Compare Investments before Investing in Wine
Why It is Important to Compare Investments before Investing in Wine
Today, investors interested in investing in wine have more opportunities than ever. Investment options abound, from small-scale ones for independent investors to large-scale ones for investment groups. That said, not all wine investments featured prove to be worth your while.
Investing in Wine A Brief Introduction
People have been investing in wine for centuries. One can probably say that wine investments have been some of the first alternative investments to appear. And while the basics of a wine investment have remained largely unchanged during the years buy bottles from a producer, mature the wine in a cellar, sell it some years later for a good price investments today entail much more.
First you need to be aware of your buying options. If you live in the UK, you can buy fine wine in bond and avoid paying VAT. But securing excellent bottles at a good price is just the start. Since the best wine for investments is produced in France, Spain, and Italy, you need to handle the transportation of the bottles, which is by no means simple. Then there is the storing part ñ to reach its full potential fine wine needs to mature while in an ideal environment, i.e. a climatically controlled storehouse. And storing your wine in such a storehouse on your own may not be economically viable.
You Need to Compare Investments
Because investing in wine entails much more than say investing in property, you need to compare investments carefully before acting. If you decide to invest through a fund, it is not enough to learn that the fund guarantees you a high return on investment. You need to check whether the wine is bought on your name, the bottles are insured during transport and stored properly, and many other things.When investing in wine, make sure you compare investments, not only in terms of returns, but also in terms of the reputation of the group through which you are investing in.
As in all things, when purchasing fine wines for investment, advice should be sought from experts.
Choosing the best wine investment can be difficult, so careful consideration is crucial. Your questions on the best wine investments will be answered by our industry experts, free of charge.
Best Wine Investments for 2018
- How much do you have to invest?
- How long do you want to invest for?
- When do you require a return on investment?
To help you through the multitude of choices, enter your details below and let the Compare The Financial Markets experts find the best wine investment for you.