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Why wine isn’t an investment
- staunch 17y agoMy father would also warn you that your teenage children may break into your wine cellar to take a taste of nearly every rare bottle (judging each one uniquely disgusting). This alone can cost you tens of thousands of dollars.
- whatusername 17y agoDid you (or your siblings) do that? How was the wine?
- keefe 17y agoPlus the medical bills from the beating you give them afterwards.
- c1sc0 17y agoWhich wines?
- llimllib 17y agoBy the way, Felix Salmon is a remarkably good writer to whom you should subscribe. I don't think he gets enough attention relative to how well he writes.
- charliesome 17y ago"Why wine isn't an investment" because you drink it?
- breck 17y agoThe 2 comments at the bottom are enlightening as well, and the second one is hilarious.
- Daniel_Newby 17y agoSecond comment: "I imagine the wine market did very well in the last 13 years as compared to the Russell 3000, but so did practically ever single other asset class, such as Hannah Montana concert tickets, iPhone fart application futures, and wood already on fire."
- hristov 17y agoThere is another problem with wine and that is that, contrary to popular belief, you cannot just hold wine in your cellar for as long as you want and have it appreciate in value. Wines usually have a good or perfect age beyond which their quality goes down. It is different for each wine, and it is complicated wine connoisseur stuff. So your old wines may reach a point where you have to either drink them or sell them ASAP or they will start deteriorating. So you may be forced to sell in a bad market. As such wine is even worse than art (which is another fun but dodgy investment).