Lux Investing - investing in wine any ideas (total beginner)?

investing in wine any ideas (total beginner)?

Public Comments

red wine. i'm just starting getting into wine and find that i prefer red over white.
I will tell you my favorite.... Yellow tail Shiraz. It is a red wine that isnt tooo dry. I love it. yellowtail has a nice variety. Just stay away from the wine in a box!
Yeah, start with the reds. I'm by no means an expert. But the most common are Cabernets and Merlots, I also like Pinot Noirs a lot. Cabernets are a little dryer, merlots a little sweeter. You can find some good brands for around 10-12 bucks I would reccomend Kenwood and Clois Du Bois (I'm sure I spelled it wrong). But just try different wines until you find one or two you really like then once you know what type of wine you like you can try finding more expensive bottles to collect. Also wine tasting trips are good for sampling several different kinds at once.
First, you should invest in a storage method. You can buy a wine refrigerator - a 30 bottles fridge may cost $250-350 and well worth the money. Think bigger - if you plans on 30 bottles, buy a fridge with 60 capacity, etc. I ended up with 4 refrigerators in my life. Second, start with red wine if you like red wine. White wine has shorter shelf life and will not last as long. Red tend to keep longer and are more resiliant to the changes in temperature, etc. Third, choose a good variety of wine at good variety of price. Cabernet Sauvignon and Merlot are easiest to find and easy to keep; may also try Syrah and Zinfandel; Pinot Noir is more difficult to keep and should be avoided. Start with medium priced wine such as $20-30 and pick a couple of more expensive, in $30-50. Good ones to pick include Robert Mondavi ($25 Cab or Merlot), Rosenblum ($15-25, Zinfandel or Petit Syrah), Markham ($25 Cab or Merlot), Flora Spring ($15-20, Cab or Merlot), Dry Creek ($15-20, Cab or Merlot), Caymus Cab ($50), Joseph Phelp (Cab $45, Syrah $35). 4. Hold the temptation to open the wine. Keep them at least 6-12 months. Also buy in pair - at least 2 bottles of each, so you can try one bottle in 6 month and another in 12 month to see the difference. 5. Read about wine collection. Also read Wine for Dummies and Idiots Guide to Wines
If you are, as you say, a total beginner with wines, then I would suggest waiting to invest in any wines until you've invested some time in learning more about it, especially if you've been caught up in the imagery and fantasies surrounding some of the things you hear and read in movies and books. Wine is a delightful substance, but if you don't know what you're getting into there are people out there who will milk you for every dime they can, selling you some cheap swill and saying it's a fine, aged Bordeaux or some such similar brand. Read up on the subject, go to wine tastings, get friends who share your interest to participate in wine parties. Once you have a better idea of what's involved, THEN look at buying the wine vault(s) and start stocking them, not before.
Yes, I have an idea. . Don't. Seriously, you are a total beginner and you hope to make money by investing in something you know nothing about. Does that sound like a good idea? There are plenty of companies that will take money off you by helping you to invest -- see http://www.investdrinks.org/ before you do anything else. To make money investing in wine either be such an expert you can see what wines will seriousy increase in value after you purchase them - and you have slim chance of that as there are plenty of experts around already trying to do the same. The other way is to buy cast iron certainties, basically that means 1st growth clarets. Their price will rise as there is a very limited amount available. How much depends on how the vintage develops. Buy cases of the following Bordeaux reds (clarets) Château Lafite-Rothschild Château Latour Château Margaux Château Haut-Brion Château Mouton Rothschild and you shouldn't lose money when you sell. You need to have them stored properly and that means paying for proper commercial wine storage. You need to keep a paper trail of where/when you purchased them and where you stored them, because provenence is all when selling. Their are many other wines that people invest in, but as a total beginner the above 5 are the safest bet.