A Rolex for my mother?
Discussion
Had a chat with my mum yesterday about her finances. We've been going through the hassle of my aunt's financial affairs over the past 2 years, as she moved from her sheltered housing bungalow into a care home, and it has been a bit of an eye-opener as her savings dwindled.
Mum doesn't want to be in the same position when the time comes. She's 81, owns an apartment in a retirement complex, and has about £25k in savings. obviously the apartment would have to be sold to pay for care home fees if it comes to that, but she wants to protect her savings.
Her pension income is more than sufficient to pay all her bills, and a holiday whenever she wants one. I suggested that she ring-fences part of her savings to cover emergencies, like new household appliances etc., and just spend the rest on some luxuries. She doesn't like "wasting money", so I suggested treating herself to things that she can use or look at, but that won't depreciate.
She has more jewellery than she can wear already, and isn't into art or antiques. A Rolex seemed ideal, as she has never owned a decent watch.
What Rolex would be suitable for a lady of 81? Relatively fancy, bi-metal, not too small (which rules out the "Princess" models), not too big, and a reasonable investment if bought secondhand from a dealer? Datejust with fluted bezel?
She's currently wearing a Skagen small gents watch, which is about 36mm diameter. Any smaller and she'd struggle to read it.
Mum doesn't want to be in the same position when the time comes. She's 81, owns an apartment in a retirement complex, and has about £25k in savings. obviously the apartment would have to be sold to pay for care home fees if it comes to that, but she wants to protect her savings.
Her pension income is more than sufficient to pay all her bills, and a holiday whenever she wants one. I suggested that she ring-fences part of her savings to cover emergencies, like new household appliances etc., and just spend the rest on some luxuries. She doesn't like "wasting money", so I suggested treating herself to things that she can use or look at, but that won't depreciate.
She has more jewellery than she can wear already, and isn't into art or antiques. A Rolex seemed ideal, as she has never owned a decent watch.
What Rolex would be suitable for a lady of 81? Relatively fancy, bi-metal, not too small (which rules out the "Princess" models), not too big, and a reasonable investment if bought secondhand from a dealer? Datejust with fluted bezel?
She's currently wearing a Skagen small gents watch, which is about 36mm diameter. Any smaller and she'd struggle to read it.
I bought my mother a Rolex Lady Datejust 31mm for her 50th a few years ago. Shes worn it every day since, still in great condition and it takes a desk beating! She's never had an expensive watch before as well, but does look after it!
(of course they do various alternatives, fluted bezel, jubilee bracelet , bi-metal, 36mm versions)
(of course they do various alternatives, fluted bezel, jubilee bracelet , bi-metal, 36mm versions)
Edited by Rich_AR on Tuesday 29th January 12:30
greygoose said:
I would wonder about the possibility of it disappearing if she is in a care home, unless she has a safe in her room to keep it in.
She's living in her own apartment in a retirement complex now, but may have to move in the future.I did suggest that she could dish out inheritances now, but there are 5 of us kids and 12 grandkids. Having spoken to my sisters about similar matters when dad died, we all agreed that we'd rather she spent the money on herself while she can still enjoy it.
Gassing Station | Watches | Top of Page | What's New | My Stuff