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Fine Wine Benchmark

Fine Wine Benchmark

| October 31, 2022
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If you are more comfortable discussing a Single Malt Scotch or French Bordeaux than some obscure tech stock or cryptocurrency, you are not alone.  Billionaire investing legend Warren Buffet says investors should stick to areas they know when they are deciding what to invest in.  The fine wine benchmark Liv-ex 1000 index has returned over 38% over the last two years, while the S&P 500 has managed just a 7% gain.  And during 2008, when the S&P 500 dropped ‑38%, the Liv-ex 1000 fell less than -1%.  Although the ultra-wealthy have been investing in fine wines and rare spirits for years, average investors have not participated.  Now offerings from vint.co and others are offering “shares” in collections of wine and spirits, making fine wine and spirits investing accessible to average investors.  Cheers!  (Chart from chartr.co)

Jeffrey Cerny

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