Should I invest in wine?!
http://ftwineplan.laywheeler.com/
Answers: I am thinking of expanding my investments. I have money in my property, pension and in some shares. I have an interest in wine and I'm wondering if this looks any good?
http://ftwineplan.laywheeler.com/
I'm going to say, (and this isn't to be sarcastic), that if you have to ask on Yahoo! Answers whether you should invest in wine, that you should not. Why? There are so many reasons. Across the world, wine production has been increasing, and prices have been falling, and wealthy emirates and similar types have been jacking up the prices of the best wines, creating a price bubble. Recently, grape farmers/wine producers in France rioted because they could not get break-even prices for their grapes.
True oenophiles are disgusted at the ridiculous prices currently being paid for the best wines, as it's supposed to be about the wine, not the money (ok, and for the money too, but the wine takes precedence). All this money has attracted criminal activity, and some auction houses have "accidentally" sold counterfeit wines recently. Wine used to be a leisurely gentleman's pastime; now it looks more like a noveau-riche catfight. It's not a game for newbies.
One doesn't usually invest in wine the way one invests in the stock market, although there are wine-based mutual funds around. If you can find one with a track record, this might be a more reasonable path.
Most people who invest in wine do it as a sort of lifestyle choice--one becomes a wine student and/or a wine bum, learning about wine, traveling to wine regions, sampling wine, making wine, and talking about wine. From that vantage, one then has the inside knowledge necessary to make good decisions about wine and wine producers and wine prices. It would be an enjoyable education if you could get it. From there, you could invest in individual vintners.
A true wine investor would never rely on wine information from marketing flyers. Wine tastes are too personal, and wine marketing is too subject to hyperbole and gentlemanly fraud. Have you ever gone on a wine tasting to some newish vineyard, where the owners/producers talked up the wine, but when you tasted it, it was horrible, yet out of politeness, you knew you had to keep your mouth shut? This is no way to have to make an investment.
You must have the personal understanding and knowledge of wine to make the best decisions about what's investment-worthy. Some wines will age well; some won't. For your wine to appreciate, it will have to be of a character to spend at least a decade (more would be better) in a cellar. If your wine doesn't age, then your investment is completely lost.
Your question references investing in bottles of wine, with the hope that they will appreciate in value. The problem with this at present, as I see it, is that prices of all sorts of luxury goods have reached speculative levels already, simply because there is so much money chasing what goods there are. In a bubble situation, the prices always fall before they go back up--if ever. You will have to spend considerable money storing your wines properly. In order to preserve your investment, you won't be able to drink the wine--to the eternal frustration of your clamoring friends, to whom you will show off your bottles--and it will take many years (perhaps a couple decades) for your investment to appreciate. Personally I think I'd rather see the balance increasing in an investment account than worry about a bunch of bottles in the cellar.
Do a bunch more homework before you buy any investment bottles. Learn what will age well. Investigate wines internationally. Be sure to sample liberally. When you're ready to jump in, buy a few cases of something. Keep one case aside, and have a bottle a year or so, to see how it's coming along. Do this as an enjoyable hobby, and don't look at it as a money-making opportunity, although, with good fortune, it will turn out for you to be both.
Yes...and I shall consume more to help you;-)
yes,i invest wisely in wine every week by drinking it and feeling happier
It depends if you have the right storage conditions, and can resist drinking it! If you're going into it seriously, then you should invest in a cellar and ensure it's temperature controlled.
Also, it can be a bit of a minefield so an adviser who knows what they're talking about would be essential.
The ultra rare, low allocation en primeur vineyards only allocate cases to dealers they trust, who in turn only have a limited allocation for their customers, so if you have a local wine dealer I suggest you get to know the manager and work up a relationship with him/her.
Yes-- then I can drink all your profits lol
Yes. And for total security, store it inside you!
i work for in private banking and there are lots of options for investing in wine. you could invest in a wine fund, or invest in physical bottles of wine. wine mechants will store the wine for you and sell it for you when you want out of the investment. This is a better way to do it than buying the wine and keeping it yourself.
I have room in my garage for a few cases. No charge
From the site, they sell wines but I don't see anywhere on the site where buy them back.
Not saying that you can't buy wine as an investment and make a profit, but there's so much with storage conditions that it's not like gold or silver that you can readily convert into cash. You might have to prove your storage conditions and how it was stored.
Sometimes you see old, old bottles of wine at auction from old estates that bring money.
Probably the only way you could make money on the investment would be if it were destroyed and you had it insured.
That's what happened to a famous restaurant in New Orleans when the power went out and ruined several million dollars worth of stock in their climate controlled wine storage rooms.
Before you buy for investment, other than for status, ask the broker if they buy the wine. Will they? Will they give you a long speech and not tell you yes or no?
In my very humble opinion that's the worst investment you can make.....I'm an alcoholic and more likely would ended up drink it all.....in vest in real estate or some like that.............
been investing in foster lager for years and am still skint...
Drink it. Don't invest in it.