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Update on Watch Flipping

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I’ve cleared about $250 in profit after expenses. The margins aren’t crazy but it doesn’t take much time to take a few photos and make a listing. All of the profits have gone back into my portfolio so I think I’ve been selling for maybe 45 days and bought .40 of a share of VOO with it?

I’m not sure how I can scale it. It’s really hard to find a watch with enough meat on the bone to flip it. Without a watch maker it’s difficult to buy higher end watches without taking a bigger risk. I just stick to Citizen and Seiko, but these watches lose value immediately and even when basically new I can expect to get maybe 60% of the retail price. When beat up, they may fetch far less than half.

So for now it is what it is. If I see a deal, I’ll pick it up, list it, and occasionally hang on to one for a little while before it sells if I want to wear it a little bit.

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