It’s a spirit that’s in demand. Even the iconic James Bond likes to sip it. We’re talking about whisky.
This is a beverage that some people collect. For them, it’s an investment. It’s a form of investment like gold and real estate.
Good whisky can preserve and even increase in value. Now’s the perfect time to take on this investment opportunity. Read on to learn five investment tips that’ll help you get started.
1. Do Your Research
If you’re new to the world of whisky, it’s a good idea to do your research. You should get to know the terms related to this spirit.
Let’s start by defining what whisky is. It’s a distilled alcoholic beverage. Distillers can make whisky from various grains that are then aged in casks.
There are different ways to drink whisky, but you have to learn how to invest in it. This is a solid investment opportunity. You need to have discipline and have a clear goal.
This is an investment you have to hold on to for at least three years. It can also be longer, but if you stay on course, you can expect it to be worth the wait.
2. Look for a Reputable Seller
As part of your research, you should look for a reputable seller. You should find a trusted whisky merchant. The merchant should guide you through the process as you learn your way around.
A reputable seller will give the client a sample before buying a cask. Consider it a red flag if you meet with a merchant who offers lists and prices, but doesn’t let you sample the whisky.
You have to make sure the merchant you do business with has all the right licenses and paperwork to do business. The last thing you want is to be taken advantage of because you’re a newcomer.
3. Return on Investment
Next on the list of whisky investment tips is return on investment. How much can you expect as your average annual return on whisky? It’s around 10% for private investors.
To get higher returns, you can invest in an exceptional, rare whisky bottle. Think about the oldest bottles. In a matter of a couple of years, their value can skyrocket.
4. Invest in What You Can Afford
The idea of fetching greater returns sounds amazing. The thing is, you should only invest in what you can afford. Don’t start buying expensive whisky if you can’t afford to.
It’s best to start small. You can invest in one bottle and then work your way up as you get more capital.
5. How to Make an Investment
You should also know that there are several ways to invest in whisky. You can buy whisky bottles and store them. This is the easiest way to invest in whisky.
Investing in whisky barrels is another way. Some whisky distilleries sell their product in a cask. If you take this route, you can get full cask ownership.
Want to learn more about whisky investing? Click the link to learn how to collect whisky.
You Need to Know These Five Whisky Investment Tips
These are the five investment tips you need to know about to help you start investing in whisky. These investing tips will help you get the most out of your new investment opportunity. Here’s to happy collecting.
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