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Featured Advisor



Srbo Radisavljevic
Managing Principal/Investment Advisor

Edge Portfolio Management

City:Northbrook

State: IL



BIOGRAPHY:
At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, following Chicago sports, enjoying ethnic cooking, and serving as a school board member for Norridge School District 80.

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Heather's Couture Corner - Investment or Insanity?

| BY Heather Kiely

When purchasing a expensive handbag, you need to keep in mind if it is a investment bag, or a fun trend that will pass..... Several years ago $1500 would get you an amazing bag, and $500-$800 would get you a spectacular bag as well. The price tag of $2500 plus was few and far between. However, since the economy is supposedly booming again, so is the price of couture goods. This brings me to a discussion that I have been dying to address.... What bags are considered investments, and which bags are a pass?

 

Pictured below we have the ever famous Chanel Jumbo Flap. The Chanel Jumbo Flap was once an attainable staple most women acquired at some point. In the year 2006 The Chanel Jumbo Flap was $1795. Today that same bag cost $5500, and the smaller version is $4700. Some would say insanity, though others feel it is an investment because Chanel is going to raise their prices again soon. Each price increase is in increments of 500.



I purchased the Chanel French Riviera Flap for $2700 in 2012 and today it is $3400. I want to know when enough is enough? Will people keep buying? Does the large price tag make the items more desirable? These are all questions you have to ask and answer yourself. In the case of Chanel I believe investment. On top of that it has great turn around value if you wish to sell down the road.


Hermes and Louis Vuitton are other brands that you can not go wrong investing in, but do other brands have that same staying power? Prada and Fendi recently had a huge price increases on their bags, raising them on average $500. Gucci though has definitely stayed affordable and delivers several gorgeous bags (leather) under $1700. Below, I have pictured bags that I feel are true investments you will feel confident buying!!








Looking to build confidence in your portfolio? Check out our "Best Advisors" listings at MillionaireCorner.com. I'm Heather Kiely reminding you to keep your investments where you can see them; in your closet, of course!!!



 

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