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Women's Designer Bags

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      Women's Designer Bags - Authentic Luxury Handbags at Outlet Prices

      Discover our curated collection of authentic women's designer bags from the world's most prestigious luxury fashion houses. From iconic Gucci handbags and Bottega Veneta leather totes to elegant Prada crossbody styles and Saint Laurent shoulder bags, each piece represents genuine Italian craftsmanship now available at outlet pricing that makes luxury handbags finally attainable.

      A designer bag is more than just an accessory – it's an investment piece that elevates every outfit, serves as your daily companion for years or decades, and communicates your appreciation for quality, craftsmanship, and timeless style. The right women's designer bag combines beauty with functionality, working across professional environments, social occasions, travel adventures, and everyday life while developing character and patina that make it uniquely yours.

      Our women's designer bags collection features the most iconic and sought-after styles from luxury brands you've always admired, now at prices 30-50% below standard retail. Every bag is 100% authentic, sourced directly from authorized brand outlets in Italy, luxury department stores clearing seasonal inventory, or authorized European retailers. These aren't knockoffs or questionable merchandise – they're genuine designer handbags that would cost significantly more at full retail.


      Why Choose Women's Designer Bags?

      Investment Quality
      Designer bags can last 15-25+ years with proper care, making them genuine investments rather than disposable fashion purchases.

      Timeless Design
      Classic silhouettes and iconic styles from heritage brands remain relevant across decades, transcending temporary trends and seasonal fashion moments.

      Superior Craftsmanship
      Italian leather, expert construction, and meticulous finishing distinguish designer bags from mass-market alternatives that fall apart within months.

      Versatile Functionality
      Quality designer bags work across multiple contexts from professional meetings to weekend brunches to international travel, maximizing cost-per-use value.

      Resale Value
      Authentic designer handbags retain 50-70% of purchase price in luxury secondary markets, providing partial investment protection when circumstances change.

      Daily Luxury
      Using something beautiful that you love genuinely enhances quality of life, making even mundane errands feel more special and intentional.


      Shop Women's Designer Bags by Style:

      Tote Bags
      Spacious designs perfect for work, travel, and everyday carry. Structured and unstructured options from Bottega Veneta, Gucci, Prada, and more.

      Shoulder Bags
      Classic versatility with comfortable shoulder carry. Medium to large sizes are ideal for daily essentials with elegant proportions.

      Crossbody Bags
      Hands-free convenience in compact to medium sizes. Perfect for travel, city exploration, and active lifestyles requiring mobility.

      Top Handle Bags
      Sophisticated elegance with structured silhouettes. Ladylike charm is perfect for professional environments and formal occasions.

      Clutches & Evening Bags
      Elegant options for special occasions, events, and evening wear. From understated sophistication to statement glamour.

      Hobo Bags
      Relaxed, slouchy silhouettes offering casual elegance. Comfortable daily carry with effortless style and surprising capacity.

      Bucket Bags
      Contemporary shapes with drawstring closures. Fashion-forward designs combining style with practical functionality.

      Satchels
      Structured designs with professional appeal. Work-appropriate styles offering organization and polished aesthetics.


      Featured Designer Brands:

      Gucci Handbags
      Iconic GG canvas, signature Web stripe, Marmont matelassé leather, Ophidia vintage designs, and Jackie hobo bags representing Italian luxury heritage.

      Bottega Veneta Bags
      Legendary intrecciato woven leather, Arco totes, Pouch clutches, and Cabat bags showcasing quiet luxury and artisan craftsmanship.

      Prada Handbags
      Saffiano leather goods, tessuto nylon bags, Galleria totes, and minimalist designs from this Milanese luxury powerhouse.

      Saint Laurent Bags
      YSL monogram pieces, envelope bags, Sac de Jour totes, and edgy sophistication with rock-and-roll glamour.

      Balenciaga Handbags
      City bags, contemporary designs, avant-garde aesthetics, and fashion-forward pieces for trend-conscious luxury lovers.

      Other Luxury Brands
      Fendi, Givenchy, Celine, Burberry, Valentino, and additional prestigious houses offering authentic designer handbags at outlet prices.


      Women's Designer Bags by Size:

      Small Bags (Under 10")
      Compact crossbody styles, mini bags, and evening clutches for essentials-only carry or adding to larger bag collections.

