For those of us who have a nest egg, trying to look a worthwhile investment to nurture it in these volatile times may appear a real headache. Ideally, you would be looking for an investment that is relatively risk-free, will bring (at the very least) a reasonable return, and one does not need months or years of studying or hands-on experience to get to grips with.
Investing in fine wines can fit the bill preferably, and has a gilt edge: At the end of the day, you can always enjoy a small section of your investment over a meal with friends. That’s something you can’t do with stocks and shares or government bonds! You can also consult Michael Asimos to know more about wine imports.
Fermented grape juice may, initially at least, taste a strange thing to sink your money in. But as an investment area, it has stood up well to the current global ravages and crises in the financial sectors, and it’s something that more and more people are realising makes sound economic sense, while letting you now and then to have a quality tipple at your fingertips.
At the heart of wine investment is the classic law of supply and demand that you learnt a long time ago at school or college. If there is a demand for the wine, and the supply of the wine is fixed, then as the supply reduces, demand will increase and the price will go up.
Applying this to wine: Is the wine that you are thinking about investing in, one that will be popular in a few years’ time? Will it keep until then? Will it taste even better in a few years? How do I store it? When is the appropriate time to sell?