The term “investment piece” gets thrown around a lot, but what does it actually mean? Rather than a term used to justify shopping, it’s about buying high quality items with intention that are made to last. From the perfect shoes to timeless pearls, investment pieces earn their keep in your wardrobe because of how hard they work for your style.

But how do you decide on your next investment piece? While there’s no rush to build out your perfect wardrobe — it’s a marathon, not a sprint — there are some classic pieces that will never go out of style. Read on for our top picks for investment pieces!

Camel Coat

Nothing looks quite as chic as a camel-colored wool coat. Whether you’re heading out for a casual brunch or on an Italian vacation, this cold-weather staple will complete any outfit (and keep you cozy!) And for a really classic look, opt for a slouchy coat with a waist tie.

Pearl Earrings

There’s nothing like a pair of pearl earrings to elevate your look. Whether you’re drawn to simple pearl studs, or statement dangling pearls, these classic jewelry pieces give off an air of sophistication. Plus, they can be styled from day to night, making them a versatile staple in your jewelry collection.

Little Black Dress

The LBD is famous for a reason! A little black dress that fits you perfectly is your secret to feeling confident, no matter the occasion. Whether you opt for a structured shift dress, or a flowy wrap dress, a little black dress can be styled for any impromptu party or date night.

Penny Loafers

Penny loafers —named after their secret space to hide a coin—are a classic shoe to keep in your rotation. Once worn only by men, penny loafers are now a stylish choice for all. Wear them with chunky socks or refined tights, and create a polished look this fall.

Brown Leather Bag

Brown leather bags are a staple for a reason, and absolutely worth the investment. Whether you choose a small shoulder bag, a cross-body bag, or a larger handbag, warm tones of brown leather can be thrown on with any outfit. From day to night, and from summer to winter, a brown leather bag gives off old-school refinement. Plus, if you care for your bag properly, they can truly last for generations.

Trench Coat

For suave French style, you can’t go past a trench coat. These versatile pieces are perfect for throwing on over a cute outfit on the way to a soirée, or for layering with a sweater when the weather cools down. Beige is the classic colorway, but don’t go past a black or a navy for a timeless look!

Watch

Watches are famous for their ability to complete an outfit, or show of your style. Whether you prefer a small, dainty watch, or a chunk, statement timepiece, you’ll reach for your signature watch everyday.

Carry All Tote

There’s nothing more effortlessly cool—or convenient—than a large tote bag. Look for designer leather pieces to add to your collection. A large silhouette will complete any look, and will be the ultimate sidekick as you run around town. And while you want to keep your bags forever, don’t be afraid to actually use them, á la Jane Birkin!

Vintage Denim

There’s no better way to invest in lifetime pieces, than by giving a pair of jeans a second chance! While vintage Levi’s can be quite expensive, their timeless design and versatile styling means that they’ll more than earn their keep. Plus, to truly maximize your denim wardrobe, consider getting them tailored. You’d be surprised at how an inch here or there can give you the perfect fit!

Blazer

From boardrooms to dinner dates, a classic blazer will never go out of style. Plus, it will complete your outfit, even when you have nothing to wear! A classic black tailored blazer is a timeless choice, but don’t be afraid to explore other options like cream or even red. Whichever color you choose, you’ll reach for it year after year.

Cashmere Sweater

Not only should your investment pieces look good, but they should feel good, too. A good cashmere sweater will keep you warm, cozy, and feeling confident throughout the colder months. And for the ultimate cool-girl look, wear a crew-neck sweat with a white T-shirt peeking through.

Dainty Bracelet

Jewelry is a way to express your personal style, and may change throughout the years. However, a simple chain bracelet never goes off trend. Consider a plain gold bracelet, or a tincup bracelet for a classic, feminine piece.

Tailored Black Trousers

There’s nothing that can make you feel quite as powerful as a pair of fabulous black trousers. Elevated and refined, they can be styled for the office or a fancy dinner party. Look for fabrics like silk for the summer months, or a wool blend for winter. They’re a staple part of your perfectly curated capsule wardrobe!

Silk Scarf

Silk scarves have been symbols of luxury style for decades, and for good reason. Whether you wear them in your hair, tied to a Birkin, or around your neck, a silk scarf is the perfect finishing touch to any outfit. And while you want to choose a design that is fairly versatile, don’t be afraid to experiment with color! While the rest of your investment pieces may be neutral, the color and luster of a bright silk scarf is too good to pass up.

Leather Boots

Whether you’re wearing jeans and a T-shirt, are heading out on the town, or are styling a maxi skirt, a pair of leather boots will never let you down. Whether you’re into flat boots or statement heels, leather boots are the epitome of classic style. Plus, when cared for properly, will truly last a lifetime!

Final Thoughts

While the phrase “investment piece” gets thrown around a lot, a true investment piece is one that stays with you for years to come. And when you reach for a piece over and over again, you’ll be so thankful you trusted your style all those years ago!