We all would like to see some nice profits when we invest, but we also know that it is easier said than done. Especially now with the current financial crisis in the US and with the dollar which is doing great, Uhmm.
So many questions; where should I invest in, what’s the best way to invest money, what are the investing tools that I should use, should I invest smart or more gutsy, should I invest in gold or maybe in oil?
What I have learned from investing money is; figure out what is for you the best way to invest money, invest smart and try to discover new ways of investing.
This weekend I saw a documentary about investing in Whiskey which I thought was pretty amazing. I’m a wine lover and I already knew that investing in wine is a good alternative if you don’t want to invest in the normal stock market. I don’t know why it didn’t happen for me, all I did with wine is drink it.
This documentary showed a good example of a smart way to invest your money.
The schottische distillery Ardbeg doesn’t have any old Scotch whisky barrels left in there stock. If you wanted a 17 year old Ardberg in February 2005 you could still buy it at the better liquor store. You would than pay for a bottle about $75. Which isn’t bad considering the current price for a bottle is $198 (November 2007). This is an increase of 249,6% in 30 months!!
On November 9 2007 the World Whisky Index is opened by former Dutch Minister of finances mister Gerrit Zalm. Not every part of the site is translated in English but they are working on it; I did register myself for the English newsletter though. Since the opening two days ago they already have an order portfolio of $750.000 which is pretty amazing to me seen that this only happened over the weekend and with bottles in the average price range between $400 – $1000.
You can have your whisky stored at home (with the risk that you drink it) or you can leave it insured and stored at the WWI. All bottles that you buy have an official document that they are approved and granted by the WWI and are shipped or stored with and official WWI certification mark. If you decide to sell your bottles than they first need to be certified and approved by the WWI.
One thing they’ve also mentioned is that; investing in whiskey is surprisingly popular among Japanese, Chinese and Russians.
Another great thing about investing in Wine or Whiskey is that when your share becomes worthless you still have a great bottle of booze;).
I’m going to do this, ill post my findings on this blog. If you are also investing in whiskey and/or wine let me know and if you want you can guest write on this blog. Good luck to all of you, let’s make some money!!
Hey this is a great idea. im looking into it and it seems like a good idea. it would nice to get more info on this im looking on the net for info also.
we’ll keep each other uptodate okay?
im interested in this investment to..can u send me an email and tell me more details, and straight to the subject?
thanks
Message Good news boys, I have just bought a 240 litre barrel of whiskey from a Distillery in Australia, the day i bought the barrel i recieved a certificate of ownership and a signed offer from the distillery to buy back my barrel when it reaches 5 years of age for the distillery to blend Or in 10 years the offer is for $19,540.00 this is not a bad return as the purchae price was $4,620.00 The barrel is stored in a government registered bond store in Australia or i can store it in their bond store in Singapore. I bought this as part of my investment portfolio for the future. Looks good as the barrels are fully insured in the bond stores or they can be taken home if I prefer for storage looks safe to me and the return is much better than the stock market.