| Quote: | | | Originally Posted by monkeybusiness | | | | |
| hi,
sorry for the late reply. Never saw this post...lol
First of all, the scheme that I bought the wine is called "En Premier", which is something like buying futures, just that in this case, it is wine futures.
It is a guaranteed return offered by the company, at 18% for 18 months. After which the 18 months is due, the company will buy back the wines from me. There is a certificate given by the company that states that the company will buy back from the investor.
Next, the name of the wine i bought is called "Chateu Lafitte Rothschild 2006". I bought it at $960 per bottle, and I bought 6 bottles. So in total, it cost $5760. This is the amount that I invested in and I should be able to get it back in August next year when the 18 months is due.
This is my first purchase and first investment in wine. So, of course, I would like to start small at just the 5.7k amount. Initially, the wine broker recommended me a portfolio that is a 5-figure sum!!
In the meantime, while waiting for it to reach it's expiry, I am still reading on wine investments and wine appreciation matters...
http://www.decanter.com/
This is the website which I learnt from. Quite a nice read, but just that some of the stuff mentioned are probably too complex...haha | |
| | |
You can check out CrystalWines 2006 En Primeur prices here ->
http://www.crystalwines.com/EP/EP06/
You can pretty much buy the 2006 vintage from many merchants. It's not a great vintage to invest with in the first place that why it's so cheap. 2007 is another mediocre vintage and prices are expected to be same or even lower than the 2006.
Go talk to the major wine merchants like Crystals Wines, Vinum, Condale, Wine Culture and do a price check and inventory availability. You want to invest, do some research, dont invest blindly.
Good luck!