      Medium Bags (10-14")
      The sweet spot for most women is accommodating daily necessities, including wallets, phones, cosmetics, and small items, while remaining manageable.

      Large Bags (14"+)
      Spacious totes and shoulder bags for work, travel, or those who prefer carrying comprehensive essentials, including laptops and documents.


      Understanding Designer Bag Materials:

      Italian Calfskin Leather
      Premium full-grain leather provides buttery softness, natural breathability, and a beautiful patina over the years of use.

      Saffiano Leather
      Prada's signature crosshatch texture offers scratch resistance and structured elegance. Durable and low-maintenance while maintaining luxury aesthetics.

      Nappa Leather
      Exceptionally soft, supple leather creates those irresistibly touchable bags. Requires slightly more care but offers an unmatched level of luxury.

      Intrecciato Woven Leather
      Bottega Veneta's hand-woven technique requires hours of artisan work. Creates distinctive texture with flexibility and durability.

      Canvas & Coated Materials
      GG Supreme canvas, monogram patterns, and coated fabrics offer durability and weather resistance while displaying iconic brand signatures.

      Exotic Leathers
      Python, crocodile, and other exotic skins appear in special collections, offering ultimate luxury with distinctive patterns and textures.

      Designer Bag Hardware & Details:

      Quality Zippers
      YKK or luxury brand-specific hardware operates smoothly through thousands of uses without catching, breaking, or losing its finish.

      Signature Hardware
      Double-G buckles, YSL monograms, horsebit details, and turn-lock closures create brand recognition and functional beauty.

      Chain Straps
      Metal or leather-woven chains provide elegant shoulder carry options, adjustable lengths, and versatile styling.

      Adjustable Straps
      Customizable lengths accommodating different body types and carrying preferences from shoulder to crossbody wear.

      Interior Organization
      Zip pockets, slip compartments, key clips, and thoughtful layouts keep contents organized and easily accessible.

      Protective Feet
      Metal studs or reinforced bases protect bag bottoms from wear when placed on surfaces, significantly extending their lifespan.


      Color Options in Women's Designer Bags:

      Classic Black
      Timeless versatility works everywhere from boardrooms to cocktail parties. Never inappropriate and complements every outfit.

      Rich Browns
      From cognac to chocolate, brown leather provides warmth and develops stunning patina. Versatile neutral working across seasons.

      Sophisticated Neutrals
      Beige, taupe, gray, and cream offer modern alternatives to black with equal versatility and contemporary elegance.

      Bold Statement Colors
      Red, blue, green, and jewel tones create impact and express personality while remaining sophisticated through quality materials.

      Metallic Finishes
      Gold, silver, and rose gold add glamorous touches that are perfect for evening wear while remaining surprisingly versatile for daytime elegance.

      Seasonal Shades
      Unique colors from limited collections offer personality and collectibility for those building comprehensive designer bag wardrobes.


      Styling Women's Designer Bags:

      Professional Elegance
      Structured totes and satchels in neutral colors bring refined sophistication to business environments, projecting competence and attention to quality.

      Casual Chic
      Pair designer crossbody bags or hobo styles with jeans and simple tops for elevated weekend wear where luxury feels effortless.

      Evening Glamour
      Clutches, small shoulder bags, or embellished designs complement cocktail attire and formal events with a sophisticated touch of luxury.

      Travel Companion
      Crossbody bags and practical totes maintain security and style during city exploration, flights, and vacation adventures.

      Date Night Sophistication
      Medium shoulder bags or elegant top handles strike a perfect balance between practical and polished for dinners and social occasions.

      Everyday Luxury
      Classic designer bags in versatile sizes and colors become daily companions, elevating routine activities with beautiful craftsmanship.


      Investment Considerations:

      Cost Per Wear Analysis
      A $1,500 designer bag used 200 times annually for 15 years = 3,000 uses = $0.50 per wear for genuine luxury and daily confidence.

      Longevity Value
      Designer bags lasting 15-25+ years versus cheap alternatives that require annual replacement ultimately cost less while providing a superior experience.

      Resale Protection
      Authentic designer handbags from prestigious brands retain 50-70% of purchase price in luxury resale markets when well-maintained.

      Timeless Relevance
      Classic designer silhouettes remain stylistically current indefinitely. The Gucci Jackie or Bottega Veneta Arco won't look dated in 20 years.

