Reuters notes that the Wine Spectator Auction Index is at an all-time high, and suggests now is the time to invest in wine.
Returns can be plentiful if you know what to invest in. Perhaps it’s time to put the cork back in the bottle and turn your hobby into a worthwhile investment.
This reminds me of a friend of mine, a methodical saver who put money into the market every month, who stopped investing when the market crashed a couple of years ago. That he could suddenly buy more stock for the same amount of money scared him to death, so he sat on the sidelines until the market recovered, and then he put his money back in — ending up with less than he would have had had he continued his methodical investing.
So, by all means: buy wine as in investment now. Buy when the market is at record highs, because there’s nowhere to go but up, right? The Chinese wine bubble is going to last forever. You’re going to be rich, I tell you, rich!
Also, does anyone know if there’s a way to short the wine market? Because I’m thinking that would be the way to go.