June 7, 2007
How to Invest in Wine
ProductDose has an interesting article about investing in wine. Although I love wine, I've never really looked at it as an investment, and the article really got me thinking. Here's what really caught my eye:
The London International Vintners Exchange (Liv-Ex), an electronic trading platform for fine wine launched in 2000, has an index called the Liv-Ex 100 that tracks the prices of 100 wines. The index rose 18% in 2005, and 34.9% year-over-year as of May 2007, beating the S&P's, Dow's, and NASDAQ's return over the same period of 20.5%, 22%, and 19.5% respectively.
You can read the whole article HERE.
Posted by Ghostshark under Money,Wine | Comments (0)