Should I invest in wine?
Discussion
jamoor said:
I don't drink, so that's a start, is it worth me buying a few cases of wine and leaving them in my garage to fester for as long as I can?
Is there any conditions that need to be applied? Which wines should I buy and hopefully make a big profit on a couple of decades later?
Far better people than me will tell you what you need to do.Is there any conditions that need to be applied? Which wines should I buy and hopefully make a big profit on a couple of decades later?
If it's an investment, you need to make sure that it's stored properly.
My mate uses a company in Hampshire that has it's own cellar.
Bing o said:
jamoor said:
I don't drink, so that's a start, is it worth me buying a few cases of wine and leaving them in my garage to fester for as long as I can?
Is there any conditions that need to be applied? Which wines should I buy and hopefully make a big profit on a couple of decades later?
Far better people than me will tell you what you need to do.Is there any conditions that need to be applied? Which wines should I buy and hopefully make a big profit on a couple of decades later?
If it's an investment, you need to make sure that it's stored properly.
My mate uses a company in Hampshire that has it's own cellar.
How do you sell wine, it's not as though you can just put it on ebay ?
jamoor said:
Bing o said:
jamoor said:
I don't drink, so that's a start, is it worth me buying a few cases of wine and leaving them in my garage to fester for as long as I can?
Is there any conditions that need to be applied? Which wines should I buy and hopefully make a big profit on a couple of decades later?
Far better people than me will tell you what you need to do.Is there any conditions that need to be applied? Which wines should I buy and hopefully make a big profit on a couple of decades later?
If it's an investment, you need to make sure that it's stored properly.
My mate uses a company in Hampshire that has it's own cellar.
How do you sell wine, it's not as though you can just put it on ebay ?
Yes it costs, but not as much as fking up some good quality wine in your garage.
Bing o said:
jamoor said:
Bing o said:
jamoor said:
I don't drink, so that's a start, is it worth me buying a few cases of wine and leaving them in my garage to fester for as long as I can?
Is there any conditions that need to be applied? Which wines should I buy and hopefully make a big profit on a couple of decades later?
Far better people than me will tell you what you need to do.Is there any conditions that need to be applied? Which wines should I buy and hopefully make a big profit on a couple of decades later?
If it's an investment, you need to make sure that it's stored properly.
My mate uses a company in Hampshire that has it's own cellar.
How do you sell wine, it's not as though you can just put it on ebay ?
Yes it costs, but not as much as fking up some good quality wine in your garage.
swerni said:
Jimboka said:
Sounds like a winner..
Buy stocks & shares, could be worthless in 10 years
Buy wine, it may still be worthless, but at least you can drown your sorrows!
not if it turns out he purchased 2 gallons of vinegar Buy stocks & shares, could be worthless in 10 years
Buy wine, it may still be worthless, but at least you can drown your sorrows!
I would recommened using a specialist firm to help advise on which wines to buy - simply buying any wines and sticking them in the garage for 20 years is unlikely to turn a profit.
I'd recommend www.laywheeler.com, who I have been 'investing' with for 3 years or so now, and should have £4k-£5k of win in storage. I set aside £100 per month, and every so often L&W send me details of wine which they have bought on my behalf (or send me suggestions) based on the types of wine I have told them I am interested in.
I don't really see this as an investment (as I plan to drink the wine when it is mature), but if i do buy a wine that becomes hugely valuable then that will be a nice bonus!
cheers
Sidicks
I'd recommend www.laywheeler.com, who I have been 'investing' with for 3 years or so now, and should have £4k-£5k of win in storage. I set aside £100 per month, and every so often L&W send me details of wine which they have bought on my behalf (or send me suggestions) based on the types of wine I have told them I am interested in.
I don't really see this as an investment (as I plan to drink the wine when it is mature), but if i do buy a wine that becomes hugely valuable then that will be a nice bonus!
cheers
Sidicks
sidicks said:
I would recommened using a specialist firm to help advise on which wines to buy - simply buying any wines and sticking them in the garage for 20 years is unlikely to turn a profit.
Exactly what I want to do, but clearly it won't work.I don't want to spend any money on it bar the cost of the wine.
Well whatever you do don't invest in Cos - presumably you just watched that programme on BBC Four last night and the owner just came across as the most greedy arrogant tosser ever.
Thought Berry's came through it rather well though.
Anyway onto the OP's topic, it has been a pretty sound investment and ticks along quite well, but this, like many investments, has a lot to do with the success of the overall global economy.
I don't think it has always been the case, but if you were to purchase anything with a decent Parker score (and that means Bordeaux) en primeur, then store it in bond for around 5 years, you could probably sell for at least 50% on top, often much more, but then your money has been tied up for 5 years. So you take your pick. Personally I go for wine, but then I have a passion for it and at the end of the day if it didn't make any money I wouldn't be bothered.
Thought Berry's came through it rather well though.
Anyway onto the OP's topic, it has been a pretty sound investment and ticks along quite well, but this, like many investments, has a lot to do with the success of the overall global economy.
I don't think it has always been the case, but if you were to purchase anything with a decent Parker score (and that means Bordeaux) en primeur, then store it in bond for around 5 years, you could probably sell for at least 50% on top, often much more, but then your money has been tied up for 5 years. So you take your pick. Personally I go for wine, but then I have a passion for it and at the end of the day if it didn't make any money I wouldn't be bothered.
Eggle said:
Bebs
He is your man.
The best thing is have a chat with him. Buy it and leave it in a bonded warehouse. Just leave it to make you money!
Here I am He is your man.
The best thing is have a chat with him. Buy it and leave it in a bonded warehouse. Just leave it to make you money!
I wrote a long post a little while ago which was unfortunately taken down by the Mods - they thought I was advertising
PM me for any advice - but yes, wine is certainly better than the stock market and the clincher? There is NO CAPITAL GAINS TAX on your profit
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