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Each week, BusinessDesk and the NZ Herald’s Cooking the Books podcast tackle a different money problem. Today, it’s how alternative investments like art, wine, and handbags, actually work. Hosted by Frances Cook.
I’m a big believer that the world of investing is open to everyone these days, and you can start growing your wealth if you have just $5 spare.
But it is also true that the investing world has some interesting pockets where you get a glimpse into how the other half lives.
So it is with certain luxury investments, where people invest in art, watches, wine, or even handbags.
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Can you actually make money on these? The answer is yes… sometimes.
The Financial Times even crunched the numbers once to find a 38 per cent return on some Birkin bags.
That’s certainly a lot higher than the 10 per cent you can expect from shares.
But when you get into this area, it’s a little bit art, a little bit science, and a little bit hobby, because you have to know your stuff.
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It’s not every Birkin that will make you a lot of money.
You also need to treat these investments differently once you’ve got them.
For the latest podcast, I talked to Cat Emerson from Kernel.
For the interview, listen to the podcast here.
• If you have a question about this podcast, or a question you’d like answered in the next one, come and talk to me about it. I’m on Facebook here, Instagram here, and Twitter here.
• Listen to the full interview on the Cooking the Books podcast. You can subscribe on iHeartRadio, Apple Podcasts, or Spotify.