Wine a worthwhile investment
Vintages become the new portfolio must-have.
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While many people enjoy fine wine for it’s taste, texture, and even aroma, The Globe Investor has revealed that connoisseurs may have another reason to appreciate the beverage — its marketplace performance has outshined a number of other financial assets.
During the economic downturn of 2007-2009, when a number of commodities saw their values plummet, the general wine index fell just 17%. The Russell Index, which tracks the growth of America’s 3,000 largest companies, lost 47% during the same period.
Including vintages in your investment portfolio has the advantage of both increasing returns and reducing risks. As of 2009, a bottle of 1982 Lafitte-Rothschild sold for $2,586, giving it an average annual return of 70%.
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