'Investments of passion,' those objects of desire that are nice to own but will also hopefully rise in value. When I'm editing The Wealth Report, Knight Frank’s annual publication examining wealth distribution, the threats and opportunities for wealth creators, prime property markets and commercial real estate investments, 'investments of passion' is the section I most enjoy.
My own advice is buy what you love and if it goes up in value so much the better, but some people do look at these things from an investment perspective. So, if that’s your thing, what should you be looking at?
Well, according to the Knight Frank Luxury Investment Index (KFLII) which tracks the value of 10 of these desirable asset classes, wine was the top performer last year.