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Wine can be a great investment, says expert

Wine can be a great investment, says expert
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There are many wines that have offered consistently high returns for investors keen to earn extra money via such tipple, but not all bottles will be hugely profitable.

This is the view of Tom Cannavan, founder of wine-pages.com and an acclaimed critic, who explained that there are hundreds of varieties that will not have followed the top Bordeaux chateaux in continuing to grow in price.

In his opinion, it is important to seek good advice and know that you can always drink your investment if you feel like it.

Mr Cannavan added: "[A lot of] people have wine as part of their investment portfolio. For important individuals, corporations and pension plans, it has been an asset that has appreciated very well in recent years."

Last week, senior investment advisor at Bestinvest Adrian Lowcock suggested water could become a key commodity in the future due to growing population sizes and scarcity of fresh water supplies in certain countries.

Posted by Greg SeckerADNFCR-1681-ID-800597319-ADNFCR