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Author Topic: Are wines BAD investment?  (Read 2452 times)
Tommy
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« on: September 14, 2007, 05:21:16 PM »
Apparently, wine investing isn't as lucrative as purported. Especially when economists say they are not good investments. (more than one to boot!)

Or I am totally wrong in making that conclusion? Decide for yourself:

http://practicaleconomics.blogspot.com/2007/09/are-wines-good-investments.html

Also, vintage seems to be totally useless nowadays. (see article for a piece of research regarding vintages)
« Last Edit: September 15, 2007, 01:44:14 AM by Tommy » Logged
LaTache
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« Reply #1 on: September 20, 2007, 04:47:33 AM »
Hmm... nice analysis from an economist. Maybe it's not very fair to the wines. Is there any analysis from wine collectors? or just ask people in the fine wine trade why their wines are always more expensive...

My opinion if you wants to invest or know more about wine investment, seek advise from someone who is passionate about wines. Ask him/her more about wines, rather than the potential upside.

http://vicentewine.blogspot.com/2007_07_01_archive.html
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Tommy
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« Reply #2 on: September 20, 2007, 01:39:42 PM »
Quote from: LaTache on September 20, 2007, 04:47:33 AM
Hmm... nice analysis from an economist. Maybe it's not very fair to the wines. Is there any analysis from wine collectors? or just ask people in the fine wine trade why their wines are always more expensive...

Economists can be one of the best people to ask for investment advice because they tend to be very objective. And economists tend to rely on practical data instead of popular opinions, which makes its easy to avoid a "war of opinions" since the focus is on analyzing information instead of arguing who is saying the right thing.

But my article does not conclude that wines are bad investments. (the thread title is just to grab attention) There seems to be too little economic research regarding wine investing to come to any definitive conclusion at the moment. Also, i have not looked at the potential profit from speculation or having specialized knowledge (people like you).

The overall message is that wine investing is not "free money" and clueless investors should not jump into it; a message which i think that, given your training and expertise, even you will agree!

Quote from: LaTache on September 20, 2007, 04:47:33 AM
My opinion if you wants to invest or know more about wine investment, seek advise from someone who is passionate about wines. Ask him/her more about wines, rather than the potential upside.

http://vicentewine.blogspot.com/2007_07_01_archive.html

Nice website. Can see that you're very passionate in wine investing man!
« Last Edit: October 10, 2007, 04:58:29 PM by Tommy » Logged
LaTache
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« Reply #3 on: September 22, 2007, 05:35:37 AM »
Yup there is never 'free money' and I believe those who really care about the investments will benefit rather than being lazy about the whole process and leave the entire trust and management of their money to the broker or consultant. That applies to any kind of investments in the world isn't it.
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enxiii
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« Reply #4 on: September 24, 2007, 03:38:34 AM »
Well i wouldn't say that they're bad, after having seen returns after 18 months.

First investment was done Feb 05, and 8% returns received last year.

Have then invested more.
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LaTache
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« Reply #5 on: September 24, 2007, 10:42:04 AM »
Oh gosh its only 8%? If you need help on what wines can perform more than that you can pm me for more details.
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enxiii
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« Reply #6 on: September 25, 2007, 02:06:33 AM »
Yes, that was my first batch of Australian wine to 'test water'. I wanted short holding periods.
I held on to that batch for only 12 months (or is it 15) although initial contract stated 18.

Have then invested in French wine/ En primeur with slightly longer holding periods, higher returns.
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LaTache
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« Reply #7 on: September 25, 2007, 07:49:57 AM »
So since you have invested both new and old worlds, can you tell us about the difference and the pros and cons of Australian and French wines.
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Tommy
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« Reply #8 on: September 28, 2007, 02:08:00 PM »
Quote from: enxiii on September 24, 2007, 03:38:34 AM
Well i wouldn't say that they're bad, after having seen returns after 18 months.

First investment was done Feb 05, and 8% returns received last year.

Have then invested more.


I don't think just one investment over 18 months is enough to tell if wine investment is good or bad.
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AlphaDude
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« Reply #9 on: October 09, 2007, 09:17:23 AM »
Quote from: Tommy on September 20, 2007, 01:39:42 PM
Economists are actually the best people to ask for investment advice because they tend to be very objective: if it works they will say it works, if it doesn't they will say it doesn't.

Hmmm...I'm trained as an economist, but still, I'm not the best person to ask for investment advice! LOL

Anyway, to answer you question if wines are good investments, I'd say yes-- if you're using them to serve to people you are socialising and networking with. If you asked me, wine should be drunk, not hoarded!

Cheesy
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Roy Phang K H
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Tommy
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« Reply #10 on: October 10, 2007, 04:57:17 PM »
Quote from: AlphaDude on October 09, 2007, 09:17:23 AM
Hmmm...I'm trained as an economist, but still, I'm not the best person to ask for investment advice! LOL

Anyway, to answer you question if wines are good investments, I'd say yes-- if you're using them to serve to people you are socialising and networking with. If you asked me, wine should be drunk, not hoarded!

Cheesy

Maybe my statement was too strong...
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edward
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« Reply #11 on: October 16, 2007, 06:24:04 AM »
In the world nowaday even paper are consider a good investment item if you know how to manage what you want.
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Lyemingkhai
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« Reply #12 on: September 03, 2008, 05:09:52 AM »
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