Irish whiskey investment?

[Monsterxyz123]

Hi what are peoples opinion on investments in irish whiskey? Either bottles or casks at primary and secondary markets? What are peoples predictions for the future?

 

[jpd]

a very liquid investment

 

[Monsterxyz123]

a very liquid investment

Is it though?

 

[Brendan Burgess]

These alternative investments like wine and whiskey and art have very high transaction and storage costs.

1) You pay a premium price for them to a dealer.
2) You pay for storage or risk holding onto it yourself and it gets damaged
3) You pay a commission to sell them.

If you enjoy drinking whiskey or wine or if you enjoy art, buy them for the enjoyment, but don't try to make money from them.

You can get rich slowly investing in a diversified portfolio of shares.

Brendan

 

[ClubMan]

Is it though?

Whoooosh.....

 

[Horatio]

Brendan hit the nails on the head: Storage, transport, insurance, transaction costs. I wouldn't invest in whisky or wine or any such. They're hobbies not real investments IMO.

 

[michaelm]

What are peoples predictions for the future?

That bottled whiskey bought today will be worth no more, in real terms, in 20 years, than it is today . . and taste no different either. Or as Paul Gascoigne says, "I never make predictions, and I never will".