The Luxury Stock Portfolio

	Grasping the Good Life

I know nothing about luxury. I pretty much pick my clothes out of a dumpster and the last time I bought jewelry was a little Tiffany (TIF Quote) diamond stud for my two-year-old daughter when I insisted she get her nose pierced.

That aside, with the widening gap between rich and poor, plus the influx of euro-rich foreigners landing on American soil ready to spend their discounted dollars, it's time we look at a trend that's never going away: the demand for luxury stocks.

When it comes to luxury stocks, I like to be as frugal as possible. There's no reason to pay top dollar when your goal is to make money, and the good thing right now is that many of these stocks are dirt cheap. And with what you make from investing in these companies' growth, you can treat yourself to some of their finest offerings.

At Stockpickr you can find a list of the top luxury stocks of companies that make products of high quality, outstanding design -- and correspondingly lofty price tags.

The Prime Picks

The luxury stock with the lowest price-to-earnings ratio is DaimlerChrysler AG (DAI Quote), soon to be named Daimler AG. This is the eighth largest auto manufacturer in the world, and it makes the classic Mercedes Benz automobiles -- the car that is preferred by Paris Hilton, Lindsay Lohan, Britney Spears and numerous of my other favorite celebrities.

In May, it announced that it would sell the Chrysler division to private equity firm Cerberus Capital Management. Daimler currently has a P/E ratio of 17.36 and a yield of 1.6%....