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Beauty and Fashion
Reply to "Do you think it’s worth it to spend on “if you know you know” handbags over $1-2k?"
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[quote=Anonymous][quote=Anonymous]My SIL is constantly getting new designer bags and she always talks about how they are an investment. Is that true even if you use them? She wears hers all the time but then talks about how she could sell them for more than she paid. Is that really true? (I’m not looking to become a purse reseller or anything, just curious).[/quote] For some self bags, technically yes. I bought a Vintage Chanel CF in 2014 for $3k. That bag brand new today is $9k in the boutique. But no one is going to pay me that much for a vintage bag that has admittedly minor wear and tear. Could I sell it for more than what I paid? Probably yes. That’s where the “investment” argument comes from. But no one with any financial literacy would put true investments in handbags. That’s what Vanguard is for. [/quote]
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