Could you make money investing in luxury handbags?

<p><strong>Each week BusinessDesk and the NZ Herald’s Cooking the Books podcast tackles a different money problem. Today, it’s how alternative investments like art, wine, and handbags, actually work. Hosted by Frances Cook.</strong></p> <p>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.</p> <p>But it is also true that the investing world has some interesting pockets where you get a glimpse into how the other half lives.</p> <p>So it is with certain luxury investments, where people invest in art, watches, wine, or even handbags. </p> <p>Can you actually make money on these? The answer is yes… sometimes </p> <p>The Financial Times even crunched the numbers once to find a 38% return on some Birkin bags. </p> <p>That’s certainly a lot higher than the 10% you can expect from shares. </p> <p>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.</p> <p>It’s not every Birkin that will make you a lot of money. </p> <p>You also need to treat these investments differently once you’ve got them. </p> <p>For the latest podcast I talked to Cat Emerson from Kernel.</p> <p>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.</p> <p>I'm on <a href="https://www.facebook.com/FrancesCookNZ/">Facebook here</a>, <a href="https://www.instagram.com/francescooknz/">Instagram her</a>e, and <a href="https://twitter.com/FrancesCook">Twitter here</a>.</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>