Our aim this week is to demonstrate that the purchase of certain luxury handbags are indeed alternative investments since their value appreciates over time.
Before we begin...
Understanding the Psychology behind collecting luxury items of interest...
Spending money on items such as cars, art, musical instruments, technology seems like an entirely normal decision. Somewhat unfairly, when spending or investing money on a luxury handbag the invariable question most people ask is: WHY HANDBAGS????
Why would anyone spend 10x on a handbag when there are many other cheaper options to choose from?
There are certain characteristics that need to be fulfilled in order for a handbag to qualify as an investment piece.
A traditional investment is typically characterised as the investment objects that collectively build a portfolio. Common examples are shares, bonds, property and cash.
Common examples of alternative investments