Almost one in ten (9%) adults are. These so-called magpie investors buy luxury items hoping for an increase in value and an attractive return, according to new research*. The assets invested in include jewellery, watches, collectibles, classic cars, art, wine, whisky, and accessories such as clothes and handbags. Magpie investors favour jewellery most, with almost half (46%) saying they’ve invested in jewellery in the hope it will increase in value. On average, magpie investors have invested over £40,000 each in luxury items. Wise investors insure their valuable items. It is not so easy to find banks that still have safety deposit boxes, although there are other companies that do this. It might be worth considering a home safe to store your items and ensuring you have adequate home security. You need to be aware of the tax rules concerning personal posessions. You can find HMRC guidance here.

* Investec, 2024

FMB does not advise on this kind of investment