10:53 29 December 2013
Fine wine to the discerning palate is like the Philosopher’s stone_ hard to find. And being so, people are willing to part with significant amounts of money just to get the best in their cellars. Most people take a glass of wine with their meals and leave it at that. However, you can take a different direction if you are a wine connoisseur. You can invest in wine and get rich off it. Do you want to know how?
The following article highlights how wine investments can get you there.
There is a risk to it all
For a fact, not all wine gets better with age and not all wine scream out quality when you taste them. Well, not all of them. Most people take for granted that expensive bottles of wine are rare vintages. However, wine savvy investors know that the real money is in rare editions. Hence, they will go for limited edition wines that are produced in very low amounts like Bordeaux and Burgundy. The very fact that they are produced in low amounts means that they their value keeps raising as the years go by meaning your investments keep yielding profits.
While you have this image of fine wines being equivalent to stocks, they are not. It is the consumer’s prerogative to choose the wine that he deems high quality. In terms of investments, you better hope that customer selects the wine based on his discretion.
Always stick to professionals when doing business
Deal with wine connoisseurs only as the value of your investments depends solely on their judgement. The end goal should be clear to you_ money is the motivation.
The merits of wine investment are limitless such as equities, life assurance and more! The returns are high too. Fine wine makes for an excellent avenue to invest as long as you remain aware of what you are getting into.