Is Whisky A Better Investment Than the Stock Market?
Filed under: Spirits
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.