      Quality Experience
      Premium materials, expert construction, and beautiful design make using designer bags genuinely more pleasurable than cheaper alternatives.

      Social Currency
      Designer bags communicate taste, success, and appreciation for quality, carrying social signaling value in professional and social contexts.


      Care Instructions for Designer Bags:

      Daily Maintenance
      Empty bags regularly prevent unnecessary strain. Wipe exteriors gently with soft, dry cloths, removing surface dirt before it sets.

      Leather Care
      Clean with appropriate leather cleaners every few weeks. Condition quarterly, to maintain supplies, and prevent drying.

      Canvas & Coated Materials
      Spot clean with slightly damp cloths and mild soap. Avoid saturating materials. Air-dry naturally, away from direct heat.

      Storage
      Please keep them in the provided dust bags when not in use. Stuff with tissue paper, maintaining shape. Store in cool, dry places away from sunlight.

      Protect Investment
      Avoid placing bags on dirty surfaces. Use protective feet if available. Handle with clean hands to prevent oil transfer.

      Professional Services
      For significant repairs or deep cleaning, use services specializing in luxury goods rather than general leather repair shops.


      Why Outlet Pricing on Designer Bags?

      Women's designer bags at outlet prices are not inferior quality or defective items. These are authentic pieces from:

      • Authorized Brand Outlets: Official outlet stores in Italy and Europe, managing seasonal inventory
      • Seasonal Transitions: Previous collections as brands introduce new designs twice yearly
      • Luxury Retailer Clearances: Department stores are clearing inventory for incoming collections
      • Overstock Management: Limited quantities of specific styles, colors, or sizes
      • Italian Sourcing: Direct European connections providing access before US availability

      You're getting identical designer bags sold at full price in boutiques – same materials, same craftsmanship, same quality – just at 30-50% savings through strategic sourcing.


      Building Your Designer Bag Collection:

      Start with Versatility
      Begin with one quality bag in a neutral color (black, brown, or navy), working across occasions before adding statement pieces or seasonal colors.

      Consider Lifestyle Needs
      Choose sizes and styles matching your actual daily carry needs rather than aspirational purchases that don't fit your reality.

      Balance Classic & Contemporary
      Combine timeless heritage designs with current silhouettes to create collections that feel both grounded and fashion-forward.

      Invest Strategically
      Prioritize proven styles with substantial resale value and enduring appeal over very trendy pieces that may date quickly.

      Quality Over Quantity
      Three exceptional designer bags that serve you for decades provide better value than twenty cheap bags that require constant replacement.

      Personal Expression
      Choose bags you genuinely love that reflect your aesthetic, rather than buying just for brand names or social approval.


      Perfect For:

      • Professionals seeking sophisticated bags to elevate workplace presence
      • Fashion enthusiasts building curated luxury wardrobes
      • Gift recipients celebrating milestones, achievements, or special occasions
      • First-time luxury buyers investing in quality over disposable fashion
      • Experienced collectors adding iconic pieces at accessible prices
      • Travelers wanting elegant, durable bags for journeys worldwide
      • Minimalists prioritize fewer, better possessions that last for decades
      • Anyone appreciating Italian craftsmanship and timeless design

      100% Authenticity Guaranteed

      Every woman's designer bag at Ask Me Wear is guaranteed 100% authentic. We source our luxury handbags directly from authorized brand outlets in Italy, luxury department stores, and authorized retailers, ensuring you receive only genuine pieces from the world's most prestigious brands.

      Our Authentication Promise

      Each designer bag undergoes rigorous multi-step verification:

      Material Inspection – Premium leather, canvas, and hardware verified against brand standards
      Serial Number Verification – Authentic codes and production stamps confirmed
      Expert Authentication – Specialists trained in luxury handbag authentication
      Authorized Sourcing – Direct connections to brand outlets and authorized retailers
      Original Packaging – Includes authentic dust bags, care cards, and documentation

      Shop with confidence. Authentic designer bags, guaranteed—always.

      Browse Authentic Women's Designer Bags - Italian Luxury at Outlet Prices

      Discover iconic handbags from Gucci, Prada, Bottega Veneta & more. Premium leather, timeless design, 30-50% off retail.

