The Smart Way To Invest In Wine
Some of us don’t only want to spend your days collecting wine and making no profit off f it. While some of us don’t mind not making a profit – we’re fine with our wine-collecting hobby. Still, you want to know that the wine you have filled you cellar with is a good choice and the good quality of your storage area is undeniable. We can give you some great tips that you can use to help you make a good investment in wine, but you need to do your research: • Know that there aren’t many types of wines that end up being good investments. Only the really good wines have the potential to appreciate in value, so get to know which ones they are. • They’re most likely those that come from certain areas in France (like Bordeaux and Rhône), certain areas in Italy (like Tuscany) and certain areas in California. You also need to be ready for expenses: • You need to budget. No matter how tempting, never invest more than you can afford to lose. • Try spending about $500 for a vintage bottle and $15,000 for your collection. • Consider proper storage. This is of utmost importance! You don’t want to lose a fortune because of improper storage. Invest in your own wine cellar or look into getting a wine storage company, like ours, to help you store your wine properly. You should know that after you’ve invested in the wine, it would take at least 5 or more years before it is ready to be sold, so be prepared. Do your research and see which the best options for you are. We’ve also got a very attractive option for you. If you are looking for professional grade wine storage for your wine collection then give us a call to discuss the climate controlled and secure wine storage options we have available to keep your fine wines safely stored in our wine storage facility in New Jersey.