While stock and bond markets remain volatile investors are once again looking elsewhere for potential financial gains.
An item on display at The Grosvenor House Art & Antiques Fair
Have you ever made an alternative investment such as art or antiques?
If so, what did you invest in and was it worthwhile? Would you do it again? Tell us your experiences.
I partly diversified by investing in wine in 2002. Some are doing OK according to the valuation I have been given and some are static. I use a wine guide to determine what I buy now.
You need to go for the best wines in the best vintages. Wine must be kept in bond. Counterfieting is a problem, thus you must buy from reputable sellers.
I suspect the resale market may not be that fluid. Agents look for commission to buy and sell. I have made a contact with a shop in St Emilion which has expressed an interest in my holdings should I decide to sell.
If the stock market drops, you might lose a lot of money. If the wine market drops you can have a darned good drink.
Ian McGlone, Edzell
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