Hi r/watches!
So, I've been a watch enthusiast for a couple of years now. Started getting interested when my friend got an old vintage Omega 120 from his parents. I have now, 2 years later, acquired my taste. I also turned 18 some months ago and was gifted a part of the trustfund my dad put in a savings account when i was born, around $13000 (My parents are relatively well-off, that is a months wage to them). My 2 sisters were given the same amount and spent it on the first apartment and the others hobby, horses.
Im going into University (Sweden) this fall which means Im going to be moving into my own apartment and having my own economy. I'll be having a budget of around $1000/mo to move around with, given to me by both my parents and the government.
Would it be completely out of line for me to invest around $4000 out of the trustfund in a Rolex 16570? I know my parents arent going to approve since they dont understand the watch-thing and believes it's only materialistic, but since the watch probably wont lose alot more value and almost all Rollies are reasonably easy to resell if I would get in any financial crisis, is it really that horrible of a move? Should I instead be saving the money as a emergency fund or for future down-payments on my first apartment?
I really only want someone to make me flip the switch and get that watch. If it was my own money I had saved up, this would be a non-issue but since I it was given to me by my dad, I don't want to seem irresponsible with the money, or ungrateful.
Thanks in advance for helping me out, Im really battling myself on this issue and just want someones 2 cents.
TL;Dr: I was given $13000 by my well-off parents. Going to be moving out and attending University in fall with grants from my parents and the government of $1000. Is it stupid of me to buy one of my grails, a $4000 Rolex 16570 instead of saving the money as a emergency fund or for future down-payments when Im going to be buying my own apartment?
So, I've been a watch enthusiast for a couple of years now. Started getting interested when my friend got an old vintage Omega 120 from his parents. I have now, 2 years later, acquired my taste. I also turned 18 some months ago and was gifted a part of the trustfund my dad put in a savings account when i was born, around $13000 (My parents are relatively well-off, that is a months wage to them). My 2 sisters were given the same amount and spent it on the first apartment and the others hobby, horses.
Im going into University (Sweden) this fall which means Im going to be moving into my own apartment and having my own economy. I'll be having a budget of around $1000/mo to move around with, given to me by both my parents and the government.
Would it be completely out of line for me to invest around $4000 out of the trustfund in a Rolex 16570? I know my parents arent going to approve since they dont understand the watch-thing and believes it's only materialistic, but since the watch probably wont lose alot more value and almost all Rollies are reasonably easy to resell if I would get in any financial crisis, is it really that horrible of a move? Should I instead be saving the money as a emergency fund or for future down-payments on my first apartment?
I really only want someone to make me flip the switch and get that watch. If it was my own money I had saved up, this would be a non-issue but since I it was given to me by my dad, I don't want to seem irresponsible with the money, or ungrateful.
Thanks in advance for helping me out, Im really battling myself on this issue and just want someones 2 cents.
TL;Dr: I was given $13000 by my well-off parents. Going to be moving out and attending University in fall with grants from my parents and the government of $1000. Is it stupid of me to buy one of my grails, a $4000 Rolex 16570 instead of saving the money as a emergency fund or for future down-payments when Im going to be buying my own apartment?