Investing in wine!!

quentinfarquar

A friend of mine has been asking me my thoughts on investing, looked at a few sites that offer an investment service, and the growth seems very good, just wondered what the general opinion on here was.

Chrismaths

general opinion: Rubbish.

tom188

only if youve run out of sensible investments.

great dinner party discussion, but probably best forgotten about once you leave the table.

cheerfulcat

quentinfarquar wrote: »

A friend of mine has been asking me my thoughts on investing, looked at a few sites that offer an investment service, and the growth seems very good, just wondered what the general opinion on here was.

These " investment services " can be scams; your friend needs to be careful.

Wine can be and has been an excellent investment but ( IMHO ) you need a) a fair bit of money ( so as not to be invested all in one case ), b) a place to store it and c) a decent understanding of wine. There is an excellent article in Decanter magazine ( here ), and there is a first-class anti-scam site called investdrinks which is a must-read.

One final thing; wines, like most other assets right now, are possibly getting over-priced - the easy money has ( probably ) been made. So unless your friend is quite knowledgeable I would advise him or her to give it a miss and stick to conventional investments.

quentinfarquar

This was pretty much my view, there are far better ways he should invest his money, like a pot to p155 in, as he hasn't really got one of them.

Think his head was turned by the figures...

DawnW

I'm afraid I would drink it - not a good investment:rotfl:

Ian_W

DawnW wrote: »

I'm afraid I would drink it - not a good investment:rotfl:

Ah! The old wine into water argument.

My worry too! :beer:

greenface

I invest in wine most weekends the returns are plentyful