Whisky Investment

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MRG
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Whisky Investment

Post by MRG » Sat Jan 16, 2021 1:14 pm

Do any of you own any Whisky casks? I’ve just been reading an article suggesting great returns on purchasing shares in barrelled whiskys

Rowls
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Re: Whisky Investment

Post by Rowls » Sat Jan 16, 2021 1:26 pm

A very fashionable investment right now.

Don't follow the crowd - you won't make any money.

To make a return on investments you need to have something rare. Whiskey is now being touted as an investment which means the people who are going to make the money are those who are doing the touting/producing.
These 4 users liked this post: fatboy47 Peter Loo Boss Hogg tim_noone

Rowls
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Re: Whisky Investment

Post by Rowls » Sat Jan 16, 2021 1:26 pm

Buy it if you like the whiskey and/or can afford to make zero return on said investment.

Peter Loo
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Re: Whisky Investment

Post by Peter Loo » Sat Jan 16, 2021 1:30 pm

Rowls wrote:
Sat Jan 16, 2021 1:26 pm
A very fashionable investment right now.

Don't follow the crowd - you won't make any money.

To make a return on investments you need to have something rare. Whiskey is now being touted as an investment which means the people who are going to make the money are those who are doing the touting/producing.
Yes an just remember the old adage of "if it sounds to good to be true it probably is".

aggi
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Re: Whisky Investment

Post by aggi » Sat Jan 16, 2021 1:31 pm

Bear in mind that there are lots of additional costs as well as the original purchase. Storage costs, bottling, significant taxes and duty when it's bottled, etc

Rowls
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Re: Whisky Investment

Post by Rowls » Sat Jan 16, 2021 1:37 pm

** I ought to add a qualifier:

I advised a friend against buying lots and lots of bitcoin about a decade ago. They went ahead and bought lots and lots. I bought none.

It's a risk. Nobody can accurately predict the future all of the time.

Lowbankclaret
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Re: Whisky Investment

Post by Lowbankclaret » Sat Jan 16, 2021 5:08 pm

MRG wrote:
Sat Jan 16, 2021 1:14 pm
Do any of you own any Whisky casks? I’ve just been reading an article suggesting great returns on purchasing shares in barrelled whiskys
What return are you looking to get and over how long?

Vegas Claret
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Re: Whisky Investment

Post by Vegas Claret » Sat Jan 16, 2021 5:11 pm

Lowbankclaret wrote:
Sat Jan 16, 2021 5:08 pm
What return are you looking to get and over how long?
as much as he can as quickly as possible :D

MRG
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Re: Whisky Investment

Post by MRG » Sat Jan 16, 2021 5:51 pm

This is purely curiosity, nothing more

Lowbankclaret
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Re: Whisky Investment

Post by Lowbankclaret » Sat Jan 16, 2021 6:34 pm

Vegas Claret wrote:
Sat Jan 16, 2021 5:11 pm
as much as he can as quickly as possible :D
In that case, National Lottery or the bookies.

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