….what I should invest in, at least according to the Toronto Star, is designer handbags.
They’re ugly, but who cares? It’s so simple. You don’t even have to worry about diversification. You could be like Jacqueline Szeto-Meiers,
an investment banker by day and owner of the website goneshopping.ca by night. She owns 38 bags by Louis Vuitton — possibly the most iconic label ever — and will have them till the day she dies. Then, her daughter Rachel, who’s now a toddler, will inherit them.
Shoot, if investment bankers are into handbags, surely it’s the right path for us all.
There’s even the possibility of excitement: you could even be a sort of handbag day-trader, risking it all on something new!
There are exceptions to the brand rule, notes Szeto-Meiers. Fondling a metallic bag by the New York-based designer Rafe, she notes that she’d never heard of him, but that doesn’t mean his bag is a bad investment.
“It’s like buying a penny stock. You can have the ability to identify something that’s up and coming.”
Bizarre. Who are these people? And how on earth does one manage to keep 38 stupidly expensive handbags out of reach of a toddler? “No, darling! Don’t empty your milk in mummy’s bag, it’s your inheritance!
(MUBAR covers the creepy aspirational lifestyle issue)
I actually know this woman. She’s not an investment banker though she does work for a bank (reporter didn’t really understand her title and so gave her a new one), and I did ridicule her for owning so many bags. She’s an HK-born and bred shopper and bought her Vuitton bag at 12 or something. She’s not really keeping them as an inheritance for her daughter and she’s actually a nice, friendly person with a decent sense of humour… which this article, unfortunately, does not convey. She has a tendency to talk A LOT when speaking to the media, which means that there is always a lot of material to work with (she’s the president of an organization I do media relations for), and usually some of it is ridiculous. For what it’s worth!
Well, I’m glad she’s more human than plastic. But still: 38 designer handbags?!?