Keeping your money in the bank is a wise idea, but some might say that investing your money in luxury items is even better.

If you have some money to spare, then it will be wise for you to invest in some items that you can sell later on. You can both enjoy it and make money from it later on. If you want to spend your money on something big, here are five luxury items that you can invest your money in.

Classic car

You always see rich people investing in countless classic cars that they seldom use. According to analysts, classic and luxury cars are still the best investments up to this day. Investing in high-end collectible cars are said to be more profitable than investing in stocks. Some of the best cars to invest in are Aston Martin, Maserati, and Ferrari. Take a ride in your classic car down the highway, or keep it clean and maintained in your garage – either way, purchasing a classic car is one of the best investments.

Watch

Watches are also good investments. However, you need to do your research to know if the price of a particular watch will increase over time. Brands such as Audemars Piguet, Patek Philippe, and Rolex are always good choices for investments. However, there are also pieces from other manufacturers that will be a good choice. One of the best watches you can get your hands on is the Gold Calibre 89 Patek Philippe, which is made of gold and features hi-tech engineering. You can get your hands on one if you have $5.1 million to spare.

Wine

Invest in a few bottles of wine, let them age, and see your money grow. Wines, particularly Bordeaux, can sell for a lot of money. Just like any other luxury item, you need to do your research when you purchase wine. Research the seller, the different types of wine that you can purchase, their values, and the potential increase in price. One of the most coveted bottles of wine is the Henri Jayer Richebourg Grand Cru, which has a price tag of more than $16,000.

Artwork

Fine artwork can be good investments, and can also be the center of attention in your living room. The rarer the artwork, the more value it has. Do your research and look for interesting artworks in galleries. You can also try your hand at collecting art pieces from famous artists, as they can increase value over time. In addition, you can get your hand on some of the most wanted artworks by bidding for them at auctions.

Boat

Just like cars, boats are increasing in price and are good investments for those who have the money to purchase them. If you learn to drive a boat, you can even show off your boat. Experts say that the benefits you get from owning a boat will outweigh the money that you paid for it. Owning a boat is not only for the rich, you have many options if you want your very own boat. If you take care of your investment, you will be reaping the rewards sooner than you think, and this does not always mean a