I bought $LVMH-Moet Hennessy Louis Vuitton(LVMHF)$ wallet as a new year gift. I also invest inluxury brands. The best luxury brands to invest in are Dior, Hermes, Chanel, and Louis Vuitton. They normally hold their value the best and are easier to resell. Some items even go up in value if you choose the right classic piece.
Luxury brands are basically immune to price structuring and inflation. “Their margins are high, and they can put up their prices, because that is what their deep-pocketed customers already expect.” So when investing and reselling the item, you might expect the same high return.
There’s one key pointer to keep in mind when making your luxury investment, however: authenticity. Whether you are buying diamonds or handbags you will always want to make sure you are getting an authentic item. The rise of the counterfeit market (and manufactured gems) has become an issue as demand has increased for these coveted items — so always look for brand identifiers, ask for certificates of authenticity and consult an expert when needed for a second opinion.
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