The wealthy have a portfolio of investment that goes beyond property.
It’s no secret that property prices in Malta are rising fast, and while it’s often hailed as a good investment, property will rarely return the same percentage of profit a Birkin bag can. Yes… Really!
So, what else can you invest in? Here’s my top pick:
Birkins: Growing up, Jane Birkin was a style-icon we all wanted to emulate in the way we dressed and conducted ourselves. In January 2016, a study by Baghunter revealed that her namesake bag, the Hermès Birkin bag, was a better investment than gold. In fact, the study concluded that the annual return on a Birkin bag is of 14.2%, which is an astronomical sum when considering the bag costs anywhere between €53,000 and €180,000…
Jewellery: Well, buying a ring from your jewellers will probably not return a big investment, but there are precautions you can take. Diamonds and art deco pieces are constantly in demand, meaning that their price is not likely to plummet. The same goes for pieces owned by famous people. However, the Taylor-Burton Diamond which was cut by Harry Winston was estimated to cost around €16,880,000, so some of these may be a bit out of the average person’s reach.
Classic Cars: Like almost every other thing in the world, the minute you buy a car, its value drops. Yet there are certain cars that actually increase in value year-in, year-out. The secret here is to do your research properly. Go beyond the local market, and find cars in need of some TLC. You can then restore the car, sell it for a profit, and buy a better one.
Owning a Business: It’s no secret that some of the world’s wealthiest people dropped out of high school. Working for money will rarely bring you wealth, but there’s literally no end to how much money you can make from your own business. So, if you have a great idea, invest time and energy into it. Who knows, it may turn out to be the next Microsoft!
Art: The art market is by no means an easy one to crack. After all, many of Picasso’s contemporaries didn’t make it big, and I’m pretty sure no one in the 15th century assumed that in 500 years’ time, the Mona Lisa would be worth €696,620,000. The trick here is to buy pieces you genuinely love and not to get caught up in the hype — a Damien Hirst piece, for example, was worth more ten years ago than it is now.
Would you consider investing in any of these things?
Let us know in the comments section below.