Wine...Is this going to be the next big investment or is it already on it's way??? Please give me your thoughts, and what products to invest in.
2006-10-01 14:05:05 · 6 answers · asked by cfenton1982 1 in Business & Finance ➔ Investing
I'd say it's just beginning. Although I invest in stocks and mutual funds, I see investing in wine having the problem with storage. Wine must be in a cool area, and if you have the facilities, it might be worth your while.
2006-10-02 05:25:29 · answer #1 · answered by Mike S 7 · 0⤊ 0⤋
Think it's always been a wonderful amateur investment, for lovers of fine vintages who tend their own cellars. But as a serious investment wine is far too finickety.
You'd need temperature-controlled storage 24/7. If hurricanes or storms knocked out your power you'd be in mega-trouble. You'd want to own a generator. There'd be costs for building & maintaining storage facility.
Even so you'd have trouble selling. There's no liquid market. Any good broker/dealer is going to take a hard look at the provenance of your collection and the conditions under which it has been stored. I'd expect to get less than 50% of today's market price, so your wine cost would have to be less than half of today's price before you could earn a penny.
We're not moving into an era of high inflation. There's no reason to think private wine-cellars will increase sharply in value in near future. Personally I think art, antique coins, genuine antique anythings, would increase in value more and their storage costs would be less in the meantime.
With respect to wine, no doubt there are ripoff promotions that promise an investor a unit, or an interest, in a scheme that proposes to store great quantities of wine in huge warehouses somewhere. Sincerely hope you're not planning one of these.
2006-10-01 22:36:08 · answer #2 · answered by strath 3 · 0⤊ 0⤋
Better enjoy it with your dinner and forget about investing in it. For real investment look into the precious metals market. Very bullish right now and for the long term. As China and other emerging markets continue increasing theis consumption of metals, prices will continue going up. For beginners I recommend this site, which contains very good links for all type of information on precious metals investing.
http://preciousmetalsinvesting.blogspot.com/
2006-10-01 23:05:14 · answer #3 · answered by MADELINE F 1 · 0⤊ 0⤋
If you want to invest in wine then buy stock in a Forbes Global 2000 Corporation like Pernod Ricard.
2006-10-02 00:53:42 · answer #4 · answered by Anonymous · 0⤊ 1⤋
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2006-10-02 04:11:10 · answer #5 · answered by stock_trade_expert 3 · 0⤊ 1⤋
I would avoid it as an investment, keep it as a hobby and you will probably enjoy it much more.
2006-10-01 22:47:53 · answer #6 · answered by Anonymous · 0⤊ 0⤋