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Invest in wine?
I recently came across a website www.vinovest.co that invest in wine. Have any of you tried to do any wine investment online with this website or any other website? It take years for a bottle of wine to increase in value. So is it trustworthy to invest online? Although this website claimed that they actually buy physical wines and store it for investors in their winery. Would you guys prefer to invest in wine online or buy a bottle of wine and keep it and sell when its value increases?
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CommonSense Investor
19 Jul 2021
Certified Professional at Biotechnology and Gene Therapy Industry
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Assume it is legit.
No. Although the value of wine will increase, but who will buy? Maybe a niche market?
Is like pokemon cards, some cards can cost ten of thousand. But to most of us is just a card.
Prefer to invest in things that general public have the same perceived value. Real estate, stock, bond, gold.. etc
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Where is the free cash flow from the wine? Its just another currency hedge like rare metals and real estate without cash flow