Hello, Jeff Breault here. Today, we’re going to talk about luxury. Now, we all have that one friend or family member who likes to buy brand name luxury goods, jewelry, or even properties like yachts and mansions. These items were purchased with the hopes that they will be more valuable in the future. It has gotten so common that one of the things I commonly hear from my clients is this: "Jeff Breault, are luxury items good investments?” Unfortunately, the answer to this is that it depends. Some items increase their worth through the years, but other luxury goods are only expensive once. If your purchase becomes cheaper over time, then you would have brought it for nothing. Here are some things that do keep their value. • A luxury watch – Luxury timepieces typically accrue value over time. An investment watch is common among the luxury-loving investors who know that they high-value watches which may set you back tens of thousands of dollars, but would retain value over tim...
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