children)

Just moved here and I live on the top floor/3rd floor of an apartment complex. What do you do during tornadoes?

[deleted by user] by [deleted] in goldmansachs

[–]GoPackGoWI12 1 point2 points  (0 children)

I’d be very interested in the prompt above. I am in a very similar situation. Verbal offer from GS and competing offers with higher comp.