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Thursday, September 25, 2008

Everybody is talking about it.

The economic crises in the States is reaching new levels of "Oh my God!" daily. And,...everybody is talking about it,...its everywhere, you would think we would be safe from the negativity of the economy in our wine,...and it turns out we are,...ahahahaha, take that Lehman Brothers.

With the financial markets in turmoil, investors are turning to the good stuff,...vino my friends. London's most famous wine merchant, Berry Bros. & Rudd (BBR), has had a killer week, one of its best in over 310 years. Turns out it has sold $112 million in wine since April,...ka ching! More investors are turning to investment wines. To all of you who haven't read it yet,...read: "Wine Investment for Portfolio Diversification". In that book, Mahesh Kumar (author), talks about how to invest in what he calls the "Fine Wine Index". Making money off what I love, sounds like recipe for awesome!

Prices of some of the best vintages have increased by up to 50% since the start of last year, unlike the market, which has decreased 15%.

So,...what's the moral of the story? Buy good wine, if you fall on your ass out of bankruptcy you can always sell it,...or if you make a ton of cash selling short on the market or buying real estate on the cheap, ...you can always drink it.

Click here for the article in Business Week.

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