Money can be multiplied in several ways. We can, for example, pay it to the bank for a deposit and patiently wait for the profit to be added slowly. We can also buy shares on the Warsaw Stock Exchange and nervously expect that their exchange rate will “jump” up, thanks to which we will earn or will fall because of which we will suffer a loss. There can be thousands of ways to invest, and it’s up to you how you decide. One of the recently very popular ways to multiply your financial resources is investing in wine. Of course, this is not about ordinary wine species. We are talking about top-notch wines and collector wines.
Wine banking or how to make money on wines
Investing in large-scale wine developed at the end of the 20th century. It was at that time that a market was opened in London, where you can trade wines. It works on similar terms as the stock exchange on which company auctions are sold, so we can buy or sell them there.
When it comes to investment wines, the most popular wines are Bordeaux-Medoc and Saint-Emilion. One should also mention the Burgundian wines, which are also becoming more and more popular in this respect. According to specialists, when talking about investments in wine, we should take into account at least 5 years, although of course there are “gems”, thanks to which we can earn a lot after a dozen or so months after the purchase.
How can you make money on wines? There are several ways to do this. First of all, we can invest in liquor, which is still in barrels. At 2-3 years before bottling, the first organoleptic evaluation is made and its price is “predicted”. Secondly, we can invest in liquor that is already spilled and is in special boxes. Thirdly, we can invest in one of the investment funds that invests money in wine.
How much can you earn in this way? As the results show, really a lot. For example, the Carruades de Lafite from 2003, rose from 200 pounds to a box of 3,200 pounds. And all within 5 years. Lafite Rotshschild wine from 1982, increased from 4,000 pounds to 38000 pounds. The possible profits here are enormous, and similar examples can be multiplied.
Other ways of earning on wines
You can earn money on wines not only by buying them in bulk or after spilling. For the owners of wine bottles, they must somehow secure them and store them properly. As a result, it is becoming more and more popular to build wine cellars. Sometimes, for this purpose, we do not have to build new buildings, and just adapt the existing room. It does not require large financial outlays, and the profits obtained may be more than satisfying.
People who have something to do with carpentry can carry out wine boxes or shelves where wine bottles will be stored. This can also be an interesting investment, significantly improving the resources of our bank account.
Fraud associated with investing in wine
The growing popularity of investment in wine has led to the appearance of many fraudsters whose intention is simply to steal money that was to be used to buy wine. They often exploit the ignorance of investors, especially those who are new to this market, and simply take out money from them and disappear. Therefore, if we are interested in investing in wine. Use only reputable brokers whose opinion is impeccable and very high. Thanks to this, we will be sure that for our money will actually be bought wines, and they will be spoofed.