At a time when the only thing consistent in the stock market is volatility, investing in wine
offers you steady profit growth - with a more fun, tasty experience than your typical investment opportunity.
You can't buy a share of Google and have close friends over to drink some of it. You can, however, have good company over to taste your 1989 Bordeaux. David Sokolin, a highly respected wine merchant with years of experience, states that IGW ("Investment Grade Wines") should return between 10 and 12 percent annually. He also says that they will also do this with lower volatility compared to stocks and bonds. For example, from 2002-2007, Coca-Cola's stock (NYSE:KO
) went up 9.72%. If you were to buy a case of 2005 La Mission Haut Brion back in 2008 for $7,800, you might expect it to be valued at $30,000 in the year 2018, a 284.6% gain!
That's pretty impressive for a bunch of fermented grape juice.
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