      Authentic Women's Designer Bags at Exceptional Outlet Prices

      For everyday use, medium-sized designer bags measuring approximately 11-14" wide offer the ideal balance of capacity and manageability for most women's daily needs, though your perfect size depends on what you genuinely carry and your body proportions. Medium bags comfortably accommodate essential items including a full-sized wallet, smartphone (even larger Plus or Max models), keys with keychain, cosmetics pouch with makeup essentials, sunglasses in a case, small water bottle or travel umbrella, hand sanitizer and tissues, and small personal items – basically everything you realistically need for work, errands, or social activities without creating excessive bulk or weight. This size works beautifully as your primary daily bag, transitioning seamlessly from professional environments to casual weekends to dinner dates. If you regularly carry laptops or extensive work materials, consider larger totes (14-16"+) with padded compartments specifically designed for technology and documents. These work-focused bags provide professional organization while accommodating comprehensive daily needs. For lighter carry days when you truly need only essentials (phone, cards, keys, lipstick), small crossbody bags (8-10") offer compact elegance and hands-free convenience perfect for travel, shopping, or casual outings. Many women find that owning 2-3 bags in different sizes provides maximum flexibility: one medium everyday bag handling most situations, one larger tote for work or travel, and one small crossbody for minimal-carry occasions. When selecting size, consider your body proportions too – petite frames often look more balanced with small to medium bags, while taller or broader builds can carry larger formats proportionally. The key is being honest about what you actually carry daily rather than buying oversized bags "just in case" or tiny bags that can't accommodate real necessities. Measure or weigh your current bag's contents to understand your genuine needs, then choose designer bags matching that reality. Remember that quality designer bags maintain structure even when not completely full, so you don't need to stuff them constantly – they look elegant whether carrying comprehensive essentials or traveling light.
      Designer bags absolutely justify their investment through superior materials, craftsmanship, longevity, and overall experience that affordable alternatives cannot match, though whether they're "worth it" depends on your financial situation, values, and how you define value. The quality differences are substantial and immediately apparent. Material superiority starts with leather: designer bags use premium Italian hides from top tanneries, providing buttery softness, natural breathability, and beautiful aging with patina development over decades. Affordable bags use corrected-grain leather (defective hides sanded and coated), bonded leather (leather scraps glued together), or synthetic materials that crack, peel, or deteriorate within months. The feel is dramatically different – genuine full-grain leather versus essentially plastic-coated cardboard. Construction quality matters enormously: designer bags feature hand-stitching or high-quality machine stitching with durable thread, reinforced stress points at handles and closures, quality adhesives and construction methods that prevent separation, substantial hardware that operates smoothly and won't break, and cushioned bases and linings that protect contents. Affordable bags use minimal stitching, cheap adhesives that fail quickly, hardware that breaks or tarnishes within weeks, and construction so poor that handles separate or zippers fail within months of use. The craftsmanship in designer bags – particularly hand-woven intrecciato or hand-finished edges – is entirely impossible to replicate at low price points. From a longevity perspective, designer bags last 15-25+ years with proper care, whereas cheap alternatives require annual replacement. Calculate the math: a $1,500 designer bag worn for 20 years costs $75 annually. Twenty $100 bags over the same period cost $2,000 total. The designer option actually costs less in the long run while providing a dramatically superior daily experience, better aesthetics, greater comfort (quality straps don't cut shoulders), and genuine pleasure from using something beautiful. Resale value matters too – designer bags in good condition retain 50-70% of purchase price in luxury resale markets, while cheap bags are worthless. Environmental considerations favor quality over quantity – one bag lasting two decades creates far less waste than twenty bags in landfills. The intangible benefits include confidence, social signaling, and daily satisfaction. However, "worth it" requires honest self-assessment: if a designer bag costs represent significant financial strain, causes stress, or prevents meeting essential needs, it's not worth it regardless of quality. If you're delighted with affordable alternatives and don't notice or care about quality differences, designer bags may not provide enough additional value to justify the cost. But if you can comfortably afford the investment, use bags daily, providing extensive cost-per-wear value, appreciate craftsmanship and quality, and find genuine satisfaction in owning beautiful things built to last, designer bags at outlet pricing represent exceptional value through decades of superior performance, aesthetics, and daily enjoyment that cheaper alternatives cannot deliver.
