An investment class that lets you enjoy your mistakes? Yes, there is one, though Rick doesn’t recommend it as a part of a standard portfolio.
Wine as an investment is the topic of a September 19 Investment News article by Megan Durisin titled “Thirsty? Fine wine funds growing again after weak vintages.”
Rick, who has a small wine collection himself, is one of the advisors cited in the article. What’s his advice on this particular type of liquid investment? Putting a very small part of your portfolio in wine funds is fine, only if you know and care about wine and the wine industry and only if you indulge in moderation.
Read the entire article here.