As wine investing has become more and more rewarding in recent years, due to the high profits that fine wine can bring, new wine investment trusts have been established, especially in the UK. Many wine collectors have flocked to invest in them, and right now there are many such trusts that thrive. But are they any good for a new investor?
Investing in a Trust
A simple answer would be that yes, they are worth investing in, especially if you want to invest in wine for the first time. These trusts usually have experts who can ensure that your money is well spent. They know what fine wines represent the best investment and have all the connections required to sell them. But this expertise comes at a cost, and you’ll have to support it. If you do, then wine investment trusts will reduce your risks and guarantee a profit in the long term, Compare The Financial Markets leaders in fine Wine investments.
Surely you can make more money from wine investing if you work independently, without the intermediary. But to make money with fine wines you need to know about bottles, auctions, sellers, buyers, and markets. To learn all that you need you must deal with people who know about wines, such as sommeliers, winemakers, wine sellers, and connoisseurs. When you first start investing in wine it’s unlikely that you have these connections, unless you’re already an oenophile.
In conclusion, wine investment trusts are a good solution if you’re a first time investor. They minimise your risks and frankly don’t ask much from you except to put down the money. In time, as you accumulate experience in wine dealing you will be able to invest independently.
As in all things, when purchasing fine wines for investment, advice should be sought from experts.
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