In this troubled investment climate, it can be unclear where to put your money to keep in safe and hopefully get a good return.
So, what should it be? Bonds? Gold? Berkshire Hathaway?
Or maybe a purse.
Quartz reports today that the average annual return rate for the exclusive Hermes Birkin bag has beaten the S&P 500 and the price of gold over the last 35 years.
That’s a legit data set. The bag costs $60,000 new, they’ve sold for $200,00 at auction.
That’s an average annual return of 14.2 percent.
Unfortunately, if you’re trying to keep your Birkin bag pristine enough to auction, you probably can’t be seen with it.
Listen to Molly’s additional note about the Oscars in the audio player above.
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