Investing in wine/whiskey/cigars

[JonnyO]

So I am thinking of getting into the market for wine whiskey or cigar investment. Has anyone got any experience with it? Is it worth my while? I here whiskey is a great market at the moment and relatively safe?

[ValeTudoGuy]

Those items are all for consumption and enjoyment. IMO

[Krist]

Those items are all for consumption and enjoyment. IMO

I 100% agree, my investment is for pleasure rather than financial.

As a business owner and person who is always in the market to make money, it really doesn't make business sense to invest for that reason, I have absolutely considered it, however in order for it to be a real investment you need REAL money, that which I don't have, and I'm happy investing quite a few 000s on a venture. It doesn't make business sense to me to go down that route, I think you would need 100s of thousands to make proper money.

i plan on investing a comfortable amount aging my cigars then swapping with members here.

[Pseudonym]

Those items are all for consumption and enjoyment. IMO

Cannot agree more. I don't have a whisky collection. Just a long drinking queue.

[tommy]

I would say that it's only worth doing if you are gaining enjoyment from it. Wine is probably the highest risk of these ventures but companies like Berry a brothers have bonded warehouses and can walk you through the process. All I have is some port from my kids birth years and a ton of cigars. The wine, port and whisky I have is all for drinking, it's just a question of when. The cigars I have are all to smoke, cigar investment is fun but it's hard to tell what will be fashionable in 20+ years and therefore what commands high prices. Essentially it could be fun to invest in some cases of booze but it's risky. Buy stuff that you personally would enjoy drinking and try storing it yourself for future enjoyment. If you open a bottle from a cache you have aged and don't like it you can always auction it off and hope for some profit. If I were to invest in wine I would wait for a good year and buy a load of Penfolds Reds. Penfolds RWT is a mid level red which ages well, wait for a critically acclaimed vintage and care for what you buy properly and it should be worth more after 10-20 years. That's not always the case though, I recently won a load of Penfolds St Henr? at about ?28 per bottle which is less than its new retail. It was cheap because the year wasn't considered good but for me as the buyer it's great value, I have some bottles of wine that are far superior to anything I can buy off the shelf for under ?80 per bottle. My point is that sometimes the wine can devalue if it's not well critiqued.
That's a lot of waffle, it means do it for fun, you might make a ton of cash or lose some.

[Scott]

I have been having a little chat with myself about investment. To be honest my cigars are for smoking but I wouldn't mind putting away one or two boxes for investment purposes.

Wines and spirits, I would not like to sit on a bottle of any kind for years and never get the chance to drink it and see how it has matured, so I think the best option is to buy one or two bottles of each, then you can drink one and save on.

A financial adviser friend said to me ?never put all your eggs in one basket, pay into your pension, buy property, buy gold or silver, pay into your ICA? and so on.

So yes put some away but don?t forget to enjoy some as well! You have worked hard to buy those ?finer things in life? so enjoy them but also prepare for the future.

[TonyN]

Anyone with a bit of cash in the bank can invest into anything they like, but in my opinion before making such a move
surely you must have some knowledge about it wether it's wine spirits etc.

[Scott]

Anyone with a bit of cash in the bank can invest into anything they like, but in my opinion before making such a move
surely you must have some knowledge about it wether it's wine spirits etc.

Oh yes completely agree, but with the knowledge only a left click away, it’s easy enough to gain that information.

[Scott]

So I am thinking of getting into the market for wine whiskey or cigar investment. Has anyone got any experience with it? Is it worth my while? I here whiskey is a great market at the moment and relatively safe?

Have a quick took at these.

https://www.youtube.com/watch?v=ISwMQPi0xNs

https://www.youtube.com/watch?v=iO2CYZSkFmg

[TonyN]

I don't think it's the same scott just my opinion on this one, other members might agree or disagree with me
you need expirience before setting out and making such a move.

[JonnyO]

Anyone with a bit of cash in the bank can invest into anything they like, but in my opinion before making such a move
surely you must have some knowledge about it wether it's wine spirits etc.

Agree with this whole heartedly. I work in finance and investment so I would be used to looking at portfolios etc, but I agree I would need to look into the actual specific commodity further to understand it.

[Scott]

I don't think it's the same scott just my opinion on this one, other members might agree or disagree with me
you need expirience before setting out and making such a move.

I'm not saying collecting information on-line is the one and only way of gaining knowledge, but it?s a very good way to start, Eg there are no clubs to offer advice for investing in precious metals, so one of the only ways to learn about buying and selling is to read both on-line and in books!

[TheMonk]

I've acquired a reasonable Single Malt collection over the years, not with the intention of reselling later on, but because I really like my Single Malts, and certain bottles are only available for a short period of time. As far as investments go, there are certainly worse ones - my Lagavulin 30YO bottle cost me around ?350 about ten years ago, and I've seen it sell for over 2.000? more then a couple of times. Still, most bottles don't skyrocket in value like this one, some can even depreciate.