Investing in maturing Whisky

RomfordNavy

Does anyone have any experience of investing in maturing whisky?

The only broker I have found that does this is whiskeyinvestdirect but their dealing charges of 3.5% (in + out) is a serious impediment to investing through them.

Terry_Towelling

I have no experience of investing in alcohol but I do have experience in credit card disputes (albeit quite a while ago) and during that time there were many instances of wine and whisky investments that were either fraudulent or involved companies that became insolvent or that sold investments in products that simply weren't of the standard described and were never going to realise a profit on maturity.

To keep your options as open as possible it may be a good idea to keep individual investments below £30K and to use a credit card (if permitted) to fund at least part of the investment if you do decide to go ahead. This may afford you a degree of protection against loss under S75 of the CCA if the company involved misrepresents or breaches the contract you hold with them.

Beyond that, keep scrupulous records and make sure you know exactly where your whisky is being stored and by whom and that you know what sort of taxes/duties might be payable as and when your investment matures or you decide to sell it.

markj113

whiskeyinvestdirect is the same company behind coininvest the bullion dealer:


https://www.coininvest.com/en/


They are well established and trusted.

JulieM

Terry_Towelling wrote: »

I have no experience of investing in alcohol but I do have experience in credit card disputes (albeit quite a while ago) and during that time there were many instances of wine and whisky investments that were either fraudulent or involved companies that became insolvent or that sold investments in products that simply weren't of the standard described and were never going to realise a profit on maturity.

To keep your options as open as possible it may be a good idea to keep individual investments below £30K and to use a credit card (if permitted) to fund at least part of the investment if you do decide to go ahead. This may afford you a degree of protection against loss under S75 of the CCA if the company involved misrepresents or breaches the contract you hold with them.

Beyond that, keep scrupulous records and make sure you know exactly where your whisky is being stored and by whom and that you know what sort of taxes/duties might be payable as and when your investment matures or you decide to sell it.

My husband invested in 2 barrels of whisky about 20 years ago in a company which subsequently became insolvent. Even though he had certificates of ownership and knew where the barrels were stored he'd given up all hope of ever selling it, let alone making any profit. However, after reading this year that there was a demand for whisky, he contacted an auctioneer who was able to sell it on his behalf and ended up with a very good price for it.

Alexland

I would worry about the liquidity...

Terry_Towelling

JulieM wrote: »

My husband invested in 2 barrels of whisky about 20 years ago in a company which subsequently became insolvent. Even though he had certificates of ownership and knew where the barrels were stored he'd given up all hope of ever selling it, let alone making any profit. However, after reading this year that there was a demand for whisky, he contacted an auctioneer who was able to sell it on his behalf and ended up with a very good price for it.

Result!

Alexland wrote: »

I would worry about the liquidity...

...global warming should help with that but could mean the angels get a slightly bigger share...

coyrls

Ignoring whether it would be a good investment or not, you can purchase casks directly from a distillery, e.g. https://www.arranwhisky.com/our-distillery/buy-a-whisky-cask

Wildsound

You could buy limited edition bottles of well known brands. I know a guy who bought a bottle of Johnie Walker ((insert rare colour which I can't remember)) label for something like £200 and was able to sell it on a few years later for a few thousand £