Many people decide to collect fine wine as a hobby more than to make an investment; but what if this hobby became a very smart way of making quick legitimate easy money? Well it could well do, in fact there are many prestigious people doing just this.
So if you have fine wine in your cellar not doing anything, why not get a value for it? It might be something that was passed down through generations – it may be dusty and old and passed its drinking window, but it’s always worth giving it a shot.
Who invests in fine wine and why?
Generally it used to be only “hobby investors” that would decide to invest in fine wine – this way they’re buying something that, if it does not turn out to be successful, is still a collectible item that holds sentimental and aesthetic value.
However, this is all changing now – fine wine is turning out to be more and more popular and the success rate in a fine wine investment is improving rapidly. If you’re looking for a challenge, a new hobby or just an exciting way to make some money whilst learning about an intriguing and historical industry, it might be well worth investing yourself.
Wine investment in america
Some of America’s most affluent investors are now taking up fine wine investments. If the wine doesn’t rise in value straight away, at some point it will – investors are able to wait it out, and in the meantime the wine becomes something of a trademark of theirs.
The importance of trademarks
What is meant by ‘trademark’ is that investors are able to add the wine to their portfolio in an effort to showcase their works and really create a unique selling point. Having investments that are considered as “hobby investments” can prove to be a real advantage when making a portfolio. You, as an investor, will come across as original and a breath of fresh air in the investing business – in fact up to 8% of investors include a hobby investment in their portfolio. This will mean you’ll be much more approachable for other investors in the near future.
What it can mean for you…
Fine wine is increasing in value all the time and is becoming more and more successful each and every day. Consequently, this means you will most likely be getting much more than just a collectible – you’re more likely to be gaining something of great value.