Sunday, May 2, 2010

Kikay investment

I don't know if it's just me, but I do not consider the purchase of high end purses and bags as investments like other women do. I mean, yes, your daughter could probably inherit them. Or you could probably sell them. But unless it becomes a rare bag or something, the value would not really appreciate much or, horrors, it may even depreciate, especially if it's no longer in mint condition. If you keep your bags in mint condition however, it defeats the purpose of buying a bag in the first place, which is to use it. No, for me, it's gonna be a "want" and something I won't be able to earn from, which means it's not an investment at all.

If I had the budget to buy a very expensive bag, I would rather buy something a lot less expensive and use the remainder of the budget to buy certified diamonds. This I would probably consider to be both a "want" and an investment. It's also something I could pass on to my daughter an an inheritance. After all, diamonds are forever.

2 comments:

roche said...

i agree with you. i don't see expensive bags as investments. i think it's just a waste of good money when you can buy a useful bag at much less cost. :)

kim said...

I totally agree with you! My current purse is on it's last leg, and it is one that I paid about $15 for. I am having trouble paying money for a new one since it still serves it's basic purpose. It just looks bad.

I refuse to pay a fortune for a bag just because of the name on it.

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A part time ophthalmologist, part time micro business owner, part time graduate student and FULL TIME MOM struggling to find balance in the confusing world of multitasking :)