Birkin Bags Are A Better Investment Than The Stock Market
You might want to start twerkin’ for that Birkin!!!
A new study by Baghunter, a website that sells luxury purses and handbags, claims that the Hermès Birkin handbag is a better investment than gold or the traditional stock market:
In this research study, we will compare three different types of investments – the S&P 500, gold, and Hermes Birkin bags. These three investments have been chosen as they represent distinct and popular forms of investments. The S&P 500 represents reflects the overall return characteristics of the stock market as a whole, gold is the most popular commodity for investors, and Hermes Birkin bags as a collectible and tangible investment. The period of 35 years has been selected for the historical data to reflect the date when Hermes Birkin bags were first produced.
Between 1980 and 2015, the S&P 500 has returned a nominal average of 11.66%, which equates to a real return average of 8.65%. However, these averages do not take into consideration the fluctuation of the markets during this period and assume the investor has chosen to neither buy nor sell for 35 years. For instance, the S&P 500 annual returns peaked during this period in 1995 at 37.20%, but also reached an average low of -36.55% in 2008.
During the same period of time, gold has offered an average annual return of 1.9% which equates to a real return average of -1.5%. Once again the averages do not take into account the fluctuation of the price of gold during this period and assumes the investor has chosen to stick rather than buy or sell during this period.
The only way to retain value of your Birkin bag is to keep it in pristine condition and not write all over it like Nene Leakes…. Bloop.