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Whisky Investment
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Anyone contemplating taking this seriously should do some research on the Fine Wine Scams that were very popular a few years ago. The patter of a couple of ads that I've seen promising 15% returns (oh! one promises 20%! that must be better!) could almost have been copied from a glossy Fine Wine brochure. Certainly if you are going to send a huge cheque to a self-proclaimed expert, you will not see your money again. If you know a market where you can buy and sell in small amounts, it might work for you, or it might not, but you should start with small amounts before considering playing with investment-sized sums.
You might also like to research Diageo and Pernod Ricard shares. That, imho, is the easiest way to get into and, when the time comes, out of investing in whisky. There is a ready, easily accessible market for trading in company shares. If I had a bottle of whisky that an "expert" told me was worth £00s, I would not know the first thing about how to trade it in.4 -
I've got a nice bottle of Port Ellen that's worth about 10x what I paid for it (15 years ago). Puts me right off opening it because I don't think I could possibly give a £2500 bottle of whisky the appreciation it deserves.
it wasn't bought as an investment by the way, but seems to have ended up there by default...2 -
sichef69 said:His an investment in Whisky a good move or not?Remember the saying: if it looks too good to be true it almost certainly is.0
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It might be if you have a great deal of understanding of the whisky market - perhaps if you've worked in the industry and have the knowledge to seek out your own bottles. But to be honest, if you had that level of knowledge you probably wouldn't feel that you had to ask random people on the Internet whether it was a good idea.
If someone is trying to sell you whisky as an investment promising that it is going to go up in price then you should run a mile. It sounds just like the classic "fine wine" investment scam where the "fine wine" is actually nondescript plonk of no particular investment value, sold at a massive markup to people who don't know any better.2 -
jimjames said:sichef69 said:His an investment in Whisky a good move or not?
If I was to grumble about anything it's the fact that, if you google "Whisky Investment", at the top of the search results will be a handful of ads placed and paid for by people peddling these whisky investment scams. In a sensible world, it would take some basic standards of decency rather than just money alone to join google's adwords schemes.3 -
Slightly off track, but a couple of friend and i have done pretty well over the years. However, of the four of us, two have worked in the industry, another has family ties to the industry, and the other is a banker. In ten years we have purchased on average 2 or 3 bottles a year, and we reallty only target 6 distilleries. We have a target list, which means we can go long period with buying anything, although conversly we bought four bottles from a private collection a couple of year back off market.To be honest, for us quite a lot of the fun is actually tracking the bottles down, rather than the return. The money all goes back into the pot anyway!One thing I would say. If you dont know what you are doing, stay well clear. The amount of fakes on the market now appears up ten fold, as opposed to say, 20 years ago. I've seen one of the best auction houses out there nearly tricked by a very convincing Ardbeg.
Total - £340.00
wins : £7.50 Virgin Vouchers, Nikon Coolpixs S550 x 2, I-Tunes Vouchers, £5 Esprit Voucher, Big Snap 2 (x2), Alaska Seafood book3 -
As in any investment, be aware of potential losses.
The last time I bought into whisky, I lost 3 days.5 -
SoftCentaur said:As in any investment, be aware of potential losses.
The last time I bought into whisky, I lost 3 days.I'm writing a book on plagiarism. It wasn't my idea.0
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