You might think that owning a fancy watch or expensive clothing is the best way to add a little luxury to your life. I'd argue that purchases like that aren't worth it, though. Fashion trends change quickly, and at the end of the day, all watches tell the same time.

Instead, you might want to consider investing in luxury brands as opposed to wearing them. One of the best examples I can think of in the luxury space is LVMH Moët Hennessy (OTC: LVMUY). Shares have an all-time total return of over 1,300%, but are actually down about 18% over the last six months.

The best part? I think now looks like a great opportunity to take advantage of the depressed price action and scoop up shares.

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Source Fool.com