June 7, 2007

How to Invest in Wine

We don't spend much time thinking about cellaring wine - doesn't really fit in with our mission statement. We guess the collecting might be fun, but it sure ain't cheap and the only real way to have fun with wine is to drink it. That being said, we understand why people get into it, and we found this interesting article on productdose that might make it easier if you decide to give it a shot. Plus, apparently fine wine prices are down a bit lately, according to the article.

Besides being able to drink your vino, there are financial incentives to buying wine. Wine makes sense as an option for diversifying your overall investment portfolio. High grade wines are less volatile as an investment than the stock market. According to Mahesh Kumar, author of Wine Investment for Portfolio Diversification, "There's a strong correlation between the economy and stock prices, whereas with fine wine prices, prices are uncorrelated with stock prices or bond prices. The only thing going to affect wine prices is a global recession - global being the key word there. We haven't experienced that for years. So we haven't seen a huge downturn in fine wine prices."

more at productdose

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