      Authenticating designer bags online requires attention to specific details and purchasing only from reputable sources with authentication guarantees, protecting you from the counterfeit market that unfortunately plagues luxury goods. When shopping with us, authentication is guaranteed through our rigorous verification process, but understanding authentication markers helps you shop confidently anywhere. Key authentication indicators include: authorized sourcing (only buy from established retailers with authentication guarantees, authorized brand outlets, or luxury consignment platforms with expert authentication teams – never from private sellers on general marketplaces without authentication), detailed product information (legitimate sellers provide comprehensive descriptions including materials, dimensions, serial numbers, and condition details with multiple high-quality photos from various angles showing hardware, stitching, interior stamps, and construction details), proper materials and construction (authentic designer bags use premium leather with natural grain and scent, precise and consistent stitching with appropriate thread colors, substantial hardware with proper weight and smooth operation, and correct logo fonts, spacing, and alignment), brand-specific markers (each luxury house has specific authentication details: Gucci includes serial numbers and controllato cards with specific formats, Prada has unique triangle logos with specific fonts and attachment methods, Bottega Veneta features precise intrecciato weaving patterns impossible for counterfeits to replicate exactly, and interior stamps show proper fonts, spacing, and positioning), quality packaging (authentic bags include branded dust bags with correct materials and printing, original boxes when applicable, care cards and authenticity documents, and sometimes tags or papers specific to authorized outlets), and serial numbers or date codes (luxury brands include production information in specific formats and locations, though beware that counterfeiters now include fake serial numbers, so these must be verified against brand-specific systems). Red flags suggesting counterfeits include suspiciously low prices (if pricing seems too good to be true, it probably is – authentic designer bags have floor prices even at outlet channels), poor quality materials or construction (plastic-feeling leather, uneven stitching, lightweight flimsy hardware, or chemical smells indicate fakes), incorrect logos or branding (misspellings, wrong fonts, improper spacing, or logo placement that doesn't match brand standards), lack of authentication guarantee (sellers unwilling to guarantee authenticity or accept returns are suspicious), and vague product information (blurry photos, minimal description details, or evasive answers to specific questions). Our authentication process specifically protects you: we source exclusively from authorized channels documented with purchase records, expert authenticators trained in brand-specific details examine every bag verifying materials and construction, we compare items against known authentic examples and brand specifications, and we provide comprehensive money-back guarantees if any item is ever found inauthentic. Our business reputation depends entirely on selling only genuine designer goods, so we have zero incentive to risk authenticity issues. When shopping elsewhere online, prioritize established luxury retailers with authentication expertise, carefully examine all photos and descriptions, ask specific questions before purchasing, understand return policies allowing authentication verification after receipt, and consider professional third-party authentication if purchasing very expensive bags from unfamiliar sources. The combination of educated awareness and shopping with reputable sellers virtually eliminates authentication risks.
      The best first designer bag combines iconic brand recognition, proven versatility, appropriate sizing for your lifestyle, timeless design ensuring decades of relevance, and pricing that feels accessible rather than terrifying, making these specific recommendations ideal entry points. For most first-time luxury buyers, a medium-sized crossbody or shoulder bag in black or brown leather from Gucci, Prada, or similar established brands offers the optimal combination of factors. Specifically consider: Gucci Marmont shoulder bag in small or medium ($1,200-1,800 at outlet pricing) – the matelassé quilted leather with double-G hardware represents instantly recognizable contemporary Gucci, works across casual to dressy occasions, and comes in a size accommodating daily essentials without overwhelming your frame. Black or dusty pink are versatile first colors. This investment provides brand recognition, proven resale value, and genuine everyday wearability. Prada Saffiano leather crossbody or shoulder bag ($900-1,400 at outlet) – the signature crosshatch-textured leather is scratch-resistant and low-maintenance, while remaining sophisticated. The triangle logo provides subtle brand presence. These bags work beautifully for both professional environments and casual wear, with durable construction that ensures decades of use. The understated elegance appeals to those who prefer quiet luxury over overt branding. Bottega Veneta small Arco tote or crossbody ($1,000-1,500 at outlet) – for those valuing craftsmanship over logos, Bottega Veneta offers exceptional quality with distinctive intrecciato weaving or smooth leather designs. These work-horse bags provide sophisticated versatility without screaming brand