Episode Details

Think designer bags are just for the high-fashion crowd? Think again! In this episode of In the Money with Amber Kanwar, Maggie Adhami-Boynton, Founder & CEO of ShopThing, spills the secrets on how luxury bags from brands like Hermes, Chanel, and Louis Vuitton can be lucrative investments. She shares the hottest trends, answers your questions, and reveals 3 must-have bags that’ll have you looking stylish and making money later.

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Timestamps 

For detailed show notes, navigate using the timestamps below:

00:00: Show open
01:45: What is ShopThing and why did Maggie start the company?
5:00: ShopThing’s growth trajectory
7:30: Maggie’s advice to founders
9:00: Are there concerns about the luxury consumer?
9:50: Are handbags really a good investment? Do they go up in value?
12:40: ITM Mailbag: Is a Lady Dior bag a good investment? Will it hold its value?
14:30: Which Fendi Peekaboo would Maggie recommend?
15:30: Is Louis Vuitton making a comeback?
17:00: Have purse manufacturing standards changed amid consolidation in the industry?
18:30: Can more affordable luxury brands be investable? 
22:00: Is it better to buy Chanel new or preloved?
24:15: Pro Picks: 3 Designer Bags Worth the Investment  

Sponsors
This episode is sponsored by BMO InvestorLine. Investing can be intimidating, but it doesn’t have to be. With BMO InvestorLine, you have the tools and resources you need to make informed decisions and build a successful portfolio. Their easy-to-use platform, packed with research, tools, and commission-free trading on over 100 popular ETFs, can help you take control of your financial future.
Learn more at: bmo.com/onlineinvesting?ecid=pr-2886232INV1-JNBMO16

For over 25 years, Raymond James has been helping Canadians achieve their financial goals. They are Canada's largest independent financial services firm with over 520 dedicated advisors, $88 billion in assets under management, and capital markets services. With no proprietary product to push, their advisors are free to focus on the unique needs of their clients. Whether you are saving for your children’s education, preparing for retirement, or safeguarding wealth for future generations, Raymond James is committed to guiding you every step of the way. Visit raymondjames.ca today to discover how you can live a life well planned.

Pro Picks is brought to you by ATB Financial. With $62 billion in assets, ATB Financial is powering possibilities for more than 820,000 financial services clients in Alberta and beyond. ATB's Capital Markets arm is a full-service investment dealer that offers investment and corporate banking, sales and trading, institutional research, and risk management. Visit ATB.com/inthemoney for more information

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