Should you Invest in Wine?
Investing in wines requires having your priorities in order. While you want to make money now and again, it is vital to appreciate the pleasures in life that cannot be expressed in a bank balance. But, even if a case of vintage wine does not swing your dial, there are some hard business facts you want to consider. Below are the reasons to invest in wine:
It can Outperform Other Market Products
Investing in vintage wines like the 1957 vintage wine for sale can produce positive returns and outperform investment-grade assets classes. This performance is caused by the small quantities in which the majority of vintages are produced.
It Has Tax Benefits
Unlike many other asset classes, fine wine is not subject to capital gains, inheritance, or income taxes. In fact, you may not have to pay tax on the profits made from the sales.
It Can Help Diversify your Portfolio
Because of the premium cachet of wine and its wealthy investor pool, it tends to have a continuously appreciating value even when the market is in turmoil. Thus, investing in wine is a neat addendum to a more conventional portfolio.
Wine Investing is Interesting
When you invest in wine, you can expect to have an audience every time you want to talk about it. Your friendly neighbor will not be interested in hearing about your diversified equities portfolio. But, if you talk about your awesome wine collections, people will listen. In fact, you might instantly get invitations to occasions.
There is Joy in Wine
The joy of wine is one of the pleasures in life that you cannot contain in a spreadsheet. As long as you invest in wine that you love and cherish, you will be guaranteed with pleasure, no matter the financial performance.
You can Sell your Wines Later
Traditionally, people purchase two cases of wine, consume one now and lay down the other case to perhaps sell in the near future. However, this strategy has been changed. Today, a lot of wine investors are purchasing a couple of cases now, hold on to these cases in a secure vault, consume one slowly until it has blossomed to maturity, and sell the second. Usually, the sale is enough to cover the initial outlay. If you do not know where to start your wine investment, there are extensive fine wine marketplaces for private individuals that offer access to vintages and bottles which cannot be purchased anywhere else.