names, appealing to fashion insiders and those with more subtle tastes. Saint Laurent envelope bag in medium ($1,200-1,600 at outlet) – the YSL monogram hardware on quilted or smooth leather provides edgy sophistication, working from day to evening. The flap closure and classic silhouette ensure timeless relevance, while the brand carries strong fashion credibility. For slightly lower first investments, consider quality wallets or small accessories ($300-600) to establish brand familiarity before committing to major bag purchases. A Gucci GG Marmont wallet or card holder lets you experience the brand's quality daily while requiring a smaller financial commitment. General principles for first designer bag purchases: prioritize medium sizes (11-13") offering versatility without commitment to very large or very small formats, choose classic neutral colors (black, brown, or navy) working across your existing wardrobe rather than trend-driven shades, select established heritage brands (Gucci, Prada, Saint Laurent, Bottega Veneta) with proven quality and strong resale values over newer designers, consider bags with adjustable or multiple carry options (removable straps, crossbody capability) maximizing functionality, and purchase styles you'll genuinely use regularly rather than special-occasion-only pieces. The innovative approach is to start with one excellent bag and work it hard in your daily life, using it extensively to understand what you love and want in designer pieces, then build your collection gradually based on real experiences rather than impulse purchases. At outlet pricing, these first investments become more accessible while maintaining all the quality, craftsmanship, and satisfaction that define authentic luxury.
      Proper storage and rotation of multiple designer bags ensures your entire collection remains beautiful and functional for decades, protecting significant investments through thoughtful organization and care practices. For storage solutions, each bag should be stored in its original dust bag, protecting it from dust, light exposure, and potential scratches from contact with other items or surfaces. Dust bags are designed specifically for this purpose with appropriate materials that won't transfer color or cause damage. Store bags on shelves rather than hanging them by handles, which can stretch leather and distort shapes over time, particularly problematic for larger bags with significant weight. Ideally, dedicate closet shelving specifically for bags where they can stand upright without crowding, allowing air circulation and preventing compression. If space is limited, consider shelf dividers to keep bags separated and upright, or clear plastic storage boxes (with dust bags inside for extra protection). Climate control matters: store bags in cool, dry areas away from direct sunlight, excessive heat, or humidity. Avoid attics (too hot), basements (too damp), and areas near heating vents or windows that receive direct sun. Extreme temperatures and moisture cause leather to dry out, warp, or develop mold. To maintain shape during storage, stuff bags with acid-free tissue paper, bubble wrap, or specialized bag shapers that maintain structure without stressing seams. Never use newspaper (ink can transfer), colored tissue (dye may bleed), or very heavy stuffing (overstretches leather). Pay special attention to structured bags and those with specific shapes requiring support. Remove all items from bags before storing – leaving contents inside creates unnecessary weight stress on construction, and items like pens or makeup can leak, causing permanent damage. Close zippers and clasps to maintain intended shapes. For chain straps or delicate hardware, ensure chains are not tangled and are positioned naturally to avoid kinks. Consider photographing your collection for insurance and tracking purposes, helping you remember what you own when deciding what to use. For the rotation strategy, avoid using the same bag constantly for extended periods. Rotate bags regularly, allowing each to rest and the leather to recover between uses. This rotation extends the overall lifespan significantly compared to wearing one bag daily until it shows wear, then moving to the next. Consider seasonal rotation: lighter colors and canvas bags for spring/summer, darker leathers and larger totes for fall/winter. Clean and condition each bag before storing seasonally, ensuring it's in optimal condition when it's rotated back into regular use. Create a simple rotation schedule if helpful: perhaps using different bags on different weekdays, or rotating weekly, ensuring all bags get regular use rather than some sitting unused for years. Empty and lightly clean bags after each use before returning to storage – don't allow dirt, dust, or residue to accumulate between uses. Wipe down exteriors, clean interiors, removing crumbs or debris, and spot-clean any marks before storing. This prevents issues from setting in and becoming harder to address later. Check stored bags periodically (every few months), even when not in use, to ensure no issues such as mold, leather drying, or hardware problems are developing. Early intervention prevents minor issues from becoming major problems. Condition leather on all bags twice yearly,, regardless of use frequency, to maintaing suppleness even during storags. With thoughtful storage, regular rotation, and consistent care, your designer Authenticity will serve you beautifully for decades, with each piece maintaining value and appearance through proper treatment as the investment items they are.