investment guide, >50K
Discussion
Mactac said:
Wine futures,
An interesting thought, I know nothing of its value so I should make some enquiries
I would. It's funny, when I first told people I was doing it everybody was saying not to. But now some of the people who said not to are thinking of buying a case as well. Also you can always drink it, unlike shares. You can make an awful lot of money in wine. I'm sure I remeber Bebs saying something about some Chateau Pertrus going up £20,000 in just a few years. An interesting thought, I know nothing of its value so I should make some enquiries
Mr Beaumont said:
Mactac said:
Wine futures,
An interesting thought, I know nothing of its value so I should make some enquiries
I would. It's funny, when I first told people I was doing it everybody was saying not to. But now some of the people who said not to are thinking of buying a case as well. Also you can always drink it, unlike shares. You can make an awful lot of money in wine. I'm sure I remeber Bebs saying something about some Chateau Pertrus going up £20,000 in just a few years. An interesting thought, I know nothing of its value so I should make some enquiries
mogul said:
Mr Beaumont said:
Mactac said:
Wine futures,
An interesting thought, I know nothing of its value so I should make some enquiries
I would. It's funny, when I first told people I was doing it everybody was saying not to. But now some of the people who said not to are thinking of buying a case as well. Also you can always drink it, unlike shares. You can make an awful lot of money in wine. I'm sure I remeber Bebs saying something about some Chateau Pertrus going up £20,000 in just a few years. An interesting thought, I know nothing of its value so I should make some enquiries
Mr Beaumont said:
mogul said:
Mr Beaumont said:
Chateau d'Yquem 2001. I just bought a case for investment, cost me £4000, The Times said it could be worth £20,000-£30,000 in 10 years, and I spoke to a wine expert and he said it was virtually impossible for it to go down in value. Funnily enough I was thinking how to get £50,000 to spend on several cases before I found this thread, but being 16 means it is virtually impossible.
Already worth £4500 
Where do you keep it - or do you simply buy it and it's looked after by a third party?
Deva Link said:
Mr Beaumont said:
mogul said:
Mr Beaumont said:
Chateau d'Yquem 2001. I just bought a case for investment, cost me £4000, The Times said it could be worth £20,000-£30,000 in 10 years, and I spoke to a wine expert and he said it was virtually impossible for it to go down in value. Funnily enough I was thinking how to get £50,000 to spend on several cases before I found this thread, but being 16 means it is virtually impossible.
Already worth £4500 Where do you keep it - or do you simply buy it and it's looked after by a third party?
Yed It does. I thought they were gonna say a ludicrus amount but the £9 included insurance.
Mactac said:
Would you have that link to hand please.
Like to read about this
Here's one:Like to read about this
http://www.guardian.co.uk/money/2001/dec/07/altern...
The "just tax" site confuses matters a little bit by mentioning anything under 6k is exempt, but the general consensus would appear that wine is exempt from CGT.
http://news.bbc.co.uk/1/hi/programmes/working_lunc...
There you go mate.
[/quote]
"You shouldn't have to pay Capital Gains Tax because wine is considered a wasting asset.
However, some sweet wines or vintage ports can have a life of more than 50 years, so mightbecome liable to CGT. Also if you are dealing in large quantities, the Inland Revenue might start taking notice."
He mentions this CGT briefly as well then
There you go mate.
[/quote]
"You shouldn't have to pay Capital Gains Tax because wine is considered a wasting asset.
However, some sweet wines or vintage ports can have a life of more than 50 years, so mightbecome liable to CGT. Also if you are dealing in large quantities, the Inland Revenue might start taking notice."
He mentions this CGT briefly as well then
Edited by Mactac on Sunday 13th April 15:20
Mactac said:
Thanks a lot,
Back in a bit'
If you're seriously considering it, it may be worth dropping bebs a line. There's also this thread which may be of interest too.Back in a bit'
Alternatively, you could choose a strategy that would yield a greater return over a shorter time frame - but that carries more risk than wine.
g4ry13 said:
Mactac said:
Thanks a lot,
Back in a bit'
If you're seriously considering it, it may be worth dropping bebs a line. There's also this thread which may be of interest too.Back in a bit'
Alternatively, you could choose a strategy that would yield a greater return over a shorter time frame - but that carries more risk than wine.
If its maybe as easy as said.. contact a broker he sources a case ect.. then why dont lots of people do it? Or lots "more" people do it?
okgo said:
After reading both thread I am seriously considering it..
If its maybe as easy as said.. contact a broker he sources a case ect.. then why dont lots of people do it? Or lots "more" people do it?
For a start there's the costs - in order for it to be worthwhile you need to easily lay out 4 figures or more to get started and make it worth your while. It's much cheaper to get started on the stock market and still see returns.If its maybe as easy as said.. contact a broker he sources a case ect.. then why dont lots of people do it? Or lots "more" people do it?
Then some people don't like the idea that you may have to wait years and years to see a good return, whereas there are other investment opportunities that can see returns within days to weeks.
Lastly, I guess it's just not something people know much about or as widely publicised as the stock market and some people may not feel comfortable spending £10,000 on a crate of wine because a broker says they should.
Having read about this for the First time this Weekend, I can see the duration of holding the stuff being a problem.
I was also considering with others some land near here, although an expensive long term option, we could potentially graze Horses on it and charge rent off others doing the same
while waiting (hopefully) for developers to want it.
For myself i'm reluctant to commit without further persuasion of others experience on the Wine front, although for others it obviously works well.
I was also considering with others some land near here, although an expensive long term option, we could potentially graze Horses on it and charge rent off others doing the same
while waiting (hopefully) for developers to want it.
For myself i'm reluctant to commit without further persuasion of others experience on the Wine front, although for others it obviously works well.
http://www.iii.co.uk/savings/ best rate for investing £50k is 6.5% with an instant access account.
If you want to keep the money in some kind of account/pay some of your mortgage then I would suggest that you are probably quite risk averse. To get decent returns and be tax efficient with the saving then you are going to have to put in a bit of research or pay the costs of an IFA.
Personally, I think that 6.5% for the next year or so would be a pretty sensible way to keep the money...
For those interested in investing in wine, I would have to suggest that prices are going to be very much affected by the global economy. Massive rises in values over the last few years are going to be hit hard by a lack of liquidity(pun). It's all very well saying that an asset is rare but that means bugger all if nobody is willing to buy it when you need to get your cash out!!
If you want to keep the money in some kind of account/pay some of your mortgage then I would suggest that you are probably quite risk averse. To get decent returns and be tax efficient with the saving then you are going to have to put in a bit of research or pay the costs of an IFA.
Personally, I think that 6.5% for the next year or so would be a pretty sensible way to keep the money...
For those interested in investing in wine, I would have to suggest that prices are going to be very much affected by the global economy. Massive rises in values over the last few years are going to be hit hard by a lack of liquidity(pun). It's all very well saying that an asset is rare but that means bugger all if nobody is willing to buy it when you need to get your cash out!!
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