1.11.2007

Our Investments - Magic of the Day is How to Turn Wine Into Money!

Here is a plan that I’ve been wanting to try for a really long time. I personally haven’t tried it, but I know people who have. What you do is buy newly bottled wine, but make sure it’s a good kind. Do a little bit of research on the different brands of wine, what awards they’ve won, how much the older bottles sell for, stuff like that. If you can get a good cabernet for 150 dollars each, try to buy at least 100 bottles. If you hold on to that wine for about 20 years, you can sell it at anywhere from 5,000 dollars to 10,000 dollars - a bottle!

My great uncle used to work as a financial planner down in California. He liked to collect wine, and bought about 1,000 bottles at bargain prices from 8 to 12 dollars each! Later, he sold each one and probably made a few million dollars! Or you could just buy 40 dollar bottles of wine and end up selling those for about 500 dollars each.

3 comments:

koreadude said...

wow ive been thinking of this before u wrote this post and i think if you just had one bottle of wine and past it down generations and generations u could make TONS of money

Munnybagz said...

As long as the wine doesn’t go bad, that’s why you should keep it in controlled atmospheres. Wine from the time of King Louis (roman numerals here) is worth about 15,000 dollars per LITRE!

momoeverywhere said...

Great idea but you must have a good cash flow to afford them wines, by the time you can afford to buy realestate you might wanna think about buying and put you $$$ else where. Good luck