Is Whisky A Better Investment Than the Stock Market?
Is whisky a better investment than the stock market? That's Michel Kappen's take on things. He recently launched the World Whisky Index and he says that whisky is a stable investment with an annual return rate of 12 percent. Kappen's index has 2,853 bottles so far with the highest listed at 650 euros. That number is far below some of the amazing whisky prices we've seen over the years. Just a couple of months ago a bottle of Bowmore single malt bottled in 1850 sold for $59,200 at auction. In 2005, a free-spending businessman dropped $58,000 for a bottle of the Dalmore 62. Maybe Kappen is on to something here, the only problem with investing in whisky of course is that you must abstain from sipping the investment.
Reader Comments (Page 1 of 1)
Neece Nov 13th 2007 8:39PM
Fascinating! This is food for thought.
http://www.authenticindulgences.com/
beanspants Nov 14th 2007 5:37PM
maybe it is better than the stock market for the 25 people who can actually invest in whiskey, but it couldn't scale to much more than that, so the answer is no.
Paul Dec 2nd 2007 12:20PM
I would like to know which whiskey is worth buying and putting away, I am twenty four and willing to wait for the return on investment some time in the distant future. Also, are there any storing conditions such as that for wine I should keep in mind?