Whisky Investment

sichef69

His an investment in Whisky a good move or not? 

Steve182

For me, not....hickup..hickup..

fwor

I suspect that, to get a meaningful reply, you will need to explain in a little more detail the nature of the investment.

To give two examples: One might be investing in the shares of a company that distils and sells whisky as a publicly listed company. Another might be a friend of a friend who is offering to sell you a crate of whisky that he has acquired from somewhere.

Both could be considered "investments", but their characteristics are very different.

jimpwarsop

If this is an investment where you buy whisky as advised by an "expert" and they arrange to store it and insure it on your behalf in a specialist storage facility.  Avoid it like the plague.

I assume you have been cold called?  Next time they call ask for a representative Malt and their price, then google the real price.

Whisky is a good investment, invest in the ones you like and buy an amount you expect to drink over the next 20 years.  I dont see it getting cheaper.

https://www.tesco.com/groceries/en-GB/products/256706597

scottiescott

There are thousands of people out there who are getting in to whisky collecting/investing as they see the possible returns. I follow many sites/pages on social media and every day there are multiple newbies looking for advice.
You  can get a decent return on the "right" bottles but you really need to do your homework. So many people are in to this now that its virtually impossible to acquire limited edition bottles as many are now only allocated by ballot.
I have been collecting/investing for over 25 years and have done well but its getting harder and harder. Maybe time to cash out and look for the next big thing. Like rum. 😁

Stubod

At least for an investment it is very liquid................I'll get my coat

jimjames

sichef69 said:

His an investment in Whisky a good move or not? 

Are you buying bottles to store? Or have you been cold called selling "whisky investment"?

tacpot12

It's a bad idea unless your retirement is fully provided for and you have an emergency fund, and you have some spare money that you don't mind losing. If all these things apply, go for it. 

DrSyn

If you are a expert on whiskey and have done your own homework on it, then perhaps. 
If you where cold call or saw those ads that tell you how wonderful an investment whiskey makes and how much profit you will end up with, then forget about it. The ones who make the profits, are the ones selling you the idea.
Its like the old gold rush days. The people that made the profit where the shopkeepers selling the equipment. It was rare for the prospectors to strike gold and make a profit unless they where very, very lucky.

steampowered

You don't need to invest in a weird and wonderful whisky investment scheme to get a good return!

The average return which has been generated by the stock markets over the past 10 years and over the past 50 years is about 7.5% per year. So, if you want a good return just put your money into a stock market tracker fund.

If you want a potential return higher than 7.5% per year and you are happy to accept that this comes with more risk, you could consider selecting individual shares. 

The potential reward of whisky/fine art/parking space type investment schemes is just not worth the risk. The potential return is no greater than with a standard stock investment, but there is a good chance of losing your entire investment. Lots of these companies have turned out to be scams or have simply gone bust in which case you would lose 100% of what you have invested. 

AnotherJoe

What Tacpot said, if you've filled up SIPPs / pensions, ISAs, emergency fund, kids ISAs, paid your mortgage off, it might be worth a small gamble though there are so many scams in this field i wouldnt touch it even if that was my position.